IFRS 16 in retail – transition enabled by purpose-built lease accounting software
Halfords Group Plc is the UK’s leading provider of motoring and cycling products and services. Through Halfords Autocentres, acquired in 2010, it is also one of the UK’s leading independent operators in vehicle servicing, maintenance and repairs. It …
IFRS 16 & beyond: 5 ways technology can help overcome post-transition challenges
Over the past three years, MRI Software has supported nearly 500 organisations around the world in their adoption of new lease accounting standards. In many of those projects, we’ve delivered software for several enterprise organisations in the UK, E…
Lease concessions related to the effects of the COVID-19 pandemic: A guide for lessees
As a result of the coronavirus pandemic, commercial tenants who have negotiated agreements for deferred rent or other lease concessions with their landlords will need to account for these lease modifications on their balance sheets. What will lease a…
How occupiers are reimagining their use of real estate
It’s been a shifting landscape for property occupiers in recent years. A range of operational changes and market pressures have come together to trigger organizations of all types and sizes into rethinking their approach to real estate. From the intr…
Analysing and unlocking the value of software solutions for real estate occupiers
Global lease accounting rule changes have triggered an overhaul of digital real estate strategies for property occupiers. With the costs of property and equipment lease portfolios now impacting balance sheets, organisations are putting a much greater…
From spreadsheet to software for effective IFRS 16 reporting
Kingfisher plc is an international home improvement company with over 1,300 stores in nine countries across Europe, Russia and Turkey, supported by a team of over 77,000 colleagues. They operate under retail brands including B&Q, Castorama, Brico…