Leasing Platform

IFRS 16 is an international standard that transformed the way companies account for lease contracts. Similarly, NIF D-5 establishes the guidelines applicable to entities reporting under Financial Reporting Standards.

Previously, many financial commitments remained off balance sheet, making transparency and comparability between companies more difficult.

With IFRS 16 and NIF D-5, most leases must be recognised 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?

This platform provides:

• Financial transparency: It reflects the economic reality of the company.
• Comparability: Facilitates analysis across companies and industries.
• Regulatory compliance: Reduces legal risks and regulatory penalties.

What does the Leasing Platform do?

It is a technological solution that automates and simplifies compliance with IFRS 16 and NIF D-5, reducing operational and closing times, with a functional scope that is virtually equivalent for both standards. 

Would you like to simplify your lease management? 

We are ready to help you optimise your compliance process under IFRS 16 and NIF D-5. Contact us.