Collect your IFRS 16 lease contract details
IFRS 16 requires lessees to recognize almost all leases on balance sheet including right of use asset (RoU) and lease liability. For this purpose, data about all leasing contracts of an organization needs to be collected. Our tool is designed to streamline your workflow and reduce the time and effort required for collecting the data as well as for calculations. By automating these tasks, you can focus on other important aspects of your business. Plus, our user-friendly interface makes it easy to configure even the most complex formulas.
Calculate complex formulas
colea provides a robust tool that enables the configuration of complex multi-dimensional formulas. Our software allows you to calculate results such as right-of-use assets or lease liabilities for IFRS 16 compliance, streamlining the submission process for lease contract data.
Maintain responsible submitters
colea simplifies the process of assigning new submitters or updating existing ones in case of personnel fluctuations.
Export based on your needs
Data consumption and analysis are crucial components of any data collection workflow. colea offers various export options to suit your needs. You can export data directly to Excel or integrate it into your preferred analytics system, such as Tableau, MS Power BI, SAP Analytics Cloud, or other systems.