Ensure compliant lease accounting and integrated portfolio decision making with validated IT technology
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 about to have a significant impact on financial reporting. These new standards ASC 842 and IFRS16 become effective for public companies from the start of fiscal year 2019.
Planon Universe for Financial Professionals 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 Universe for Financial Professionals 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.