Our integrated software platform for Financial Professionals

New accounting regulations regarding leases from the worldwide body the International Accounting Standards Board (IASB) and from the US Financial Accounting Standards Board (FASB) are having a significant impact on financial reporting. These new standards ASC 842 and IFRS16 became effective for public companies in fiscal year 2019. 

Planon Lease Accounting Solution ensures timely reporting readiness and eliminates risk of non-compliance regarding the new accounting standards, with a fast on-boarding and compliant lease management and calculation of profit & loss related costs, cash flows and balance sheet parameters for leases. The solution is approved by a Big Four accountancy firm and supports both lessors and lessees.

Planon Lease Accounting Solution increases processing efficiency, eliminates decentralised administration, and reduces effort and costs with one integrated lease management solution that seamlessly connects with any ERP. This solution supports extensive additional cost reduction opportunities by the unique integration of lease management with your mid and long-term workplace strategy, real estate portfolio management, and enterprise asset management processes.

Capabilities

Planon Lease Accounting Solution offers a compliant lease management and accounting process for property and asset lease contracts. Furthermore, the solution enables managers to make informed decisions regarding portfolio changes, lease renewals and lease proposals, presented in the language of senior business management, controllers and accountants.

On-boarding

Easily import lease data from your existing contract administrations or by the integration with specialised lease abstraction software.

Lease Administration

Reduce or eliminate decentralised systems and manage all lease contracts, relevant data, renewals, indexations and new disclosures in a standardised SOX compliant solution.

FASB & IASB Lease Accounting

Ensure compliant financial calculations and reporting based on current and new lease accounting standards that allow a seamless transition period.

ERP Integration

Export posting in a compliant way to any ERP or accounting system that leads to journal entries in your company’s general ledger(s).

360˚ View

Combine lease accounting with other processes like real estate portfolio and asset management, strategic space planning, and capital projects to support strategic decision making.

Our focus on integration and technology

• This solution offers seamless integration with existing lease administration and your financial systems. This ensures a fast and secure import of existing lease data and a seamless exchange of postings to your general ledger.
• Lease documents can be scanned and analysed by specialised lease abstraction software that can be integrated with this solution to support a fast on-boarding of non-digital data.
• Planon Lease Accounting Solution can be installed on-premise or operated in our state-of-the-art and highly secure cloud platform that reduces total costs of ownership and increases your flexibility.

Our proven best practices

• Planon Lease Accounting Solution includes a best practice called Accelerator, which includes pre-configured processes, including workflows, catalogues, reports, dashboards, templates, roles, authorisations, data import facilities and configuration descriptions.
• Planon’s best practices reduce time, costs and effort spent in process design and implementation.
• Accelerator offers the flexibility to adapt Planon innovations and new business processes easily and quickly. This ensures alignment with evolving needs and allows you to innovate continuously.

Our professional services

• Planon Lease Accounting Solution encompasses professional services during its full lifecycle, starting with the initial implementation in your organisation until the use in daily operations, application management and solution expansion.
• Planon collaborates with global partners that are specialised in accounting transition projects to ensure a professional and fast implementation.
• Full operations services include a performance based SLA on response times and system availability, 24/7 support worldwide, implementation of configuration changes, additional reports and dashboards, authorisation control, and base data management.

Professional Services

In collaboration with specialised partners, Planon offers a series of services that ensure a timely implementation and that create a foundation of support during the full solution lifecycle. With these services, Planon and its partners bring essential knowledge, best practices and experience to help you get compliant. After the initial implementation, these services reduce the Total Cost of Ownership (TCO), increase the flexibility in use, and make your Planon software scalable. Learn more about our Lifecycle Services

Broschyrer

Planon Lease Accounting Solution

Since January 2019, organisations must comply with new lease accounting regulations from FASB and IASB. Get compliant now with Planon Lease Accounting Solution.

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Broschyrer

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Kundfall

Refresco

Refresco has more than 1,800 leased assets worldwide. In order to get compliant with the new IFRS 16 lease accounting standards, all external reports needed to comply with the new regulations.

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