PowerPlan Description
PowerPlan's Lease Accounting Solution Suite assists companies in determining their optimal adoption strategy for ASC 842 or IFRS 16 lease accounting standards. The solution can be used with multiple accounting methods, including GAAP and IFRS. You can use scenario analysis to analyze different adoption scenarios in order to determine your strategy for adopting new lease accounting standards. All capital and operating leases including equipment and purchase power agreements, should be managed. Eliminating manual tasks and ensuring accurate billing, reporting, and documentation reduce audit risk. Integrated invoice creation with billing departments provides better traceability and recognition for receivables. Automate all types of lease calculations, including dynamic and variable rate lease calculations.
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