PYA Solutions specialists have gained a deep understanding of the financial sector. We can advise on how to use the technology in the most efficient way to satisfy your business needs. We will implement the project for you, show how to use it effectively and provide full support for the solutions we’ve implemented. 100 % success in SOFT4Lessee implementation guaranteed.
SOFT4Lessee is a software solution for lease accounting under IFRS 16 accounting standard. Businesses with large portfolios of operating leases (properties, vehicles, equipment) will be impacted by the change in accounting standards, as the new standards require lessees to recognize assets and liabilities arising from operating leases on the balance sheet.
SOFT4Lessee will help your business to:
- plan the transition to the IFRS 16 – calculate the impact and choose one of the transition options;
- stay compliant with the standard – upload new leases every month, let the system calculate values and download G/L transactions.
SOFT4Lessee Main Features
- Data Import/ Export
- Lease Agreement Data Management
- Reports for IFRS 16 Presentation and Disclosures
- Accounting for Lease Liability
- Accounting for right of use asset
- Handling of Non-lease component
- Managing Lease Modifications
- Lease status management
- Variable Lease Management
- General Ledger integration
- Assessment of the Lease Term