Lease Cockpit

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Are you ready for the new lease standard?

“IFRS 16 Leases” was issued in January 2016 and applies to annual reporting periods beginning on or after 1 January 2019. New Standard replaces IAS 17 Leases and related interpretations. The new standard will affect virtually all commonly used financial ratios, performance metrics, IT infrastructure, data flows, contact management processes and so on. These changes may increase total balance sheet figures and EBITTA. Besides, new standard will have a significant impact on profit before tax for the companies that have significant amount of lease contracts.

Expore our solutions to see how leasecockpit can help you!

Leasecockpit helps you transition to IFRS 16 & ASC 842 and get compliant quickly. Leasecockpit provides an automated solution that allows you to easily manage the large volumes of leasing data calculations, reporting and disclosures according to the new regulations.

WHY US?

Financial Reporting Consultancy

We have provided to an end to end solution with our deep knowledge of IFRS and a software supported with visual management reports.

Fast installation

Independent form how our lease agreements are complex and above a certain number we are providing a solution that will decrease your project time and costs.

Easy to integrate

Leasecocptit can be integrated to your current ERP system easily

Prebuilt solution with flexible configuration

Leasecockpit is eligible to develop based on your specific needs.

Management reporting support function

Leasecockpit can both prepare the required discloures of the new standard and prepare current and forecast reports for your management reporting.

Easy to implement for the consolidated financial statements

Leasecocpit can be used for the groups that have both standalone and consolidated reporting requirements. Segment reporting is a function of Leasecockpit.