Retail

Lease accounting and lease management
designed for the retail sector

MANAGING YOUR
RETAIL LEASE PORTFOLIO

Most retailers are prolific lessees with a large number of leases and sub-leases across their flagship stores and shopping mall, airport and regular outlets. We know how important it is to manage your portfolios as closely as possible  – especially when it comes to making informed decisions around growing your business.

With leases, sub-leases and franchise agreements stored in all manner of places, it can be difficult, if not impossible, to produce accurate, useful, consolidated reports on your retail property and asset portfolios and to manage them efficiently.

 

MANAGING YOUR
RETAIL LEASE PORTFOLIO

Most retailers are prolific lessees with a large number of leases and sub-leases across their flagship stores and shopping mall, airport and regular outlets. We know how important it is to manage your portfolios as closely as possible  – especially when it comes to making informed decisions around growing your business.

With leases, sub-leases and franchise agreements stored in all manner of places, it can be difficult, if not impossible, to produce accurate, useful, consolidated reports on your retail property and asset portfolios and to management them efficiently.

 

Schedule a demo with IFRS 16 experts

CHANGES TO LEASE
ACCOUNTING – IFRS 16

If lease management wasn’t challenging enough, businesses operating in the retail sector are faced with the adoption of IFRS 16, the new lease accounting standard – effective 1 January 2019, which could make leases the most material item on your balance sheet.

The new requirements will directly impact the financial performance and value of your company so it’s essential you get it right. We expect you to see an increase in recognised assets and liabilities, more leases recognised in earlier periods of a lease and less in later periods, a shift in lease expense classification and amortisation, and an increase in net debt/EBIT/EBITDA ratios.

Given the complexity involved, we recommend you invest in a lease management and lease accounting platform that is IFRS 16 compliant.

 

“We were excited to see all of our lease information, including scanned documents, upcoming events and reports loaded into the system. For us, this has meant we have had visibility of all upcoming events across our portfolio, access to documentation when we need it, and [our lawyers] have been able to keep visibility over our files, ensuring they are up-to-date.”

NOMOS ONE CAN HELP

Nomos One is the complete, cloud-based, lease management and lease accounting software solution for the management of leases, sub-leases, licences, sub-licenses, easements, grants, resource consents and general contracts.

With our software, you’ll benefit from automated calculations, a clear simple dashboard, event reminders, intuitive workflow, custom reports and fields, and the ability to automatically generate legal documents.

Our robustly tested IFRS 16 module automatically calculates right-of-use assets and lease liability and generates journals, depreciation and interest schedules, giving you complete confidence in your IFRS 16 compliance.

QUESTIONS? WE’LL PUT YOU ON THE RIGHT PATH