Lease-In Accounting - Group Ledger IFRS

Lease contracts describe contractual agreements between two partners: the lessor and the lessee. The lessor is the owner of an asset, whereas the lessee has a right to use this asset during the period agreed in the lease contract. For the use of the asset, the lessee must pay lease payments, which are agreed upon in the lease contract.

This scope item helps you standardize and automate your lease-in credit contract management activities for real estate, as well as for machinery, equipment, vehicles, computer hardware.

You can easily create new contracts, execute periodic postings for existing contracts, and execute valuation postings for existing contracts.

You can run reports of your existing contracts as part of your daily business.

You can create reminder rules for every contract, for example to check the contract conditions, the contract term, or the renewal options, saving you time and effort and freeing up capacity for more strategic tasks.

Key Process Steps Covered

  • Create contract
  • Maintain contract
  • Make adjustments
  • Integrate SAP S/4HANA and C4RE
  • Edit valuation rule
  • Perform periodic posting contract
  • Post contract valuation
  • Change supplier
  • Report contract
  • End contract
  • Perform administration tasks

Benefits

  • Accelerate leasing processes
  • Standardize and automate your recurring lease administration activities
  • Gain full control and visibility of leases and critical dates
  • Monitor critical dates on your leases, such as lease notifications and renewals
  • Improve decision making
  • Help ensure compliance to the latest financial reporting standards, like the new lease accounting standard IFR16