Lease accounting software that powers compliance
Achieve IFRS 16 and ASC 842 compliance with ease. With IRIS Lease Accounting, businesses can easily automate compliance with the latest lease accounting standards,
transform leasing processes, align strategies across an organisation, and improve leasing outcomes.
End-to-end IFRS 16 and ASC 842 lease accounting software
IRIS Lease Accounting is a proven solution that simplifies compliance with the IFRS 16 and ASC 842 standards. From publicly listed companies to public sector bodies, thousands of finance professionals around the world rely on IRIS Innervision to transform their leasing processes, centralize their data and automate lease accounting compliance.
Replace ineffective spreadsheets and easily comply with the latest lease accounting standards, IFRS 16 and ASC 842, this year and every year.
Transformational lease accounting processes that put you in total control across the entire lease life cycle.
Centralised lease data
Centralise and view your entire lease portfolio in real-time and maintain compliance as your leases change.
Proven technology that delivers fast, accurate disclosure and reporting, first time every time.
Features that change the way you manage IFRS 16 and ASC 842 compliance
Give your team the tools, features, and reporting suite they need to successfully manage lease accounting compliance with confidence – all from one place
IRIS Lease Accounting is a leasing subledger which records all leasing transactions in a transparent fashion, generating the lease accounting outputs for upload into your ERP or multiple ERP systems with ease.
As change take place, the system will calculate adjustments to the right-of-use asset and lease liability and produce general ledger postings that reflect the amendment accordingly.
Amortisation & depreciation schedules
At lease inception, the system creates a right of use (ROU) asset and amortization schedule displaying how the lease asset is depreciated and liability amortized over time. With each in-life change or modification, a new ROU asset schedule and liability amortization is created.
Flexible calendars that support and align with your company-specific accounting frequencies i.e., standard calendar, retails and manufacturing calendars (5-5-4, 4-4-5, 13-week 4-4-4) or any bespoke accounting calendar required for your business.
Accurate disclosures and audit trail reporting
A full suite of out-of-the-box accounting and standard reports for disclosures and forecasting for IFRS 16 and ASC 842. Whether it be a disclosure reports, portfolio run-off reports for forecasting, or detailed audit reports, the system had you covered.
Lessee & Lessor accounting
Address both lessee and lessor accounting requirements for both IFRS and FASB standards, across all asset categories.
Covid-19 rent concession
In-built functionality that accommodates both the IASB and FASB COVID-19 Rent Concessions amendments for the IFRS 16 and ASC 842 lease accounting standards.
End of lease notifications
Receive notifications when key dates are approaching, lease due to expire or action is required. Actively manage expiring leases to avoid overpayments and unwanted extensions.
Why IRIS Innervision Lease Accounting
We’ll help ensure you comply with ASC 842 & IFRS 16 while enhancing your lease accounting processes
Fast & simple Implementation
Guaranteeing your solution implementation is timely, simple, and a stress-free experience
Intuitive lease accounting software that simplifies and automates compliance
Comprehensive automation, real-time calculations and reporting. Providing everything you need for effective lease accounting compliance and improved leasing decisions
More than just software – Experienced accountants and leasing experts supporting you across the entire compliance process
Empowering global brands
Our lease accounting software is trusted by FTSE 100 and internationally listed companies.
Don’t just take our word for it
What our customers are saying.
“Today more than ever in business, I have an expectation that a service provider like IRIS Innervision will bring value-add to any organisation over and above the high standard of processing and reporting, particularly when it relates to leasing, which can be such a minefield for those not in that sector. Innervision does all of this and more for us in Capgemini, which is why we value our relationship.”
Tony Deans, Capgemini