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New purpose-built CLM Rapid Solution for Lease Accounting Standards ASC 842 and IFRS 16

Tue, Jun 2, 2020 @ 08:38 AM / by Bramasol

As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built CLM Rapid Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance. It leverages the power of the industry’s leading leasing solution, SAP CLM, and combines it with Bramasol’s deep experience to provide a quick start that can get you up and running in 8 weeks instead of months or years and for a price that you can afford.

Since the new leasing standards-setting process began, Bramasol has been at the forefront of addressing critical issues to help our customers get ready for both IFRS 16 and ASC 842. We have developed roadmap that brings together all compliance requirements, stakeholder needs and work-stream processes within a unified and disciplined implementation process.

This new purpose-built CLM Rapid Solution further distills these overall efforts in a targeted solution, designed to help companies with straightforward leasing portfolios to cut through the complexity of the new standards and achieve compliance without excessive hassles or expense.

This offering is designed for companies with up to 300 leases and includes:

  • 5 most common Scenarios for Real Estate, Movables, or both (1 company each for IFRS 16 and ASC 842)
  • Set-up and configuration of RE-FX
  • Standard data & document loading
  • Security set-up

Learn more how we can help you take advantage of the power of CLM quickly and for a small price.

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Topics: IFRS16, Leasing Solution, ASC 842, sap clm

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