In the last 20 years, the importance of leasing has increased enormously. As a result, capital tied up in the company has been significantly reduced and the liquidity gained can be used for market development, R & D and other important aspects.
At the same time, however, the accounting requirements in the application of IFRS standards have increased significantly. With the change from IAS 17 (leasing) to the new IFRS standard IFRS 16 (leasing), the complexity has increased considerably due to the consistent distinction between lessor and lessee accounting.
Leasing IT Solutions, as a division of PEAC (Germany) GmbH, has developed the industry solution "LISA" in the last 20 years, which has already been used by several global corporations and leasing companies. With such a solution, the requirements for parallel accounting according to Local GAAP and IFRS can be professionally implemented.
Our competences in the field of SAP leasing solutions:
Classification models for products for finance and operate lease
Creation of posting models by product area
Development of consolidated accounts according to local GAAP and IFRS
Project management for adapting the SAP systems