Accelerate the financial reporting of leases with CCH Tagetik
Improve transparency and address IFRS 16 and ASC 842 compliance with a solution that is quick to implement and easy to use. CCH Tagetik Lease Accounting is a pre-configured starter kit that provides you with all the functionality to create a centralized repository for lessee, lessor, and sublease information and process lease data of all types – including real estate, fleet, equipment and more.
Flexible and ready for you to extend, CCH Tagetik Lease Accounting software provides a lease accounting hub including data repository, calculation modeling, reporting, disclosures and workflow. Built for finance, users can easily adapt to changes without coding. Whether you have tens, hundreds, or thousands of leases, our powerful data engine processes your granular contract data and makes complex compliance easy.
3 reasons why CCH Tagetik Lease Accounting (IFRS 16 & ASC 842)
let's you focus on your business
Get compliant quickly
Manage leases quickly and accurately. Simplify compliance with a unified solution that includes a powerful data engine, calculations, reports and disclosures controlled by workflow and audit trail. Graphically view assets, liabilities, expenses, depreciation and interest expense to show the impact on balance sheet and P&L using different scenarios.
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.
CCH Tagetik Lease Accounting Software 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
Key benefits of CCH Tagetik Lease Accounting Software
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.
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