IFRS 16 Leasing
Simplify your lease management with Contavio's IFRS 16 software for effortless management and booking of leases
Simplify your lease management with Contavio's IFRS 16 software for effortless management and booking of leases
While simple Excel templates were still sufficient for the initial application of IFRS 16, more complex issues in the ongoing application of the standard and prescribed note disclosures require professional mapping.
Contavio offers you efficient IFRS 16 leasing software, including upstream contract management, for this purpose. It enables the classification, booking, accounting, and disclosure of all types of leases. Thanks to our IT expertise and many years of experience in lease accounting, we can support you throughout the entire IFRS 16 process and ensure standard-compliant implementation.
Contavio’s IFRS 16 software supports a range of lease-related contract types, including Lessee, Lessor, Sublease, and Sale and Leaseback. Whether you are managing leases as lessee or lessor, handling sublease arrangements, or navigating sale and leaseback transactions, Contavio's software ensures accurate and compliant accounting under IFRS 16.
Contavio extends its capabilities beyond standard lease accounting by accommodating a diverse range of additional agreements. With its IFRS 16 software solution, you can effectively manage and account for purchase options, extension/termination options, residual value guarantees, and decommission obligations, as well as track and account for variable lease payments.
Contavio enables effortless management of lease contract modifications with each version securely saved for audit purposes. Whether you are implementing prospective contract modifications or correcting retrospective errors, the software offers you seamless navigation between versions and therefore provides the flexibility and accuracy needed to ensure precise accounting adjustments.
From input options to revision security and ERP integrations
Via manual input, file upload, or automated interfaces (also compatible with other contract management systems)
Flexible postings for IFRS 16 Lessee, Lessor, Sublease, and Sale & Leaseback possible
Including Disclosure Statements, Asset Sheets, Liability Sheets, and more
Supports different languages and foreign currency translation, and includes consolidation functions
Approval Workflows [4 eyes principle] and certification by a Big4 audit company
Generation of postings for all major FI systems, including SAP, Navision, and more
Contavio facilitates IFRS 16 compliance for your company. The leasing software effectively assists you with the ongoing challenges of lease accounting. By offering an automated and user-friendly solution, Contavio not only simplifies complex processes but also ensures compliant IFRS 16 reporting, minimizing potential errors.
Contavio's flexible IFRS 16 software is designed to adapt to your specific process and system landscape. It can be seamlessly integrated into your existing systems and interfaced with other applications. Furthermore, the software ensures centralized lease management in one single location but offers global access capabilities.
Initiating the IFRS 16 implementation journey with a 1-2 hours kick-off meeting, Contavio will get your new IFRS 16 process up and running in just two weeks. The timeline may vary based on different factors such as the number of contracts and amendments, as well as your account structures and required reports.
Book a free live presentation of our software. We are happy to answer all of your questions, check weather Contavio is a good fit for your organization, and talk about a 14-days trial. Or just send us a message. We will come back to you as soon as possible.