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Overview
ShareControl IFRS 16 streamlines lease accounting by automating complex calculations and seamlessly integrating with Microsoft 365. While the software does not function without an internet connection, its user-friendly interface ensures efficient lease management and reporting, allowing businesses to achieve long-term growth.
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Starting Price
Custom
ShareControl IFRS 16 Specifications
- Document Management
- Expense Tracking
- Reporting and Analytics
- Alerts/Notifications
What Is ShareControl IFRS 16?
ShareControl IFRS 16 software enhances lease accounting while complying with IFRS 16 standards. The platform offers features like automated lease classification, calculation of right-of-use assets and lease liabilities, and integration with financial reporting systems, allowing real estate agents and financial industries to enhance their operational efficiency. It also simplifies the management of lease agreements, ensuring accurate and timely financial reports are provided to users to create data-driven strategies for sustained growth.
ShareControl IFRS 16 Pricing
ShareControl IFRS 16 Integrations
ShareControl IFRS 16 integrates with the following:
- Microsoft 365
- Power BI
- Excel VBA
- SAP
- Cognos
- HFM
- Visma
Who Is ShareControl IFRS 16 For?
ShareControl IFRS 16 is suitable for the following:
- Financial sector
- Real Estate
- Small-to-medium enterprises
Is ShareControl IFRS 16 Right For You?
ShareControl IFRS 16 software is suitable for businesses aiming to optimize their lease accounting processes. The platform smoothly integrates with Microsoft 365, ensuring secure data storage and easy access. Its automation reduces manual errors, saving time and resources. Additionally, its comprehensive reporting capabilities facilitate compliance with IFRS 16 standards.
Still in doubt if ShareControl IFRS 16 is right for you? Contact our customer helpline on (661) 384-7070 for further guidance.
ShareControl IFRS 16 Features
Automated Lease Classification
ShareControl IFRS 16 provides a guided process to determine lease classifications, ensuring compliance with IFRS 16 standards. The solution helps distinguish between finance and operating leases, facilitating accurate financial reporting.
Automated Calculations
The software calculates the value of right-of-use assets at the start of the lease. It also calculates interest charges based on the remaining lease liability and depreciates the right-of-use asset over the lease period, reducing manual errors and saving time.
Integration With Financial Systems
The platform integrates with various accounting and reporting systems, automating accounting entries and financial reporting. It also allows for easy and automatic transfer of general ledger postings to commonly used accounting and financial reporting systems, optimizing data transfer and reporting.
Audit Trial
The system’s audit trail feature tracks changes and ensures transparency in lease management. It maintains a comprehensive record of periodic and annual changes, simplifying the auditing process and enhancing internal control.
Pros And Cons of ShareControl IFRS 16
Pros
It integrates with various financial tools
The software automates lease calculations, enhancing efficiency
The platform has comprehensive reporting capabilities
The system has a user-friendly interface
Cons
The platform does not function properly without an internet
The software’s initial setup requires time and effort
It requires an additional Microsoft 365 subscription
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Frequently Asked Questions
Does ShareControl IFRS 16 has a mobile app?
No, ShareControl IFRS 16 does not offer a mobile app.
What other apps does ShareControl IFRS 16 integrate with?
ShareControl IFRS 16 integrates seamlessly with Microsoft 365, Power BI, Excel VBA, SAP, Cognos, HFM, Visma, and more.
What types of pricing plans does ShareControl IFRS 16 offer?
ShareControl IFRS 16 cost is tailored to business needs. Customers can browse ShareControl IFRS 16 pricing to proceed with the best subscription plan.
What level of support does ShareControl IFRS 16 offer?
ShareControl IFRS 16 offers support through contact, customer support, Knowledge lookup, news, and email.
Who are the typical users of ShareControl IFRS 16?
The typical users of ShareControl IFRS 16 include industries like the financial sector, real estate, and small-to-medium enterprises.
Does ShareControl IFRS 16 offers an API?
No, ShareControl IFRS 16 does not offer an API.
What language does ShareControl IFRS 16 support?
ShareControl IFRS 16 supports English language only.