Audit-proof lease accounting
in accordance with IFRS 16
Transparent lease accounting with LISA
SAP integration at its best - dealing with IFRS 16 could hardly be easier
Since the operating lease was recognized in the balance sheet as of January 1, 2019, IKOR provides the appropriate SAP Add-on with LISA. The tool handles your lease accounting quickly and transparently while being audit-proof.
From LISA directly into the general ledger
LISA stands for “leasing according to IFRS 16 accounting standards” – the name says it all. LISA is the only IFRS 16 tool that has been developed exclusively for the new accounting standard as a sub-ledger in SAP FI.
The workflow in LISA is automated to the maximum: It starts with a unified contract database and ends by creating your IFRS 16 notes with a single click. All business transactions, including reassessments and contract modifications, are covered. The necessary calculations and postings are done automatically. In addition to lessee contracts, sublease and lessor contracts can be processed and reported as well.
LISA is fast, secure, and IFRS 16-compliant - all within SAP ERP
LISA is a standard software perfectly tailored to corporate practice
Standardization & Streamlined Closing
LISA standardizes the management and processing of contract data. The approval workflow and the detailed documentation of individual work steps support collaboration across different departments and company locations. Reports developed in accordance with IFRS 16 provide the required information at the click of a button.
Audit Security & Compliance
Extensive plausibility checks ensure the necessary data quality. The versioning of all contract changes, the documentation of all work steps, and the comprehensive reports guarantee a transparent process. In accordance with the assigned authorizations, the results are verifiable and easy to understand for different stakeholders such as
management, internal and external auditors.
Lean & Seamless Implementation
Full SAP integration reduces error-proneness and improves the user experience. Implementing and customizing the tool is easy and highly flexible. Since there are no external interfaces, implementation projects can be kept lean. This almost eliminates project risks completely.
LISA supports organizations in managing and processing lessee and lessor contracts as well as sublease cases. Master data can be maintained and changed manually or with an Excel up-and-download function. Mass data changes are therefore easily handled. The general data structure is standardized but can be customized if necessary.
Companies can maintain contract changes and modifications in LISA on an ongoing basis. The tool automatically calculates all necessary line items over the entire contract term. Contract adjustments affect and change the calculation of line items accordingly. LISA also enables organizations to account for their leasing contracts according to different accounting standards and currencies.
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