IFRS 16 compliant with the GlobalLeaseCenter
You still balance leasing contracts with Excel? We have the safer and cost-efficient alternative!
Our web-based IFRS 16 software supports you not only in the calculation and booking of leasing contracts and the determination of notes, but also in the decentralised recording and administration of contracts.
The complexity of the new IFRS 16 regulations often presents leasing-intensive companies with problems. This has come to an end with AMANA! Our IFRS 16 leasing software integrates all requirements in our standard set, which guarantees a quick implementation! With GlobalLeaseCenter you are ready to go in just a few days!
Ready to go in just four days - IFRS 16 compliant accounting with one accounting tool:
Leasing software due to new IFRS 16 regulations
IFRS 16 has turned the handling of leases with lessees on its head.
The new standard requires lessees to record all leases on the balance sheet which reflect their right to use an asset and the associated liability for payment. In the subsequent periods, depreciation and interest payable are recorded in the P&L. Short-term leases (of 12 months or less) and low-value leases are exempted. IFRS 16 also covers a range of rules concerning revaluations and modifications. Contract modifications and revaluations are recognised in the value of a right-of-use asset and the associated liability and, in certain circumstances, in the P&L. With our IFRS 16 software you solve the regulations without any problems.
Contract management and posting compliant with IFRS 16 embedded in new processes
To implement the guidelines you must list and calculate all eligible lease contracts at the very least. This is the first step to be taken during the introduction of IFRS 16, although all subsequent new contracts will have to be listed later. In contrast to IAS 17, IFRS 16 primarily focuses on the recording of contract modifications and revaluations, and this is where our experience shows Excel’s calculation capability to be pushed to its limits.
In particular, gathering lease data and their adjustments across all group companies often proves to be difficult and time-consuming. In the midst of all these redesigned processes, the IFRS 16 Software, the GlobalLeaseCenter can make life much easier for accountants.
Over the past two years, with our customers we have devised a standard approach that enables fast implementation, putting you in a position to calculate and post contracts within a matter of weeks
IFRS 16 end-to-end-process
- Webtool, installed centrally
- Standard software
- Minimal master data
- Upload of key master data like interest curves
- Effective training concept by AMANA (either on-premise or via WebEx)
- Standard mask for entering contracts
- Simple and intuitive – active user input guidance through each relevant contract dialogue, depending on the contract
- Supported in the control process – maintenance of contract portfolio including modifications
- Contracts imported in XML or CSV format including modifications (add-on)
- Numerous cash flows can be visualized (rent-free periods, daily rates, among others)
- Attachment in PDF format
- Automatic calculation of the lease term
- Interest from master data automatically added
- Infoboxes for storing details such as group accounting guidelines
- On the fly calculation and simulation of contracts
- Calculation of all relevant information for the entire term of the contract
- Liability (according to maturities)
- Right-of-use asset according to asset class
- Interest
- Amortization etc.
- Integration of your IFRS accounts and transaction types
- Standard posting document for import to the ERP system
- ERP-independent
- Transition postings
- Posting of modifications
- Cost centres, PO numbers etc.
- Visualization of various transition methods
- Wide range of reports including:
- Contract overview
- Balance report
- YTD postings
- Assets analysis
- Notes (mandatory IFRS 16 statements for sufficient quantities of data available in the tool; add-on for company-specific notes)
- Planning data of the contracts can be generated, reports for future dates can be viewed
- Transparency and analysis of contracts
- Monitoring of values reported on the balance sheet
Webinars about IFRS 16 and our GlobalLeaseCenter
IFRS 16 - Group-wide financial statements without Excel chaos
In addition, we will show you how to deal with topics such as master data (e.g. marginal borrowing rate), notes to the financial statements, contract reclassifications and mergers, and currency conversion. Benefit from the Best Practice Project Setup, which has been successfully tested several times. More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation. Leave the time-consuming Excel behind you...
Referents: Eva-Maria Kuhlmann and Matthias Sahm
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Record speed migration - GlobalLeaseCenter the leasing tool from AMANA
With the GlobalLeaseCenter not only implementation succeeds in record speed if you have to apply IFRS 16 anew. In addition to rapid implementation, migration to the GlobalLeaseCenter is also possible at record speed thanks to a proven and widely used methodology. So even if you are a current IFRS 16 preparer, you can implement a proven and regularly maintained IFRS 16 leasing tool quickly and without major implementation effort.
The GlobalLeaseCenter is a comfortable standard solution of AMANA to effectively and efficiently account for leasing matters according to IFRS 16. Within a clear and well-structured process the GlobalLeaseCenter supports the user in data collection. Validations of the input data increase the data quality. Based on the entered contract data, the GlobalLeaseCenter intelligently recognises which IFRS 16 facts are present (new contract, modification; reassessment) and automatically carries out their evaluation. The generation of bookings, dicslosures and reports at company level or group level is one of the standard functionalities of our IFRS 16 system.
More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation. Besides the AMANA team in Germany, we have subsidiaries or partners in many countries in Europe.
In our webinar we will show you how quickly the GlobalLeaseCenter (On Premise and Cloud) is ready for you and give you a brief insight into our basic functionalities.
In addition, we will show you how to deal with topics such as master data (e.g. marginal borrowing rate), notes to the financial statements, contract reclassifications and mergers, and currency conversion. Benefit from the Best Practice Project Setup, which has been successfully tested several times.
Referents: Eva-Maria Kuhlmann and Matthias Sahm
Go live in 4 days - IFRS 16 with the GlobalLeaseCenter
With the GlobalLeaseCenter you can implement a tested and regularly maintained IFRS 16 leasing tool in record time. The GlobalLeaseCenter is a comfortable standard solution of AMANA to effectively and efficiently account for leasing matters according to IFRS 16. Within a clear and well-structured process the GlobalLeaseCenter supports the user in data collection. Validations of the input data increase the data quality. Based on the entered contract data, the GlobalLeaseCenter intelligently recognises which IFRS 16 facts are present (new contract, modification; reassessment) and automatically carries out their evaluation. The generation of bookings, dicslosures and reports at company level or group level is one of the standard functionalities of our IFRS 16 system. More than just a software solution: our experienced consulting team will accompany and support you both in the project and, if required, in live operation.
Referents: Eva-Maria Kuhlmann and Matthias Sahm
IFRS 16 in the GLC - Series for Users and Interested People
IFRS 16 in the GLC: AMANAIntelligence - Individualised reporting made easy
In our second focus webinar on the topic of BI, we would like to show which possibilities for individualised reporting arise through BI - in contrast to the development of reports in the software application. We will show why this is a good and important addition to the standard reports and why this is a quick and efficient way. In our discussions with our clients, we regularly find that the topic of BI is also exciting for an efficient leasing process.
The GlobalLeaseCenter is a convenient standard solution from AMANA to effectively and efficiently lease acounting according to IFRS 16. The software product is accompanied by a professional and technically experienced team of consultants, in which the knowledge about the product and the processes surrounding the product are bundled and made available to you.
Referents: Eva-Maria Kuhlmann.
Testimonials
Haniel
"When selecting a suitable software solution to meet the requirements of IFRS 16, we were particularly impressed by the flexible and simple integration of GlobalLeaseCenter into our system landscape as well as the professional and technical expertise of our contact persons [at AMANA]."
Max Automation SE
"With AMANA's GlobalLeaseCenter, the countless variety of types of leasing contracts and the modifications they can undergo during the term of the contract can be recorded easily and comprehensibly. At the same time, the valuation and the mapping of the contracts is always in line with the new standard for leases (IFRS 16)."
EFG International AG
"GlobalLeaseCenter was quickly adapted to our specifities, easy to implement and very user-friendly. The "AMANA-team" was very helpful over the project and we benefited from their technical expertise."
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