IFRS 16 logo

IFRS 16

by House of Control
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ActiveAvailable globallyCloud
Quick facts
VendorHouse of Control
Year launched
StatusActive
LocationHøvik, Bærum
Countries servedGlobal
Languages10
Integrations
Free tier
Free trial
Contact salesYES

About IFRS 16

IFRS 16 is a lease accounting software from House of Control that provides functionalities needed to maintain IFRS 16 compliance. It includes contract management, complete control over lease agreements, and lease accounting features for both IFRS 16 and FRS 102. This helps organizations collect and centralize lease agreement data while eliminating the need for complicated spreadsheets. The software supports effective lease management and reporting, allowing users to easily navigate their compliance responsibilities. Key capabilities: Contract Management Software Complete Control IFRS 16 Software Lease Accounting FRS 102 Software Lease Accounting CSDD Directive Best for: finance professionals and accounting teams that need to manage lease agreements and ensure compliance with IFRS 16 requirements.

**IFRS 16 by House of Control: A Comprehensive Review** **Introduction** IFRS 16 by House of Control is a specialized lease accounting software meticulously designed to streamline the complexities associated with IFRS 16 compliance. Aimed at large enterprises and finance departments, this software centralizes lease data, automates intricate calculations, and generates comprehensive reports. Its robust functionality and user-friendly interface make it a powerful tool for businesses managing extensive lease portfolios. **User Interface and Ease of Use** The user interface of IFRS 16 by House of Control is a standout feature, offering a clean, intuitive design that caters to users of all experience levels. The dashboard is organized with clearly labeled tabs, making navigation between sections such as lease data, reports, and settings seamless. The design prioritizes simplicity without sacrificing functionality, which is essential for users managing complex financial data. The responsive design ensures that the software adapts well to various screen sizes, making it accessible whether used on a desktop, tablet, or mobile device. Additionally, the software includes guided workflows, which are invaluable for new users.

Pros & Cons

What users like
  • +Centralized lease data management
  • +Automated calculations and adjustments
  • +Comprehensive and customizable reporting
  • +Secure cloud environment
  • +Time and risk reduction in compliance processes
What users flag
  • Specific pricing plans not listed
  • No information on in-app marketplace
  • Limited details on integrations
  • No specific languages listed
  • No information on mini apps

Features

Key features

Centralized Lease Data
Collect and centralize lease agreement data in a secure cloud environment.
Automated Calculations
Automatically generate accurate figures and apply correct adjustments.
Comprehensive Reporting
Generate a wide range of reports for different periods and subsidiaries.
Time and Risk Reduction
Save time and reduce the risk of non-compliance with automated processes.
Custom Reports
Build custom reports to suit specific needs.

Additional features

Centralized Lease Data
Secure and structured database for easy retrieval.
Automated Calculations
Automatically adjust figures for price index changes and account for extension options.
Comprehensive Reporting
Generate monthly, quarterly, or yearly estimates.
Custom Reports
Create tailored reports.
Secure Cloud Environment
Access-controlled user rights for collaboration.
Compliance with IFRS 16
Ensure compliance with IFRS 16 requirements.
Export or Audit Ready
Make figures ready for export or audit.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
8
Billing currencies

Interface languages

EnglishFrenchSpanishGermanItalianDutchPortugueseKoreanJapaneseChinese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇨🇳CNY🇯🇵JPY🇮🇳INR

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