The implementation of standard IFRS 16 will not only significantly alter leased asset financing strategies, accounting methods, and the structure of the balance sheets of lessees. It will also have major impacts on information systems. To meet this challenge, Blimp360 offers all the essential features for optimum management of lease contracts:
Contract management database
Multi-dimensional, multi-entity and multi-currency management of contracts
Sound valuation of lease assets and liabilities
Handling of assessments and revaluations for each reporting period
Automated processing and simulation of financial impacts and accounting records