IFRS 16 platform

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IFRS 16 platform

What is IFRS 16 and why does the platform exist?

IFRS 16 is an international standard that transformed the way companies account for lease agreements. Previously, many financial commitments were left off the balance sheet, which made transparency and comparability between companies difficult.

With IFRS 16, most leases must be recorded as:

  • Right-of-use asset (ROU): Represents the value of the leased asset.
  • Lease liability: Calculated based on future payments, discounted to present value.

 

Why is it important?

  • Financial transparency: It reflects the economic reality of the company.
  • Global comparability: It facilitates analysis between companies and sectors.
  • Regulatory compliance: Avoids legal risks and penalties

 

What does the IFRS16 platform do?

It is a technological solution that automates and simplifies compliance with the standard, reducing errors and accounting closing times. 

Its main capabilities areBenefits for our clients
  • Centralised contract registration: All leases in a single secure repository.
  • Automated calculations: Present value, depreciation, interest and adjustments for contractual changes without manual intervention.
  • Accounting and analytical reports: IFRS 16-compliant reports for internal and external audits.
  • Integration with ERP and BI tools: Direct connection to corporate systems for consolidation and advanced analysis.
  • What-if simulations: Hypothetical scenarios to assess financial impacts before making strategic decisions.
  • Guaranteed regulatory compliance: Minimises risks and ensures traceability.
  • Time optimisation: Significant reduction in accounting close time.
  • Risk reduction: Prevents human error and regulatory penalties.
  • Better decision-making: Clear information and reliable projections.
  • Scalability: Adaptable to companies with multiple contracts and global operations.

Want to simplify your IFRS 16 compliance? We’re ready to help you optimise your IFRS 16 process – contact us.

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