Real estate leases: Accounting and business considerations for implementation under ASC 842/IFRS 16

With only a few months remaining to get ready for compliance with ASC 842 and IFRS 16, companies need to start their implementation projects as soon as possible. As a co-innovation partner with SAP and a leader in delivering purpose-built compliance solutions, Bramasol has worked closely on the development and deployment of lease accounting compliance capabilities.

For companies that need to manage real estate assets as well as moveable assets such as equipment, we recommend SAP Contract and Lease Management, which is tightly integrated with existing SAP platforms and can also interface to other legacy ERP and financial systems.

Key three benefits of SAP Contract and Lease Management include: