Besides technical support for the implementation of IFRS 16, with the WTS Advisory LeaseBOX we also offer standard software for the fully automatic classification, posting, and accounting of lease agreements. We would be glad to give you a more detailed introduction with a live demonstration in our free webinar.
Standard software for classification, posting, and accounting of lease agreements
Easy integration into company-internal IT infrastructure (e.g. SAP standard interface), realization of individual interfaces, ongoing updates
Service and maintenance work (e.g. first/second/third level support, remote maintenance, on-site support for the launch of the software)
Development and support of individual client leasing solutions
Advantages
Soft transition to the new lease accounting in accordance with the standard IFRS 16 thanks to quality assurance and parallel operation
Fully IFRS-compliant accounting, includes automatic conversion from German Commercial Code (HGB)
Already tested in bulk business practice
Low investment expense
Extensive management reporting on contract portfolio (e.g. planning)
Core Software Functions for Lease Accounting
Processing of one-step and multi-step lease agreements for lessee and lessor (also e.g. sale lease-back, sub-lease, lease-in/lease-out)
Comfortable import and easy management of lease agreements (e.g. individual payment plans, partial additions and partial disposals)
Prepopulation with MS-Excel, TM-based bulk data entry tool
Rule-based plausibility check of contractual data with error log and reporting
Parallel automatic accounting and classification of lease agreements in accordance with both IFRS/US GAAP (operating lease / finance lease / capital lease) and the German Commercial Code [Handelsgesetzbuch, HGB]
Complete reporting on individual property level (accounting and reconciliation bookings, balance sheet, income statement, cash flows, & Notes to the financial statements)
In our webinar on WTS Advisory LeaseBOX, we present to you our software for the classification, posting, and accounting of lease agreements in accordance with IFRS/US GAAP. We will address both the new leasing standard IFRS 16 and your questions related to the requirements for the system-side representation of your lease agreements.
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