MICROSOFT 365 SOLUTION AS ADD-ON
The all-in-one IFRS 16 Solution
Make accounting for leasing and rental agreements under IFRS 16 easier, save time and ensure accurate financial reporting with our user-friendly all-in-one IFRS 16 system.
With the introduction of the IFRS 16 standard for lease agreements, companies have experienced an extensive impact on their accounting and finance processes, systems and financial reporting.
Share Control’s IFRS 16 software solves this.
ShareControl’s IFRS 16 solution:
- Import of lease contract data.
- Guided process for determining lease classification
- Automated calculations.
- Periodic adjustments and accounting entries.
- Integrates to your accounting or consolidation system for automatic reporting.
- Reporting also possible via Power BI and Excel
- Includes audit trail for periodic and annual changes.
Get a demo of IFRS 16
Simple import of new leases
Easy import of leases from other systems.
The import captures lease agreement data such as lease period, payment schedule, interest rate and other necessary information for calculations. If all the required information is not available in the contract, it can be added manually after the import is complete.
Advantages of the ShareControl IFRS 16 system
Simple administration and control of the company’s lease agreements and IFRS 16 obligations
Our solution is built on Microsoft 365 and easily accessible in Sharepoint. This makes it easily auditable for auditing and internal control.
Our professional expertise provides security for you as a customer. We have extensive experience in IFRS 16 reporting for large and small companies.
Easy identification and classification of leases
The ShareControl IFRS 16 solution guides you through a step-by-step process that helps you ensure the correct identification and classification of your leases.
Automated calculations of rental liability and asset for right of use
The Share Control IFRS 16 solution will also calculate the value of the asset for right of use at the start of the lease. This includes the initial amount of the lease liability, in addition to any lease payments made at or before the start of the lease, less any lease incentives received.
Automatic periodic adjustments and bookkeeping entries
Accounting entries will be specified or automatically registered via the integration with your accounting system.
For each lease payment made, the lease liability will be reduced and an interest charge will be calculated based on the remaining liability. The asset for the right of use will also be depreciated over the lease period.
Easy and automatic transfer of bookkeeping entries to the most used accounting and reporting systems can be connected.
Option to correct errors in previous periods with cumulative effect in the selected accounting period.
Update financial reports automatically
The Share Control IFRS 16 solution will automatically generate the necessary accounting entries and reports, including depreciation plans and other important rental measurement values, so you can easily manage your rental portfolios and meet your financial reporting requirements.
Watch a quick demo
If you need a demonstration of specific IFRS 16 features such as reporting, options for integration with your accounting and reporting tools, we would be happy to show you more.
Integrates with your other financial systems
The ShareControl IFRS 16 system is a Sharepoint add-on to your own Microsoft 365 platform, and integrates with your existing accounting and consolidation/reporting system.
With a seamless integration, you can completely automate your accounting entries and financial reporting.
Extended functionality with IFRS 16 Pro:
Power BI solution – analyzes and reports and simplified access to contracts, metadata and calculations.
Secure data storage in your own Microsoft 365 environment
ShareControl IFRS 16 is an addition to Sharepoint. Simply put, it’s like a SharePoint app added on top of your existing Microsoft 365.
This means that all your data is stored within your own secure network, on your Microsoft 365 platform with your own user access control.
Data processor agreement – No additional data processor agreement is required beyond your current Microsoft 365 agreement.
What would you like to learn more about?
We Help You Get Started
Because ShareControl IFRS 16 is a Microsoft 365 add-on, the setup is very “smooth”. We load the ShareControl app and help you configure IFRS 16 to meet your needs.
We’ll also help you transfer data and documents to our Microsoft 365 add-on, so you’re up and running quickly.
ShareControl can report via Excel-VBA and Power BI. If you need integration to your consolidation or accounting system such as Cognos, SAP, HFM, Visma, Agresso or others, then we can help.
Configure to match the IFRS 16 process, contract types, metadata for reporting needs and more.
We help you transfer your contracts so that all the data is in one place in the Microsoft Office 360 environment.
Optional integration to major reporting and financial systems such as SAP, Visma, HFM, Cognos, etc.
You get training and support as part of the setup and access to our large library of guides for ongoing training.
Our solutions for CFOs
All contracts in one place, simple overview and control throughout the contract’s life cycle.
Secure and efficient document sharing and collaboration with board members
One place for easy access and management of all documents.
A place to handle all data and processes around the Transparency Act