IFRS16 | Lease Accounting Managed As-a-Service By Pentagon Global Finance

Take Advantage of Our AI-Powered Lease Accounting Solution
We help you eradicate complexity in accounting for your Leases
Intuitive Audit-Ready Outputs and Changes Captured in Real-Time
100% Accuracy in Reporting and Meet All Disclosure Requirements
Full Implementation by Pentagon Global Finance Lease Accounting Experts
We provide scoping and impact assessments across your entire lease commitments

Our Lease Accounting solution offers three types of services:

Managed Services
Advisory Only Services
Implementation Only Services

Each Service offering is designed to enable our Clients stregthen compliance, reduce risk and complexity as well as reduce the total cost of managing their lease commitments landscape.

Do you currently have manual based lease accounting and disclosure processes?
Are your lease agreements across multiple jurisdictions and decentralised operating units?
Do you have higher than expected overhead costs accounting for your lease exposure?
Do you struggle with Monthend and Year End Accounting for your leases?

If that is you, get in touch

+44 (0) 203 290 8500

contact@pentagonfinance.com

As the business landscape continues to change and evolve, staying on top of compliance requirements is a challenge for many. Finding the right balance between efficiency and compliance can also be tricky. With Pentagon Global Finance Managed Services, you can unlock greater efficiency while still staying compliant. Explore the capabilities of Pentagon Global Finance Managed Services and how it can help your business reach new heights. Our IFRS16 Lease Accounting Managed Service leverages on our deep expertise in accounting & compliance advisory services to bring efficiency and certainty to your Lease Accounting process. Locally or across jurisdictions, we bring certainty, completeness and clarity to ensure you are 100% up to date on your reporting and disclosure requirements.

Many businesses are now beginning to discover that their existing lease management software and/or manaual processes does not have the capabilities to cope with the complexities around lease accounting, commitments and the requiste disclosure requirements that comes with the IFRS16 and ASC 842 standard. These problems typically comes to light late in the day either during year end close or quartely reporting for public companies where reporting is usually delayed as a result of inconsistencies in the lease accounting processes leading up to crucial quarterly and year end deadlines. This can easily turn into a nightmare for most FDs and CFOs who rely on members of their teams to figure out what is going on and what went wrong. With our lease accounting solutions at Pentagon Global Finance you do not have to sweat in anguish over accounting for your leases commitments, our deep expertise and platform provides a unique combination of accuracy, reliability, completness and clarity that is required to meet all ASC 842 and IFRS16 accounting, reporting, and disclosure requirements. Our Managed Services help you can unlock greater efficiency while still staying compliant. Find out how we can benefit you.

Thank You, we'll be in touch soon and send you a copy of our report and service brochure. Luke Clack Pentagon Global Finance Research Team

Managed Services

Streamlining Compliance and Regulatory Requirements

A Comprehensive Approach We understand that keeping up with an ever-changing compliance and regulatory environment can be difficult and present unique challenges, from IFRS 9 to IFRS 15, IFRS 16 to AML and so on. This is why Pentagon Global Finance managed services brings the best of our expertise in Accounting and Compliance Advisory to help take the pressure off from our clients list of competing priorities. When delivering our Lease Accounting solution, we scope and assess your entire lease commitment schedules and landscape to ensure we identify any gaps in compliance to ensure there is Certainty, Completeness, Clarity and Control over your reporting and disclosure requirements. Furthermore as the business landscape continues to change and evolve, staying on top of compliance requirements is a challenge for many. Finding the right balance between efficiency and compliance can also be tricky. Whether you are undergoing transformation, considering a software solution or perphaps require advice on a comprehensive approach to lease management, we have the expertise and technical knowhow required to address every aspect of your problem. Speak to us today to find out more. Tel: +44 (0) 203 290 8500.

Are you struggling with your Lease Accounting processes and Disclosure?

Managing and Accounting for your lease commitments doesnt have to be a daunting task. Why not explore the capabilities of Pentagon Global Finance Managed Services and how we can help your business? Let us show you how our solutions can make the process easier and seamless. Contact Us

Read our initial impact assessment and implications of IFRS16 Lease Accounting

The new standard is expected to bring financial clarity and comparative disclosure, however implementation, management and maintenace of processes around new processes and disclosures pose huge challenges for most finance functions. Read about our initial impact assessment here.

How complex can it get?

Accounting for Lease commitments can get complex due to a combination of nuanced factors relating each lease contract. The Pengaon Global Finance Managed Lease Accounting solution provides an end-to-end, seamless lease accounting platform that addresses all manners of lease contract complexities, by blending People, Process, and Technology to reduce time and increase efficiency required to meet all your ASC 842 and IFRS16 accounting and disclosure requirements.

Unlocking Efficiency and Compliance

Get more out of our Managed Services

Thank You, we'll be in touch with a copy of our Service Offering. Luke Clack Pentagon Global Finance Research Team