INDUSTRIES
Corporate lease management software
Leasing corporate offices, office equipment, computers, laptops, mobile phones and fleets of vehicles can form a large part of your corporate business. It’s important you manage it as closely as possible so you can make informed business decisions.
With leases and subleases stored in all manner of places, each with different termination dates, renewal options and rates, it can be difficult, if not impossible, to produce accurate, useful, consolidated reports on your fleet, property and asset portfolios. That’s where Nomos One’s corporate lease management and lease accounting software can help.
The challenges of lease accounting in the corporate sector
In addition to the regular challenges of lease management, businesses in the corporate sector are faced with the challenges of IFRS 16. IFRS 16 can make leases the most material item on your balance sheet!
IFRS 16 will directly impact the financial performance and value of your company. It is essential to adhere to the IFRS 16 standards in your business operations. Given the complexity of lease accounting under IFRS 16, we recommend those operating in the corporate sector invest in a lease management and lease accounting platform that can help you achieve IFRS 16 compliance. Our software will ensure that your lease portfolio is up to date with easily actionable notifications that help you meet protocol milestones with confidence
Lease management designed for the corporate sector
Nomos One is a comprehensive, cloud-based, lease management and lease accounting software solution that is designed to accommodate a large range of leased assets in the corporate sector. This is the lease accounting and management software your business needs to ensure the efficient management of leases, subleases, licences, sublicences, easements, grants, resource consents and general contracts.
Nomos One offers clients a number of benefits that will save your business time and effort. Our lease accounting software offers advantageous features for many businesses, including automated calculations, a coherent and straightforward dashboard, event reminders, a user-friendly workflow, custom reports and fields, and the ability to automatically generate lease documents. Our robustly tested IFRS 16 modules automatically calculate right-of-use assets, lease liabilities, depreciation and interest expenses, and generate the resulting journals accordingly.
Trusted by corporate teams across Australia and New Zealand
The corporate finance teams we work with have moved away from spreadsheets and key-person dependencies, and into a single platform that handles IFRS 16 (AASB 16) calculations automatically, gives whole accounting teams shared access to the same data, and stays reliable as the business scales. From global expansion to year-end reporting, Nomos One is built to remove the risk that comes with managing a growing portfolio in fragmented systems.
Here’s what a corporate finance leader in Australia has to say.
Bunzl Safety: a market leader in safety workwear and PPE.
Bunzl Safety supplies safety workwear, footwear, material handling equipment, and PPE to major clients and government agencies across Australia, as part of a global expansion strategy. When IFRS 16 came into effect, the team inherited a single spreadsheet from head office, with only one person who fully understood how it worked. For a business growing as fast as Bunzl Safety, that level of key-person risk was no longer sustainable. Nomos One replaced the spreadsheet with a centralised system that the whole accounting team can access, understand, and rely on.
“It's user-friendly, it's easy to access, and easy to understand. There are now other members of the accounting team that have access to the software, so the risk of only one person holding the information is no longer there. The quality of the Nomos One accounting team, and their expertise and accounting knowledge are of the highest standard. They are clever accountants that really do understand what they are talking about, and that makes it so much easier when you're working with business financial controllers.”
Fadia ChidiacFinance Director | Bunzl Safety | Australia
