3 reasons why CCH Tagetik Lease Accounting (IFRS 16 & ASC 842) let's you focus on your business
Smith & Nephew
We are very happy with this solution. We’re sourcing IFRS 16 data, leasing contracts from other existing systems and databases, and we post into our existing SAP systems. The key benefit we’re experiencing is that we’re compliant and compliant in the easiest way possible.
We looked at a number of different accounting solutions. We very quickly saw that some could not cope with a lot of currencies. They could not cope with multiple charts of accounts. Then we saw that CCH Tagetik could cope with all of these things. It has a strong accounting engine, great reporting capabilities, and it just seemed to tick all of the boxes.
We had around three thousand leases to cover, so we knew that Excel was not going to cut it. We wanted a standard global solution to know that everyone was using data consistently. With CCH Tagetik, we can write reports that configure to our needs, use global data — almost at the punch of the button — and we get reports out that feed our consolidation system.
Lease Accounting Demo
Choose your preferences. Capture your data. Get your results. CCH Tagetik Lease Accounting is a ready-to-use solution that supports all transition methods with pre-built functionality.
- Simplify compliance with end-to-end solution
- Asset level drill-down and analysis
- Planning and what-if scenarios
- Automates compliant journals and disclosures
- Boost efficiency with workflow and audit trail
Thousands of leases, one central database. No matter how many currencies, ERP systems, or charts of accounts you’re juggling, CCH Tagetik handles complex lease accounting processes by centralizing lease data in a simple, flexible solution that's easy-to-use.
- Unify ERP data and manage multiple charts of accounts
- Produce reports on actuals and forecasts quickly
- Manage multiple currencies with built-in intelligence
- Model lease data to make better leasing decisions
- Align all stakeholders with trusted report
Lease Accounting: IFRS 16 & ASC 842 Resources
CCH Tagetik's Lease Accounting: IFRS 16 & ASC 842 is trusted by leading companies across all industries.