IFRS16 Software Technology Considerations

November 2, 2024

Now that your organisation has transitioned to IFRS 16, explore the long-term solutions that your organisation should be considering when re-procuring technology for lease accounting. This includes ensuring best value and risk mitigation for your organisation by securing a software solution that provides multi-functionality across departments. In particular, this article examines some of the benefits of combining functionality that incudes IFRS 16, Lease Management and Workflow Management.

Topics the article will cover:

✓ The underestimation of IFRS 16

✓ Perspectives on IFRS 16 CFO vs Group Financial Accountant

✓ Transition choices

✓ Limited software availability for IFRS 16, in the early days

✓ System features to consider now that the IFRS 16 software space has matured

✓ Functionality that accommodates multiple departments

✓ Workflow Management

✓ Lease Options & CPI Linked Rent Reviews

✓ Reporting and Interfaces

✓ Support

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