Excel vs lease management and lease accounting softwareNomos One IFRS 16 resources
Excel can do almost anything, but can it handle
We’ve all experienced the brilliance of Excel for forecasting, budgets, preparing journals and accruals, ﬁnancial modeling and everything in between. It’s incredible what Excel can do if you know how to use it. Almost every organisation has a resident Excel wizard who can dazzle you with its capabilities. Excel, in the hands of an Excel master, can do just about anything. For leasing portfolios greater than ten leases, can it handle the new lease accounting standard IFRS 16 and everything that comes with it?
Excel vs lease management and lease accounting software
Nomos One has produced a guide around the pros and cons of using Excel for IFRS 16 transition and ongoing reporting requirements and how that compares with purpose-built software. It covers:
- What early adopters tell us about IFRS 16 implementation
- A comparison of what Excel vs good lease management and lease accounting software can offer
- 10 Excel pitfalls when it comes to IFRS 16 implementation and ongoing reporting requirements
- 10 benefits of using Nomos One’s lease management and lease accounting software.