With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international accounting standards like IFRS16.
Kyriba can help overcome the pain of lease accounting compliance by offering a centralized cloud portal to consolidate lease reporting, classify leases according to the new accounting rules, calculate the value of lease components, and accurately book journal entries to balance sheet accounts.
Kyriba’s Lease Accounting module can be subscribed to alongside solutions for cash & liquidity, payments, risk management and working capital, or implemented as a standalone solution in the cloud.
As corporate finance teams begin evaluating the scope of IFRS16 compliance, they are finding that the project to centralize, value, and account for the sheer magnitude of lease contracts held by their organization and its subsidiaries will take many months to complete. Kyriba gives finance teams an easy, one-stop solution for seamlessly managing lease accounting compliance.Read more
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