IBM Planning Analytics application to accelerate and simplify lease reporting under IFRS/16
Cortell’s application uses a customized IFRS/16 model built in IBM Planning Analytics. It is designed to help organisations manage their entire lease administration and lease accounting workflow, from contract creation to expiration.
Retrospectively analyse data and perform calculations for current and future costs, all while presenting compliant data to the office of finance.
With the help of IBM Planning Analytics application for IFRS/16, compliance tasks can be performed more efficiently, leaving your finance and accounting teams the time and the accurate data—to drive smarter, more informed decision making.
How can Cortell’s solutions help you?
With IFRS/16, many aspects of lessor accounting will remain the same
The Cortell/IBM application is designed with specific rules to calculate the correct right-of-use asset value and lease liability, including future payments, interest expenses and depreciation for the full contract term. A contract can easily be created either by import from a source system or by manual input.
If you need further help translating these changes, contact Cortell now.
For your business to meet the requirements of IFRS/16’s new leases standard, you will need your financial management and reporting to check the boxes so that you don’t have to re-invent the wheel each month, quarter, or financial year-end.
Contact us to discuss your IFRS/16 transition:
Discuss IFRS/16 with Cortell
Contact us for assistance in implementing the new standards in your business.
Call or email us to get the inside-track on IFRS/16 and ensure your transition is smooth and painless.
We’re a specialist consultancy with IBM Partner status that implements BI Solutions and Performance Management systems to improve agility, accuracy, speed, and predictability in your business reporting, planning, and forecasting.