Overview

Planon’s Lease Accounting Solution is designed to streamline lease management and ensure full compliance with the latest lease accounting standards (IFRS 16 and ASC 842). The software automates the processes of recognizing, measuring, and reporting lease obligations, significantly reducing manual intervention and the risk of errors. It seamlessly integrates with existing ERP systems, enabling real-time tracking of lease data. This solution offers flexibility for both operating and finance leases and provides clear, actionable insights for financial decision-making.

Features and Capabilities

• Compliance with IFRS 16 and ASC 842: Ensures adherence to lease accounting standards for financial reporting.
• Comprehensive Lease Data Management: Centralizes lease data, ensuring easy access, updates, and control.
• Automation of Key Processes: Automates lease calculations, reducing manual work and the potential for errors.
• Real-Time Reporting and Analytics: Provides instant insights into lease liabilities and assets for informed decision-making.
• Integration with ERP Systems: Seamlessly connects with existing financial software to enhance operational efficiency.
• Multi-Lease Support: Manages both operating and finance leases for diverse organizational needs.
• Audit-Ready Reports: Generates reports that meet compliance and audit requirements.
• Scalability: Adapts to growing businesses and complex portfolios.