Lease Accounting Software for IFRS 16

IFRS 16 compliance just got a whole lot easier thanks to AI-enhanced automated lease accounting software powered by Trullion

 

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IFRS 16 Compliance: Challenges Ahead

IFRS 16, the new lease accounting standard, brings sweeping changes to how we account for leases, and affects every company and industry. Ensuring compliance is a challenge that grows with each additional lease you have in place.

From office and other real estate leases to employee vehicles, equipment and even contracts you were unaware had a lease element within them – IFRS 16 means completely relooking at how your organization calculates, accounts for and reports on leases. This now includes recognizing lease assets and liabilities on the balance sheet.  

Manually dealing with leases has not only become inefficient, it also exponentially increases the risk of error and non-compliance, not to mention using up the precious time of you and your team. 

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Use Automation To Streamline Your Processes: Accelerate IFRS 16 Compliance With Trullion’s Lease Accounting Software (In 30 Days Or Less!)

Your most precious resource is your time. Trullion automates IFRS 16 workflows to ensure compliance, eliminate error and streamline operations in a fraction of the time it would take without Trullion’s game-changing lease accounting software in place. 

Using the latest AI-enhanced technology, the Trullion platform automatically extracts data from source documents such as Excel files and PDFs, simplifies journal entries, and creates a clear audit trail that’s accessible to both your internal team and external auditors.

Developed by a team of experienced CPAs and leading product experts with decades of experience, Trullion unifies the unstructured and structured worlds of business finance by using AI to read and understand leases and sales agreements in any format – and translating them into a live 360° data image of your transactional workflow. Trullion establishes a universal language to allow companies to quantify the value of their business, and empowers Accounting Leaders to trust their financial data. 

With Trullion’s AI-powered lease accounting software you can: 

  • Seamlessly meet IFRS 16 compliance requirements 
  • Accelerate your IFRS 16 adoption timeline
  • Produce 100% accurate and consolidated reports in minutes
  • Effortlessly trace your audit trail back to the source data
  • Access simple reports and clear financial schedules 

 

Features and Benefits

AI-Powered Data Entry

Simply and automatically extract key data points directly from PDF contracts and Excel files to generate the necessary IFRS 16 reports with just one click journal entries, full disclosure reports, and other business intelligence.

Intuitive, Easy to Use UI

Navigate seamlessly through our modern, clean, and easy-to-use interface, built for financial leaders.

Automated Bulk Upload & Modification Detection

Upload any Excel file and the software can detect new, changed and modified leases.

Streamline IFRS 16 Compliance

Automate IFRS 16 workflows to generate 100% auditable journal entries and disclosures. Get compliant in 30 days or less.

ERP Entries & Dynamic Reporting

Leverage our modern user experience to generate ERP-ready journal entries, full disclosure reports, and other business intelligence.

IFRS 16 Lease Accounting Software Implementation

Implementing IFRS 16 accounting software should require minimal time and effort on your part. With Trullion, you can achieve IFRS 16 compliance in just 30 days or less, without heavy involvement from your IT department and no costly implementations between ERP systems. Our team of experts will get you on-boarded onto our system in no time, and once you get started, we are available to help with any request or need. 

 

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“The biggest benefit of Trullion is it lets us have all our leases in one centralized place, and analyze them automatically. It’s particularly useful for audits because you can go from financial entries directly to the right place in the original contract”

Senior Accountant, U.S. Energy Company

Elevate Your Accounting Workflows

Starting with Lease Accounting