News, views and industry trends
Creating a business case for lease management software
In the highly competitive world of property management, staying on top of your portfolio is the key to success. However, juggling leases can be a complex task of documents, deadlines and specifics that often challenge even the most experienced lease …
What is lease accounting? The basics simplified and explained
Effective from 1st January 2019 for private sector organisations and more recently in the public sector from 1st April 2022, IFRS 16 is the new standard for lease accounting issued by the International Accounting Standards Board (IASB). These latest …
Different types of compliance by industry
With visitors, contractors, and employees back in our workplaces, organisations seek software that ensures everyone coming in or out of their buildings is aware of and meets their compliance requirements. Your organisation probably has unique corpora…
A guide to lease audits
For companies handling a large number of leases that are either very complex or have high churn, lease audits are a necessary but resource-intensive process. Whether a company acts as a landlord, a tenant, or both, it can be challenging to stay on …
How lease administration teams can adapt to changing workplace dynamics
Nearly every industry is experiencing high turnover at the moment, and the commercial real estate sector is no exception. New workplace trends like the Great Resignation have led to a high level of employee churn, disrupting essential processes and t…
Finding the right lease accounting solution for the transition
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. Now that you have collated all your lease data and put it into a suitable …
IFRS 16: Knowing your leases 101
Welcome to the first in our series of IFRS 16 ‘101’ blogs, aimed at guiding you through the preparation required to successfully transition to IFRS 16 lease accounting in time for 1st April 2022. In this blog, we focus on the importance of extracting…
Are you ready for the IFRS 16 Public Sector deadline?
Setting the scene If you are reading this it is likely that IFRS 16 has become a hot topic within your organisation, so naturally you will be aware of the notable change to lease accounting practices, that is about to occur within the public sector a…