Imagine 3.3 Trillion dollars of assets and liabilities just appearing on Balance Sheet of companies worldwide- overnight. This is what will happen on January 2019 as the new leasing standards ASC 842 and IFRS 16 take effect.
Bramasol’s deep industry knowledge and over 21 years of SAP experience is why the Fortune 1,000 chose us to enable them to comply with the new ASC 842 and IFRS 16 Standards for Lease Accounting. We help companies transform compliance into competitive advantage.
But what if you are SME and Need to comply with ASC842 and IFRS16? That too Quickly? Easily? and in Budget?
If you are one amongst them and looking for solutions for Operating or Real Estate Leases, Bramasol can help!
As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built Rapid Leasing Compliance Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance.
This offering is designed for companies with up to 300 leases and includes:
5 Basic Scenarios for Real Estate, Movables, or both
Set-up of Nakisa and/or RE-FX
Standard data & document loading
Standard out-of-the-box disclosures and reports for ASC 842 or IFRS 16
Implementation time: 9 weeks
Cost: $ 160,000 – $ 180,000 (* Software cost is not included)
The SAP Real Estate Management (RE-FX) solution is fully integrated sub component of SAP Finance that provides a simplified approach to the leasing solution landscape by elimination of complex financial interfaces, reduction in the application numbers and real-time valuation of finance leases.
SAP Lease Administration by NAKISA
SAP Lease Administration by Nakisa is a purpose built end-to-end lease accounting and administration solution that provides access to company-wide lease data, with the visibility and traceability needed to support and comply with new regulatory standards.