Get prepared FAST for the IFRS lease accounting changes

The new IFRS lease accounting standard mandates new changes to the way global companies must track and report on leases. Many companies face a major challenge to aggregate data across global regions and located in various repositories, spreadsheets and paper documents. Visual Lease is the end-to-end solution that can help you quickly centralize your data and get ready for compliance. We’ll support you through the transition and streamline your process for Day 2.

Visual Lease is recommended by the experts

  • Major global accounting firms have recommended Visual Lease for the new standards, such as EY, PwC, KPMG, Deloitte, Grant Thornton & more.
  • Over 300 clients worldwide, including Fortune 500 companies, are using our cloud-based lease accounting platform.
  • Wipro has named Visual Lease as the preferred solution for their global lease project implementation. Our system integrates seamlessly with their lease transition services.

Accurate IFRS lease accounting calculations, reporting and journal entries

  • IFRS lease accounting module calculates journal entries under current and new IASB standards (IAS 17 and IFRS 16).
  • Create Excel-based reports in real time.
  • Send automated journal entries to your existing general ledger or ERP. Visual Lease works with Oracle, SAP, PeopleSoft, Power Plan, Workday, NetSuite, JD Edwards & 50+ more.
  • Produce disclosure reports required under IASB IFRS 16 guidance.
  • Track and report on data in 50+ native languages and multiple currencies.

Accounting & administration for all types of leased assets

  • Manage and report on all types of leases, including real estate, vehicles, technology and office equipment, and other assets.
  • Because we are real estate experts, we handle the added complexities of property leases that others miss.
  • Evaluate and classify your lease types quickly and easily with our capital lease test.

Expert lease abstraction services

  • Our lease data experts can abstract your PDF leases into relevant data points.
  • Prioritize extraction of IFRS lease accounting data or choose a comprehensive abstraction: we can do both quickly and efficiently.
  • AI-supported lease abstraction is available to speed large projects.

Streamlined data migration

  • Our IFRS 16 Excel templates make it easier to collect and organize your organization’s lease data.
  • Visual Lease’s data migration engine simplifies and speeds the process of importing IFRS lease accounting data.
  • Worried about the move from IFRS lease accounting for IAS 17 to IFRS 16? Our Transition Wizard walks you through the process.

Get compliance advice from our expert guides

Lease Accounting System Considerations