100% SAP integrated
Manage Leasing Contracts according to IFRS and HGB
Leasing accounting according to the International Financial Reporting Standards (IFRS 16) is essential for many companies and requires a lot of work. This is easy with cuContract Leasing, because you are ready for IFRS 16 with this contract management solution.
For businesses that focus on leases, but also for businesses in trade and industry the lease accounting in line with the International Financial Reporting Standards (IFRS) is growing in importance. But it is often the case on the side of the lessee that contract details have only been taken into consideration if it was classified as a financial lease. In the future, this will become necessary for all leasing contracts. Sounds like a lot of work? Not with cuSmarText Leasing. The contract management solution will prepare you for IFRS 16.
Product sheet: Manage Leasing Contracts in SAP
cuContract Leasing allows you to manage all leasing contracts during their entire life cycle for balance sheets in compliance with IFRS (International Financial Reporting Standards) in SAP.
Content
- 01 Interesting facts about leasing contract management
- 02 Efficient management of leasing contracts - the benefits
- 03 cuContract Leasing at a glance
- 04 Technical aspects & SAP certificates of leasing contract management
- 05 Project plan for the implementation of cuContract Leasing
- 06 Your contact for questions about leasing contract management in SAP
Interesting facts about leasing contract management
cuContract Leasing allows you to manage all leasing contracts during their entire life cycle for balance sheets in compliance with IFRS (International Financial Reporting Standards).
Meet the new regulations of IFRS by categorizing and evaluating the contracts correctly as well as by recognizing possible consequences for your balance sheets.
The software provides a connection between sales (lessor) and procurement (lessee). On the whole, this will make the workflow easier and more efficient and will give the user a high degree of transparency.
With the integrated appointment and deadline management you will gain an overview of all contractual deadlines and are able to renew leasing contracts with new conditions or terminate them in order to optimize your leasing rates.
cuContract Leasing is integrated in SAP systems and MS Office to 100% and can be operated easily through the web interface.
Efficient management of leasing contracts: the benefits
- Balance sheets in compliance with IFRS
- Connection between procurement, sales and accounting
- Automated internal controls and processes
- Optimization of leasing rates, discount rates and more
- Increase in transparency and efficiency
- Best data protection
- 100% integrated in SAP systems – especially SAP Accounting
cuContract Leasing at a glance
- Planning, categorization and evaluation of leasing contracts
- Planning and assessment of financial consequences
- Calculation of contract validity period, amount of leasing rates, discount rates and more
- Annual follow-up evaluations of the right to use with amortized costs
- Examination of liabilities and repayment portion
- Assessment of contract validity period and residual value
- Monitoring functions
- Digital record for all documents, emails etc.
- Automated document creation
- Monitoring of appointments and deadlines
- Integration in MS Office, MS Outlook
- 100% integrated in SAP systems
Technical aspects & SAP certificates of leasing contract management
The digital leasing contract management cuContract Leasing is available in two versions, for SAP ERP and SAP S/4HANA. Whatever system your company prefers to work with, the solution will integrate seamlessly. This is also confirmed by the certifications ‘SAP Certified – Powered by SAP NetWeaver’ and ‘SAP Certified – Integration with SAP S/4HANA.’
Project plan for the implementation of cuContract Leasing
The implementation of the leasing contract management software cuContract Leasing follows clearly defined and customized project steps.
During a first kickoff meeting with valantic experts the project gets structured. This is followed by installation and setup of the standard software. In workshops the individual needs of the users are identified and described in a written concept, followed by an individual customizing by valantic. Key users are trained and introduced to all functions of the software, even before the digital leasing contract management goes live.
Our experts will be available at all time for technical support or questions and can also make adjustments and extensions if the users’ needs change.
Product sheet: Manage Leasing Contracts in SAP
cuContract Leasing allows you to manage all leasing contracts during their entire life cycle for balance sheets in compliance with IFRS (International Financial Reporting Standards) in SAP.
