The VIENNA Advantage Lease Accounting solution has been especially designed for IFRS 16, ensuring complete and effective financial and accounting compliance. With VIENNA Advantage Lease Accounting tool, IFRS 16 is easily implemented through a non-disruptive process that provides assistance to the lessee and the lessor across all their accounting requirements.
Allows accuracy and precision in accounting
Handles all computational and modelling needs effectively
Describes disclosure and reporting elaborately
Monitors and tracks processes constructively
The method of straight-lining is no longer relevant to compute lease costs. Moreover, Excel is no longer the savior of the finance department!READ WHITEPAPER keyboard_arrow_right
VIENNA Advantage Lease Accounting solution enables companies with significant leasing operations and keeps all reporting and transactional aspects IFRS 16 compliant.
The transition from IAS 17 to IFRS 16 is a challenging process, especially for large organizations with a number of permutations to consider. VIENNA Advantage Lease Accounting solution provides a host of different transition options including many individual options and practical expedients that are especially beneficial for the lessee.
Large organizations manage a huge amount of reportable leases across different subsidiaries. The Lease Accounting Solution from VIENNA Advantage is a user-friendly system that allows for seamless collating of data from multiple sources under one big umbrella, managing calculations, modelling, accounting and reporting.
The Lease Accounting solution from VIENNA Advantage has the responsibility to converge and harmonize GAAP which follows a rule-based approach with IFRS 16, which follows a principle-based approach creating a consistent financial reporting module across the organization irrespective of jurisdictions.
VIENNA Advantage lets you customize the cloud ERP solution based on your specific requirements.
Decide how, when and to which version to upgrade.
Import and export your data when required, and integrate your solution with other apps and add-ons through VIENNA Advantage Marketplace.
VIENNA Advantage Enterprise Cloud Suite guarantees significantly lower TCO and shorter implementation time that leads to additional productive usage of the cloud ERP. Maximize the ROI from investment without sacrificing on the core ERP functionality.
Pay as much as you use and manage your running cost more efficiently. No need for upfront purchases of database storage slots.
VIENNA Advantage Enterprise Cloud Suite has a simplified licensing model affordable for all subsidiaries in a group, regardless of their individual revenue.
VIENNA Advantage Enterprise Cloud Suite is the intelligent choice for large organizations consisted of multiple companies.
With the ERP solution being the backbone of our clients’ organizations, switching to VIENNA Advantage makes it easier for them to pursue their digital transformation initiatives.