Especially devised to be IFRS 16 compliant
VIENNA Advantage Lease Accounting solution enables companies with significant leasing operations and keeps all reporting and transactional aspects IFRS 16 compliant.
Allows smooth transition from IAS 17
The transition from IAS 17 to IFRS 16 is a challenging process, especially for large organizations with a number of permutations to consider. VIENNA Advantage Lease Accounting solution provides a host of different transition options including many individual options and practical expedients that are especially beneficial for the lessee.
Single, easy-to-use system
Large organizations manage a huge amount of reportable leases across different subsidiaries. The Lease Accounting Solution from VIENNA Advantage is a user-friendly system that allows for seamless collating of data from multiple sources under one big umbrella, managing calculations, modelling, accounting and reporting.
Multi GAAP compliant solution
The Lease Accounting solution from VIENNA Advantage has the responsibility to converge and harmonize GAAP which follows a rule-based approach with IFRS 16, which follows a principle-based approach creating a consistent financial reporting module across the organization irrespective of jurisdictions.