IFRS 16 changes the “picture” of the lessee’s balance sheet, Profit & loss account and cash flow statement, modifying key business ratios. It is crucial for companies to rely on a tool that automates the process.
Total Coverage: Total coverage of the process. Covers the end-to-end process.
Integration: Adaptation and total integration with existing systems.
High Performance: High performance. Management of large volumes of data with high performance.
Agility and Security: Agility and Security in calculations, accounting and reporting.
Total Coverage: Total coverage of the process. Covers the end-to-end process.
Integration: Adaptation and total integration with existing systems.
High Performance: High performance. Management of large volumes of data with high performance.
Agility and Security: Agility and Security in calculations, accounting and reporting.
Solutions
Solutions
IFRS 16 is the standard that regulates the accounting for lease contracts. It is applicable to lessee companies and introduces the novelty that all leases must be reported on the balance sheet (also operating leases, formerly “off balance sheet”).
The adoption of IFRS 16 not only affects accounting, but also impacts the systems fundamentally in terms of management, data processing, calculations and reporting needs. Other processes are involved and there are key elements of complexity that justify the need to implement a tool like CCH® Tagetik for automation.
PMP es Reseller y Platinum Partner de Wolters Kluwer CCH® Tagetik. This condition is endorsed by a portfolio of clients and implementation partners to whom we provide support in all sectors of activity for the optimization of different processes. We have accumulated extensive experience as product experts at CCH® Tagetik since 2010. Our consultants have solid knowledge and skills, which is why we also provide the Official CCH® Tagetik Training.
Benefits and Advantages
We offer a pre-built solution with full coverage for IFRS 16 requirements. First of all, it provides a wide range of possibilities for modeling, calculations and generation of analytical entries. As a result, it allows you to easily configure contract and lease models, as well as define accounting entry generation rules by applying defined models to data inventories. In addition, the solution constitutes a data repository. Therefore, it facilitates the generation of accounting entries for each lease, contract or portfolio. Finally, you will be able to cover all your mandatory reporting needs.
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