You have complied with ASC 842

but want to Optimize and Tune what you have?

Self-Assess your Lease Accounting solution Now

1
2
3
4
5
6
7
8

Get the insights and value you deserve from your Lease Accounting solution. It has been estimated that over 15% of total lease expenditures per year are wasted on evergreen leases, termination fees and paying for items that you should not, let alone costs from manual workarounds and fixes. This can amount to 100’s of thousands if not millions of dollars a year. We will help you pinpoint how to gain maximum benefit from your lease solution.

Now that you have complied with the standards, get the real value out of your Lease Accounting solution through Optimization. Since the new leasing standards-setting process began, Bramasol has been at the forefront of addressing critical issues to help our customers get ready for both IFRS 16 and ASC 842.And our clients often come to us asking about how they can improve and get better insights on contracts and other areas you need to compete and win.

The first steps in undertaking is a Health check that addresses the organization, structure, and human factors in your solution implementation.

We have developed a self-assessment questionaire to help target opportunities to increase efficiency and save money through Optimizations.

Why Choose Leasing Health Check

  • You are on SAP and want to Optimize and Tune what you have

  • You are Not on SAP and spend too much time on integrations, reconciliations and manual work arounds from solutions that are not integrated with your ERP

  • You are on SAP ECC and want to move to SAP S/4HANA and want a perspective on what do to

You have complied with ASC 606

but want to Optimize and Tune what you have?

Self-Assess your Lease Accounting solution Now

1
2
3
4
5
6
7
8

Get the insights and value you deserve from your Lease Accounting solution. It has been estimated that over 15% of total lease expenditures per year are wasted on evergreen leases, termination fees and paying for items that you should not, let alone costs from manual workarounds and fixes. This can amount to 100’s of thousands if not millions of dollars a year. We will help you pinpoint how to gain maximum benefit from your lease solution.

Now that you have complied with the standards, get the real value out of your Lease Accounting solution through Optimization. Since the new leasing standards-setting process began, Bramasol has been at the forefront of addressing critical issues to help our customers get ready for both IFRS 16 and ASC 842.And our clients often come to us asking about how they can improve and get better insights on contracts and other areas you need to compete and win.

The first steps in undertaking is a Health check that addresses the organization, structure, and human factors in your solution implementation.

We have developed a self-assessment questionaire to help target opportunities to increase efficiency and save money through Optimizations.

Leasing Health Check

Why Choose Leasing Health Check

  • You are on SAP and want to Optimize and Tune what you have

  • You are Not on SAP and spend too much time on integrations, reconciliations and manual work arounds from solutions that are not integrated with your ERP

  • You are on SAP ECC and want to move to SAP S/4HANA and want a perspective on what do to

Why Choose Leasing Health Check

What is the Bramasol Lease Accounting Health Check

Our lease accounting and management health check is a guided process resulting in a comprehensive evaluation of your Lease (movables and real estate) Accounting and Management eco-system by our team of experts across 4 main dimensions:

Accounting

Evaluates key accounting decisions, processes, procedures and policies for alignment with appropriate regulatory (FASB/IASB), accounting, or audit guidelines. Looks at short/long-term leases, finance leases, IBR, lease-in and lease out and other decision points.

Functional

Considers at how your solution was implemented and evaluates if it is aligned with accounting decisions. Careful focus given to understanding lease types, contract types, fleet and master leases, contract modifications, use of non-fiscal calendars, CAM, unique terms including CPI based pricing, etc…

Reporting

Looks at your ability to produce appropriate statutory, (IFRS 16 or ASC 842 disclosure) reports, management, and operational reporting and recommends improvements

Technical

Evaluation of the technical aspects of your lease (real estate and movables) accounting and management eco-system including current version, SAP version, interfaces and data sources, landscape, data archiving and security and SOD. Consider any customizations or workarounds for remediation

What is the Bramasol Lease Accounting Health Check

Our lease accounting and management health check is a guided process resulting in a comprehensive evaluation of your Lease (movables and real estate) Accounting and Management eco-system by our team of experts across 4 main dimensions:

Accounting

Evaluates key accounting decisions, processes, procedures and policies for alignment with appropriate regulatory (FASB/IASB), accounting, or audit guidelines. Looks at short/long-term leases, finance leases, IBR, lease-in and lease out and other decision points.

Functional

Considers at how your solution was implemented and evaluates if it is aligned with accounting decisions. Careful focus given to understanding lease types, contract types, fleet and master leases, contract modifications, use of non-fiscal calendars, CAM, unique terms including CPI based pricing, etc…

Reporting

Looks at your ability to produce appropriate statutory, (IFRS 16 or ASC 842 disclosure) reports, management, and operational reporting and recommends improvements

Technical

Evaluation of the technical aspects of your lease (real estate and movables) accounting and management eco-system including current version, SAP version, interfaces and data sources, landscape, data archiving and security and SOD. Consider any customizations or workarounds for remediation