IFRS 16 Leasing Software: simplify your accounting

The role of IFRS 16 leasing software in complying with IFRS 16 standard

IFRS16 software is designed to simplify the complex demands of lease accounting under IFRS 16 standard. By automating calculations and providing detailed reports, this software helps businesses accurately reflect lease liabilities and right-of-use assets on their financial statements. The use of an IFRS 16 system eliminates the likelihood of human error, which can occur when managing large volumes of data manually.

Fatman Frame IFRS 16 Lease Management application stands out as a comprehensive solution for publicly listed companies and other corporations operating within the European Union. This application not only aids in ensuring compliance but also offers insights and control over lease portfolios. It allows organisations to manage leases efficiently, providing a structured approach to handling the intricacies of the IFRS 16 standard.

Benefits of using Fatman Frame IFRS 16 leasing software

Utilising our IFRS 16 software, such as Frame, offers numerous benefits. Firstly, it enhances the accuracy of financial reporting by automating complex lease calculations. This eliminates the need for manual computations and reduces the risk of errors, saving time and resources. Frame also provides detailed reports and analytics, which facilitate better decision-making and strategic planning.

Moreover, Frame is designed to be user-friendly, making it accessible to finance teams without requiring extensive training. The intuitive interface allows users to navigate through various features effortlessly, ensuring that all necessary information is readily available. Additionally, the software’s ability to handle high volumes of data and transactions makes it ideal for large corporations with extensive lease portfolios.

How to implement leasing software in your accounting system

Integrating IFRS 16 software into your accounting system is a straightforward process with the right approach. Begin by evaluating your current lease management practices and identifying areas that require improvement. This will help you understand how the software can best meet your needs and streamline your processes.

Once you’ve identified the right IFRS 16 software, such as Frame, engage with our team to ensure a smooth implementation. We offer support and guidance throughout the integration process, ensuring that your team is well-equipped to make the most of the software’s capabilities. By taking these steps, you can enhance your lease management process, improve compliance, and unlock valuable insights into your lease portfolio.