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Easily manage your lease contracts in compliance with IFRS 16, ASC 842, and HGB. Automate your calculations with Envoria’s Big4 certified lease accounting software module.

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Manage all lease accounting needs with Envoria

Envoria's Lease Accounting software module supports both lessees and lessors, helping businesses to comply with IFRS 16, ASC 842, and HGB by streamlining contract management and financial reporting.

Lease Accounting for lessees

Envoria’s Lease Accounting module helps lessees manage lease agreements under IFRS 16, ASC 842, and HGB compliance. Capture and account for lease liabilities and right-of-use assets, ensuring all postings are accurately reflected through automated lease accounting processes for efficient compliance.

Lease Accounting for lessors

Optimize your lease agreements as a lessor under IFRS 16, ASC 842, and HGB standards. Use Envoria’s lease asset management features to manage assets and capture rental income accurately. Structured posting processes ensure a transparent and compliant representation of your leasing activities.

Cover all leasing-related work areas

Diverse contract types

Envoria supports a wide range of lease-related contract types, including Lessee, Lessor, Sublease, and Sale and Leaseback. Whether you are managing leases as a lessee or lessor, handling sublease arrangements, or navigating sale and leaseback transactions, Envoria’s software ensures accurate and compliant lease accounting.

Additional agreements

Envoria’s lease management software goes beyond standard lease accounting by managing additional agreements, including purchase options, extension and termination options, residual value guarantees, and decommissioning obligations, while accurately tracking and accounting for variable lease payments.

Contract modifications

Envoria enables effortless management of lease contract modifications, with each version securely saved for audit purposes. Whether you are implementing prospective contract modifications or correcting retrospective errors, the software offers you seamless navigation between versions, ensuring precise accounting adjustments.

IFRS 16 expertise integrated in Envoria

While Excel templates may have sufficed for the initial IFRS 16 application, ongoing complexities and prescribed note disclosures require a professional lease accounting solution.

Envoria's IFRS 16 software module, featuring integrated upstream contract management, provides a highly efficient tool for lease contract classification, booking, and disclosure across all lease types. Envoria supports businesses through every step of their IFRS 16 compliance process with deep IT expertise and extensive lease accounting experience, ensuring compliance.

Cover both IFRS 16 perspectives

While lessees must ensure the accurate recognition of assets and liabilities, lessors need to focus on the efficient management of their receivables and the structuring of lease agreements. Envoria's IFRS 16 software module addresses both use cases.

IFRS 16 software for lessees

Contract management: Capture and centrally manage lease agreements, including all relevant contract details and conditions.

Timely data capture: Automate data capture for quick recognition of the financial impacts of changes in your lease agreements.

Lease liability calculations: Perform accurate calculations for lease liabilities in full compliance with IFRS 16 standards.

IFRS 16 software for lessors

Receivables management: Capture and manage your rental and leasing receivables using automated processes for efficient lease accounting.

Lease asset management: Centrally capture and manage assets under lease agreements for accurate balance sheet reporting.

Revenue recognition: Get automated assistance in correctly applying revenue recognition rules according to IFRS 16.

Special lease accounting features

Designed to reduce reporting complexity and increase efficiency.

Full integration

Seamlessly integrate Envoria’s lease accounting solution into your existing system landscape with full API capability (Web/REST) and tool-specific interfaces.

Automation

Use manual data entry, semi-automated (Excel upload) or fully automated processes to accommodate diverse workflows and data availability scenarios.

Configuration

Use preconfigured reporting templates or integrate your own KPIs and dashboards to monitor your and compare financial data over time.

Certification

The IFRS 16 module is Big4 and ISAE 3402 certified, ensuring that the software meets the highest security, data management, and audit standards.

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Helpful resources for lease accounting

Financial Reporting

Master your lease accounting under IFRS16