IFRS 16 / AASB 16
IFRS 16 is an ongoing obligation, not a one-off project
Petra automates IFRS 16 / AASB 16 compliance for property and non-property leases — equipment, fleets, telecom towers — and adapts as your portfolio and the standards change.
Supporting global standards
IFRS 16 lease accounting built for property portfolios
Petra software handles multiple accounting standards, and our IFRS16 module is widely regarded as the best in the world. It is especially good for companies who want their property leases to be covered by this utility, (as well as non-property leases), because a weakness of typical IFRS16 software is that they handle the property lease aspects very poorly.
Built for ongoing compliance
The foundations your lease accounting process depends on
Cloud
Integration
SOC 2 secured
Petra
Keep IFRS 16 / AASB 16 compliance connected to the portfolio itself
Petra adapts as your property and non-property lease portfolio changes, while supporting IFRS 16 and AASB 16 from the same platform.
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