Becoming compliant with IFRS 16 takes about six to nine months, while it is often thought that the new standard can be implemented within a few weeks. Implementation takes such a long time because the new IFRS standard requires input from many departments, including property, finance, IT and purchasing.
According to JLL research, 52% of property managers indicate that up to one third of their data is inaccurate in regard to the actual number of buildings, square metres, use and costs. Without the correct data on property and lease contracts, a compliant and cost-efficient implementation of this new standard by January 2019 is simply impossible.
This white paper explains why the answer to this lies in combining Integrated Workplace Management System (IWMS) software and IFRS 16 compliancy from within one solution.
Complete the form on the right-hand side to receive a free copy.