IFRS 16 compliant with the GlobalLeaseCenter

IFRS 16 GlobalLeaseCenter Process

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:

On premise Lösung
On premise Lösung
GLCflexxx (Hosting)
GLCflexxx (Hosting)
Fast and efficient implementation
Fast and efficient imple­mentation
Personal consultant
Personal con­sultant
Services around your existing leasing process
Services around your existing leasing process

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

Installation
Installation
  • 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)
Recording contracts
Recording contracts
  • 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
Calulation
Calulation
  • 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.
Posting
Posting
  • 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
Reporting
Reporting
  • 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
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]."
Dr. André Klöcker
Head of Group Accounting and IFRS Policies
CWS-boco International GmbH

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)."
Oliver Engh
Head of Group Accounting
Max Automation SE

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."
Michael Rodel
Head of Finance
EFG International AG

Live Demo:
Please fill out the follo­wing form and we will contact you as soon as possible.

Interest in software solution for the following topic
What is the sum of 3 and 1?

Here you can read the privacy policy.