IFRS16 Lease accounting ^
Accurate, automated, audit-ready
Automate your right-of-use asset and lease liability calculations, accurate handling of lease modifications, interest and index rate changes, and automated postings to General Ledger (GL) and Fixed Assets. Works stand-alone or alongside your ERP.
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IFRS16 Compliance shouldn't depend on spreadsheets ^
For many finance teams, IFRS16 compliance remains a manual, error-prone process. Spreadsheets and legacy ERP configurations struggle to keep up with lease modifications, changing interest and index rates and the precise amortisation schedules the standard demands. Every manual posting carries audit risk. Every period close stretches the team and any deviation from the calculation methodology can put your compliance position under pressure. The consequences are real: restatements, audit queries, and an increasing burden on Controllers who should be focused on analysis, not correcting journal entries.
Arribatec’s IFRS16 solution, powered by the Arribatec Nexus Platform, is designed to address these challenges directly. It handles the full lease accounting cycle: calculating net present value (NPV), accruing interest, and scheduling liability amortisation, with rates managed monthly (or at another frequency of your choosing) and configurable on a per-asset or per-asset-group basis. All calculations are automated, and the system generates the journal transactions needed for GL and Fixed Assets. It runs stand-alone or alongside your existing ERP, and is designed to support accurate, consistent IFRS16 compliance from day one.
Everything you need for IFRS16 ^
Automated IFRS16 Calculations
Delivers fully compliant IFRS16 calculations by automatically computing Net Present Value, interest expenses, and liability amortisation based on defined lease terms. The engine ensures consistent and auditable calculations across all lease types, reducing manual workload and the risk of misstatements. Customers benefit from reliable period-end reporting with minimal intervention.
Lease modifications & remeasurement
Automatically recalculates lease liabilities and ROU assets when lease terms change including extensions, early terminations, index updates, rate changes, and penalties. The system applies IFRS16 logic to determine whether a modification triggers remeasurement or adjustment to the ROU asset. This ensures continuous compliance and eliminates manual recalculation effort, even in high-volume lease portfolios.
Flexible interest & index handling
Supports a wide range of interest structures, including fixed, variable, and asset group–specific discount rates. Index-linked leases can be updated using CPI, rent reviews, or other customer-defined indices. This flexibility allows accurate modelling of different lease contracts and ensures the system can adapt to regional or industry-specific requirements without configuration complexity.
ERP transaction automation & deployment
Generates all required General Ledger and Fixed Asset postings automatically, ensuring alignment between the IFRS16 sub-ledger and the financial system. Customers can run the module fully integrated with Unit4 ERP environments or operate it in standalone mode. This flexibility supports organisations in transition or those running mixed-system landscapes while still maintaining consistent financial outcomes.
Asset–Lease traceability
Provides end-to-end visibility by linking ROU assets in Fixed Assets with corresponding lease liabilities in the IFRS16 module. Every posting, reassessment, and modification is fully traceable across modules, supporting audit readiness and simplifying internal control processes. Users gain a clear, consistent view of each lease from initial recognition through to expiry.
Built on the Arribatec Nexus Platform
A secure, maintained platform purpose-built for finance add-ons, with implementation support and a clear product roadmap.
Are you a Unit4 customer?
The solution is available as a native extension to the Unit4 Fixed Assets module (ERP 7/CR and ERPx). This means lease assets live alongside your existing fixed asset register, and all postings flow directly into your Unit4 GL; with no middleware or manual export required.
Real gain for Finance leaders ^
This solution delivers IFRS 16 compliance support wherever you run it, with calculations designed to meet the standard’s requirements and provide a clear, documented audit trail for both your team and auditors, regardless of which ERP you use. Automated calculations and postings reduce manual effort and lower audit risk by eliminating reliance on spreadsheets, which can introduce errors and slow audits. Consistent, automated amortisation schedules and journal postings enable a faster, more confident period close, allowing your team to focus on meeting deadlines rather than checking figures. With flexible deployment options, the solution can run stand‑alone or connect to your ERP environment without compromising calculation accuracy. As a purpose‑built IFRS 16 solution, it also offers a lower total cost of ownership by avoiding the expense and complexity of custom builds or generic lease accounting tools that require extensive configuration to meet the standard’s requirements.
Become an early adopter ^
We are seeking a small number of earyl adopter customers to further validate the IFRS16 solution.
Early adopter participation is designed to be low-risk and high-value. As an early adopter partner, you will receive:
- Guided onboarding and dedicated support throughout the pilot period
- Preferred pricing in recognition of your early partnership
- Direct input into the product roadmap based on your experience
In return, we ask for structured feedback. Early adoption duration: indicatively 8–12 weeks, with a structured review at the mid-point and close.
If you are a CFO, Controller, or finance leader, whether running a stand-alone deployment or connected to your ERP, and would like to explore whether this is a fit for your team, we would welcome the conversation.
Start using IFRS 16 solution today ^
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