We can help you transition to the new leasing regulations and get compliant quickly. Our Solution is automated to allow you to easily manage the large volumes of leasing data by providing data collection, calculations, reporting and disclosures.
Our goal is for your implementation to be as seamless as possible, and our agile approach led by an experienced project manager has a proven track record of success.
Import and/or input data including leasing contract info, asset details, fixed and variables lease payments, renewal/termination/purchase options, etc.
Graphically view assets, liabilities, expenses, depreciation and interest expense to show the impact on Balance Sheet and Profit and Loss using different scenarios
View reports for local GAAP, IFRS/ASC full amounts and Delta bookings for ‘as- is’ and ‘to-be’ analysis.
Run models on future time periods for planning
Load and map from internal and external data sources
Lease Contracts Data Repository
Data validations and controls
Preconfigured data model
Preconfigured Chart of Accounts supporting IFRS16
Preconfigured and extendable calculation logic
Reporting and Disclosures
Audit Trail Workflow
Pre-configured solution gets you compliant quickly with a lower total cost of ownership (TCO).
Creates a single lease data repository to accurately calculate, report and disclose for IFRS 16 & ASC 842 and other reporting requirements. With confidence in your numbers and integration with Qlik Sense and Microsoft BI solutions, you can spend more time on analysis and planning
Our regulatory solutions are non-disruptive to existing architectures - they integrate with all of your systems, including CCH Tagetik CPM and other applications, on-premise or in the cloud. CCH Tagetik's ETL capabilities allow you to seamlessly integrate with any source system to import or export data.
With our solution, you can process and calculate large volumes of data quickly. Flexible modeling allows you to easily extend and maintain the library of lease models, configure calculation logic and rules with a Finance friendly interface to stay compliant.
A single version of data makes it easy to analyze, drill down to details, and report while adhering to IFRS 16 & ASC 842 disclosure requirements. With our additional Collaborative Office solution, you can easily create an MS Word financial statement, a PDF board book, a PowerPoint presentation or a submission to regulators; the numbers and narrative are accurate and auditable.
Monitor the whole process with a dashboard that provides the status throughout the submission, adjustment and consolidation process. Using CCH Tagetik’s preconfigured workflow and communication tools unify the entire cycle and keep contributors on track and reports on time.
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T: +386 05 99 437 00