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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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