IFRS 16 LEASE ACCOUNTING SOFTWARE

Streamline IFRS 16 compliance with our top-rated solution, enhancing your entire contract management process effortlessly. Our software is designed to accurately address complex lease accounting challenges, saving you time and reducing the risk of non-compliance.

 

BOOK A DEMO

SOME OF OUR CLIENTS

Europris logo
Flokk logo
Norsk gjenvinning logo
Visma logo black and white

HANDLE COMPLEX CHALLENGES

The IFRS 16 standard has a significant impact on business processes, systems and controls. The standard is tricky to navigate and finance teams must address complex questions in order to comply. 

  • What is the correct way to recognize lease liabilities and right-of-use assets?
  • How can you continuously keep track of outstanding lease payments?
  • What is the proper depreciation, interest and exemptions?

Instead of fighting with hundreds of details, our proven technology eliminates manual routines, saves time and reduces the risk of non-compliance to provide better financial control.

 

What some of our 2,700 customers say

We started using Complete Control to get better control over suppliers and active contracts. The tool has played an important role in the savings we achieved, NOK 100 million in 2021 and NOK 120 million in 2022.

-Roy Torheim, Procurement & Operations Director

Contract management software is simply a prerequisite to gain the necessary overview, and it helps us classify contracts according to risk.

-David José Kouyoumdjian, Internal Audit Manager

With almost 400 leases we need a tool we can trust. The risk of error is much lower when you can trust a dedicated software.

-Regine Vik, Chief Group Controller

This is a solution that works for us, that makes us better. The more we use Complete Control, the greater user value we realize.

-Thorn Hemsen, Managing Director

COLLECT & CENTRALIZE LEASE DATA

Avoid searching through long and elaborate contracts, and gather lease contracts and data in one place.  With contract data organized in a secure cloud environment, the information you need is always on hand:

  • well-organized data for easy retrieval
  • secure and structured database
  • access-controlled user rights
  • facilitates collaboration with contract managers & auditors

 

FRS16 leases and contracts - House of Control
Detailed calculation of IFRS 16 leases

AVOID TIME-CONSUMING (AND ERROR-PRONE) SPREADSHEETS

Activate our IFRS 16 software to simplify how you account for leases and generate accurate figures.

  • enjoy automatically generated figures
  • apply correct adjustments and treatments
  • automatically adjust figures for price index changes (CPI)
  • account for extension options and modifications

SIMPLIFY IFRS 16 REPORTING

Our one-of-a-kind IFRS 16 software assists companies in complying with IFRS 16 requirements and automatically generates a wide range of reports and makes figures ready for export or audit.

Simply choose which periods to include, which subsidiary and whether you want to make monthly, quarterly or yearly estimates. If that isn't enough, you can build custom reports to suit your need.

Simple IFRS 16 reporting
Norsk gjenvinning logo
qoutes

“With almost 400 leases we need a tool we can trust. The risk of error is much lower when you can trust a dedicated software.”

“Since we have so many leases we are pretty much dependent on using software for IFRS 16 reporting. House of Control’s solution is easy to use, with a lot of helpful user guides available in the solution.

And whenever we need more help, it is only a phone call away.”

Regine Vik, Chief Group Controller

IFRS 16-contact

BOOK A SHORT LIVE DEMO OF OUR SOFTWARE

Book a live demo

IFRS 16 GUIDE

IFRS 16 lease accounting can be challenging for the finance team. Here is an IFRS 16 guide on what you need to know about the standard regarding keywords like financial and operational leases, right of use, depreciation and discount rate, and EBITDA.

Visit our IFRS 16 Guide

IFRS 16 BLOG ARTICLES

10 reasons Why IFRS 16 Software can coexist with your ERP system 2

Why IFRS and ERP?

There are at least 10 good reasons why IFRS 16 management is better solved with a specialized lease accounting software. This will make your ERP system work even better.

Read article

NIC_2762

The real problems of using spreadsheets for IFRS 16 reporting contracts

9 different shortcomings of spreadsheets when complying with IFRS 16.

Read article

Office with contracts (1)

8 key IFRS 16 questions you need to answer 

Have you resolved the theoretical, practical and commercial challenges involved in IFRS 16?

Read article