Lease16 is built on IBM Planning Analytics with Watson and is available for Cloud deployment.
IBM Planning Analytics with Watson is a powerful tool that enables organisations to collaborate with a managed workflow. It provides data aggregation and calculations, while also allowing users to review and analyse results and details from thousands of data points in real-time. This makes the software perfect for use as lease management software because it’s ready to handle just about everything to ensure you’re IFRS 16 compliant, with ease. Whether it’s changing and restructuring lease contracts or implementing the constant monitoring IFRS 16 requires, our Lease16 Lease accounting software is ready to help your accounting.
- Configured to manage any leasing scenario specific to your business requirements
- Manages the complete lease accounting process from contract creation through to expiration and modification.
- Includes rules to calculate right-of-use (ROU) assets and lease liabilities, including future payments, interest and depreciation
- Reporting in Excel and web front end