Hear what our clients & prospects are saying about how they’ve solved the accounting challenges in IFRS 16 and ASC 842.
Speak to an ExpertWith just six months to go before the IFRS 16 reporting deadline, ISS had an extremely tight timeline to select and implement a lease accounting solution. In addition to having to support over 20,000 leases – the solution also had to support many different lease types, dozens of currencies, over 150 entities and hundreds of users.
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Read about how a $60 billion dollar global company is using Aptitude’s lease accounting software to help manage their leasing portfolio. Their challenges included:
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We’ve had the privilege of discussing the new leasing standard with our clients, prospects and partners at conferences, in boardrooms and over coffee. They are on the front lines of understanding and asking important questions about what the standard means for their accounting and finance processes. Here are some of the things they are asking and saying about the new leasing standard:
“Only 47% of European companies (IFRS/GAAP) disclose off-balance sheet leases. (62% in NA). That amounts to over $2.86 trillion over 14,000 companies in the IASB’s study. 1,145 companies account for 80% of off-balance sheet leases, each having more than $300M, calculated on a discounted basis.”
-IFRS.org
“We are looking for a solution that will work WITH our lease management systems while filling the calculation and accounting gaps required.”
-European Telco
“We want to use IFRS 16 as a way to change our lease software environment and align our overall processes and tools around leases in addition to just achieving compliance. We need a solution that will allow us to integrate and manage leases of various types and help us comply with Multi-GAAP requirements.”
-Large Global Bank
