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Way back in 2006, when the IASB announced the concept of a new project into lease accounting, the potential of significant implications for our customers began to emerge. Since IFRS 16 was officially issued in January 2016, MRI ProLease Express has c…

How to ensure your business is ready for IFRS 16 In January 2016, it was announced that a new accounting standard, IFRS16, would come into practice for all lease holders, from January 2019. With this date fast approaching, it’s important to know wha…

Traditionally visitor management was managed manually via a check-in book or ledger at reception or the entry point. A visitor management system replaces the book and pen to digitize the management of visitors, employees, and contractors within an or…

Climbing the mountain: the importance of systemising franchise growth. Expansion is one of the most challenging and exciting initiatives that a business owner will ever undertake. In many ways, it’s the fundamental premise of franchising. It says: th…

In the commercial property space, end of financial year reporting is one big job. You need to analyse your lease commitments, key dates, leasing options, rent reviews, leasing contributions — and that’s just the tip of the iceberg. In a perfect world…

Welcome back to our series of IFRS 16 ‘101’ blogs, aimed at guiding you through the preparation required to successfully transition to a IFRS 16 lease accounting solution in time for 1st April 2022.     Now that you have collated all your lease data …

How does a lagging power factor affect your energy costs? When evaluating the performance of a building, the main goal is always to reduce energy consumption and costs wherever possible. However, one aspect that is often overlooked in this proc…

What is an energy management system? An energy management system should be an all-encompassing tool for organisations to streamline energy management tasks. It should help businesses analyse their energy usage, identify wastage and facilitate the im…