Many companies are currently at the start of their IFRS16 projects. Some are still evaluating tool alternatives, others are already in the middle of their implementation projects. Stampa Group is directly involved in a number of major IFRS16 implementations. In our upcoming online session we will introduce the latest release of SAP Lease Administration by Nakisa, a tool that not only offers a central lease administration plattform, but at the same time integrates directly into the ERP-systems of the company. We will also discuss those factors which, to our experience, can determine the effort and risks involved in an IFRS16 implementation .
The new lease accounting standard will bring significant change to processes and systems. Experience shows that respective projects are underestimated, and that the ideal tool support is difficult to find.
After our first online demo we received requests to schedule another session for additional participants. We are now offering a second online demo of how SAP can handle Lease Administration on 23rd May at 11 am CET.
Your company will have to comply with the new IFRS16 standard? Your respective processes are not yet clearly defined? This paper explains the key challenges you will be facing and how an optimized tool support should look like. It discusses why most of the existing solutions are not ideally suited to support IFRS16. And it concludes by presenting an interesting, SAP-based lease management solution.