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IFRS16 for Lease Accounting
IFRS16 includes new principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract. Legerity FastPost is the modern and effective alternative to traditional lease management systems, which cannot offer the detailed accounting rules, calculations and multi-GAAP processing required by IFRS16. Empowering firms with a non-disruptive solution that fully supports lessee and lessor accounting requirements – fast-tracking the implementation of IFRS16.
FASTPOST
How FastPost helps you handle IFRS16
Data
Designed to support high volumes of granular data, FastPost integrates sources quickly – delivering a single and accurate repository of lease detail.
Complexity
FastPost’s data model meets the most demanding levels of lease accounting complexity, supporting full retrospective and cumulative catch-up approaches.
Audit
FastPost helps users make the judgements and decisions required by IFRS16, delivering an approach that’s consistent, traceable and has a full audit trail.
NEWS
Should Insurers consider a Minimal Viable Product (MVP) approach to IFRS17?
We asked an audience of insurance experts whether they’d considered an Out of the Box approach to IFRS17.
Has the further delay to IFRS17 had any effect on projects?
During Legerity’s March IFRS17 webinar, we asked an audience of 200 insurance experts whether further delay to the standard has had any effect on…
Webinar: IFRS17 Out of the Box – A Fast Track to Implementation
Webinar discussing a fast track way to deliver IFRS17 implementation using a pre-configured cloud-based SaaS with minimum disruption and at a…
IFRS17 Webinar – The Challenges of Transition – Practical ways of managing transition
Webinar discussing data & system challenges of IFRS17 transition, and how a best-practice, cloud-based architecture can assist your firm in…
To what extent is your organisation acting on Digital Transformation? We asked an audience of insurance specialists.
At our October IFRS17 webinar, we asked an audience of insurance specialists the extent to which their organisation is acting on Digital…
Will your organisation build or buy their IFRS 17 solution? – We asked 300 insurance specialists.
During our September webinar, we asked 300 insurance specialists whether their firms were building their IFRS 17 solution internally or purchasing…
IFRS 17 Explained
IFRS 17 is complex and many insurance firms feel there is a lack of understanding and training. Watch our latest video and help your company better…
Legerity FastPost helps leading life insurer to automate new financial reporting and disclosures process
Aegon UK has selected Legerity's FastPost IFRS 17 solution to transition to the new International Financial Reporting Standard.
Contact Us
If you would like a member of the Legerity team to get in touch,
please send us your details and we will contact you directly.