CCH Tagetik - Lease Accounting: IFRS16 and ASC842

All Lease Types. Pre-packaged Lease Accounting Compliance.

Overview

Accelerate the Financial Reporting of Leases

Improve transparency and address IFRS16 and ASC842 compliance with a solution that is quick to implement and easy to use. CCH Tagetik Lease Accounting is a pre-configured starter kit that provides you with all the functionality to create a centralised repository for lessee, lessor, and sublease information and process lease data of all types –including real estate, fleet, equipment and more.

Flexible and ready for you to extend, CCH Tagetik Lease Accounting software provides a lease accounting hub including data repository, calculation modelling, reporting,disclosures and workflow. Built for finance, users can easily adapt to changes without coding. Whether you have tens, hundreds, or thousands of leases, CCH Tagetik's powerful data engine processes your granular contract data and makes complex compliance easy.

CCH Tagetik - Lease Accounting: IFRS16 and ASC842

Key Capabilities

Choose your preferences. Capture your data. Get your results. CCH Tagetik Lease Accounting is a ready-to-use solution that supports all transition methods with pre-built functionality.

 

  • Simplify compliance with end-to-end solution
  • Asset level drill-down and analysis
  • Planning and what-if scenarios
  • Automates compliant journals and disclosures
  • Boost efficiency with workflow and audit trail

Key Reasons

3 reasons why CCH Tagetik Lease Accounting: IFRS16 and ASC842 lets you focus on your Business:

  • Get compliant quickly - Manage leases quickly and accurately. Simplify compliance with a unified solution that includes a powerful data engine, calculations, reports and disclosures controlled by workflow and audit trail. Graphically impact on balance sheet and P&L using different scenarios.
  • Fast, Accurate, Calculations - With a pre-configured data model and calculations for all lease types, you can quickly see impact on financial statements, run scenarios and drill-down to account and contract level for analysis.
  • Leasing Data repository- Seamlessly plug into G/Ls, lease management and other systems to centralise all lease assets for in a single trusted source to serve out accurate leasing data for use in other processes.

Key Benefits

Thousands of leases, one central database. No matter how many currencies, ERP systems, or charts of accounts you’re juggling, CCH Tagetik handles complex lease accounting processes by centralising lease data in a simple, flexible solution that's easy-to-use.

  • Unify ERP data and manage multiple charts of accounts
  • Produce reports on actuals and forecasts quickly
  • Manage multiple currencies with built-in intelligence
  • Model lease data to make better leasing decisions
  • Align all stakeholders with trusted reports
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Technology in Action

CCH Tagetik IFRS16 & ASC842 Lease Accounting

Our Credentials

  • Strategic Partner since 2008 Tagetik launch in UK.
  • Certified Platinum status and Country Awards winner.
  • 12th Year  - Successful Delivery of CCH Tagetik Projects.
  • Over 150+ distinct projects across CCH Tagetik Consolidation and Budgeting/Planning Projects including first wave of IFRS16 and IFRS17 engagements.
  • Leading AIH practitioners.
  • Connected at every level in CCH Tagetik ecosystem. Strong relationship with Tagetik C-Level and Product Development.
  • Demonstrable Road-Map Influence.
  • Conduct Tagetik Prospect Workshops, Clinics and Customer Forums.
  • Package Development and IP.

Rapid Time to Value with INSIGHT Solutions

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