Finance

Manage IFRS 16 and ASC 842 compliance with ease

Control your entire lease accounting process with Board

Lease accounting Software screen
The screen shows an example of Lease Accounting Application built with Board

All-in-one IFRS 16 and ASC 842 lease accounting software

Board Lease Accounting enables companies to achieve IFRS 16 and ASC 842 compliance with ease, taking care of the entire process of data management, calculation, simulation, and reporting. Make light work of the production of accurate accounts for rented/leased property and equipment, remove non-compliant Excel spreadsheets, and automate time-consuming manual processes.

  • Get up-and-running, fast

    Board Lease Accounting is a pre-built solution which integrates easily with existing data architectures, bringing all your data together to create one version of the truth

  • Achieve complete process and user control

    Easily monitor IFRS 16 and ASC 842 processes via a user-friendly dashboard, ensure deadlines are met with an inbuilt alerting system, and define user capabilities and the segregation of duties through customizable user settings

  • Easily model different scenarios

    Ensure you take the best possible decision by simulating the impact of different scenarios; all IFRS 16 and ASC 842 calculations are generated by the solution, with full currency conversion capabilities

Sample of Contract Management Software Screen
The screen shows an example of Contact Management Application built with Board
Sample of Lease Accounting Bridge Reporting Screen
The screen shows an example of Lease Accounting Bridge Report built with Board
  • Deliver fast, accurate disclosure and reporting

    Rigorously calculate and disclose for IFRS 16 and ASC 842 from a single lease data repository in the required ASC or IFRS reporting format, with built-in BI functionality to visualize and analyze the numbers to help you make better decisions

  • Simplify contract lease management

    Simplify the management of lease contracts with a fully supported process that provides a collection, calculation, and documentation base for your accounting consolidation entries

  • Analyze and report with ease

    Produce comprehensive analyses and reports with speed, using inbuilt Business Intelligence capabilities to drill down to the lowest level of detail as required

Everything you need for effective lease accounting

Application controls over processes

Contract applicability according to IFRS 16 and ASC 842 checklists

Contract data uploading from different sources

Alerting data manager

Fiscal period management

Automatic journal calculation

Posting to different ERP systems

Currency conversion at transaction, local, or group level

Creation and comparison of unlimited scenarios

Different approaches available for journal calculation

Unlimited possibility to create reports, dashboards, and charts

User capabilities management

Ensuring lease accounting compliance at leading organizations
Customer success story: SEB

Lease accounting as part of wider finance transformation

We have many projects in mind with Board, which meets our expectations in every way.
Conad Nord Ovest
Conad Nord Ovest
Eolo
Gruppo Credito Valtellinese
Gruppo Credito Valtellinese
Lease accounting resources