Top

RAM’s Lease Accounting Software will help you to:

orb thumbs up green

Comply with corporate governance regulations including the upcoming IFRS 16 lease accounting rules

 
orb depreciation pink

Generate a Schedule of Payments automatically

 
orb mag glass sterling orange

Have full access to an audit trail, making it easy to adjust re-negotiated leases

 
orb correct

Automate the rescheduling & termination of leases

 
housing icon 3

Access short and long-term obligations statements at the click of a button

 
orb cyclical pink

Benefit from a fully-automated process of apportioning lease payments

 



ifrs16

FREE Fact sheet

New IFRS 16 leasing standard explained

FREE Fact sheet


 

Lease Accounting Features

  • Full leasing details, including lease codes, accrual dates, descriptions and related asset codes can be added, viewed or maintained quickly and easily.
  • User-definable payment plans can support every type of lease arrangement.
  • Leases can be rescheduled simply to extend or reduce lease length or amend payment terms.
  • Supports multiple interest calculation methods, including Equal, Actuarial and Sum-of-Digits (Rule of 78) or user defined.
  • Operating and finance leases can be configured for monthly, quarterly, biannual or annual payment/income.
  • Integrated with asset history, depreciation and fixed asset register.



Impose Control

  • Utilise in-depth lease accounting to understand corporate exposure and comply with IAS 17 and the upcoming IFRS 16 regulations.
  • Use Business Activity Monitoring to issue automatic email notifications and report alerts for key events including lease break clauses, expiry dates or auto-renewals.
  • Set up lease specific payment plans to specify individual payment types and flag up payment paid in advance or in arrears.
  • Manage the payment schedules associated with all operating and finance leases, splitting out both the interest and capital elements of the repayment.



Reporting and Forecasting

  • Comprehensive reporting provides detailed analysis of all repayment and interest expenditure, historical and future.
  • Suite of standard reports including obligations analysis, commitments analysis and finance lease schedules.
  • Create user definable reports for any range of past, current and future accounting periods and include locations, type, supplier and department.
  • Restrict reports to display only those records with accrual dates within specified time periods.
  • Ability to sort, sequence and filter reports by any user defined fields.



Compliance with Corporate Governance

  • Supports UK Accounting Standards Committee SSAP21 and the International Accounting Standards Board IAS 17 and IFRS 16 (effective from Jan 1st 2019).
  • Create statutory Year End Return as standard with year-end reports, breaking down the outstanding obligations by payments due next year, years 2 – 5 and year 5+.






 

What Next...?


If you would like to learn more about our software or wish to
arrange a demonstration, contact us today and we will be happy to help!


Would you like to learn more about RAM's Software?