Since 1994, PowerPlan has been a leading software solution to help businesses optimise their financial performance. The solution was specifically developed to help executives understand how compliance requirements, such as the new IFRS Standards, impact their business. PowerPlan offers a complete lease accounting solution backed by the expertise and support of team members in the US, Canada, the UK and Australia.
PowerPlan software provides complete lifecycle accounting solutions for all capital and operating leases, including equipment, real estate, embedded and purchase power agreements. With a central repository that serves as a foundation for reporting on lease inventories, PowerPlan helps your company build a consistent lease management policy.
PowerPlan currently manages over £20 billion in leased assets for companies of all sizes. Companies select PowerPlan because of its commitment to continually update the software to meet new regulatory requirements. Complete integration between lessee and lessor solutions simplifies inter-company leasing and subleasing activities.
PowerPlan's Lessee Accounting module equips your team with tools that help comply with the new IASB lease accounting standards. It's compatible with multiple accounting treatments, including IFRS and IASB, and supports bookkeeping, future expense forecasting, investment management, workflow approvals and reporting. The solution provides:
To comply with new IFRS and FASB standards, and their increased emphasis on disclosure reporting, organisations today need a solution that enables complete transparency into lessor portfolios, and improves traceability and recognition of lease receivables.
PowerPlan not only serves as a repository for all lessor agreements, but contains enhanced modelling capabilities to generate leases with the most beneficial terms and conditions.
PowerPlan has helped customers manage operating and capital lease accounting for 15+ years.
Our consultants are expert problem solvers. They'll work closely with your team to define, improve and innovate your business processes based on years of experience with unique, complex, integrated environments. Before we begin an implementation, we'll partner with your team to develop a strategy that identifies key tasks, deadlines and resource requirements. We also can work with your system integrators and IT department to provide the best approach to your lease solution.
The new lease accounting changes will have financial impacts across your organisation, including your balance sheet, budgets and project prioritisation. PowerPlan's Asset Investment Planning Suite provides organisations with a decision framework and scenario analysis, allowing your team to allocate capital for the most effective ROI.
Learn more about PowerPlan's Asset Investment Planning Suite
PowerPlan's Lease Accounting Resource Centre
Access your resource guide to help you prepare for the IFRS 16 lease accounting changes:
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8 things to know about the upcoming lease standard This short list is a good reminder of things to consider with the new IFRS Lease Standards.
3 mistakes to avoid in your lease compliance plan Preparing for IFRS 16? Be sure to avoid these three common pitfalls as you prepare for new lease standards.
How will the major changes to lease accounting standards (ASC 842/IFRS 16) affect SAP customers? Public or private, billion-dollar corporation to family-run business, will be disrupted by the new IASB lease accounting standards. Learn more about the impact.
9 questions to ask now about the lease accounting standards Based on research with multiple companies across the globe, here are the top questions your team should consider as you prepare for IFRS 16.