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Every action that takes place in and around a building has the potential to create data – and lots of it. Information comes from leases, work orders, energy usage alarms, sensors and more. The people that set foot on your property generate data point…

With evolving standard like IFRS 16, FRS 102 and ASC 842, finance teams are facing increased scrutiny. Relying on spreadsheets alone introduces risk. MRI Software delivers purpose-built technology that brings control, clarity, and compliance to every…

Healthcare organisations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. However, one of healthcare organisations’ most significant challe…

In the complex healthcare industry, delivering high-quality patient care requires seamless collaboration across various departments. From facilities management to finance and sustainability, the need for integrated systems is more critical than ever.…

FRS 102 is the UK’s financial reporting standard, established by the Financial Reporting Council (FRC) as “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Designed to ensure a true and fair view of a report…

Leasing plays a vital role in business operations, helping companies secure the assets they need without ownership. However, lease accounting can get complicated when agreements contain more than just base rent, specifically, non-lease components. No…

Making the right decision between finance and operating leases is essential for businesses to manage finances effectively. These two lease types differ in their accounting treatment, financial implications and operational considerations. This guide b…

Finance lease accounting refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognise both the asset and the corresponding lease liability, reflecting the ownership-like re…