COMPLIANCE WITHIN AUTOMATION

FRS 102 COMPLIANCE 

Streamline your path to FRS 102 lease accounting compliance

Why choose Prophix One™ for FRS 102 compliance?

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Ensure compliance with the latest FRS 102 update

Stay ahead of regulatory changes with a lease accounting solution designed for your compliance needs. Seamlessly manage the complexities of lease accounting and financial reporting in line with the updated FRS 102 standard. 

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Automated contract review and reclassification

Automated review and reclassification streamline your contract analysis by quickly identifying leases and applying the correct accounting treatment, reducing manual effort and ensuring accurate compliance. 

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Track modifications and maintain data integrity

Rely on accurate, up-to-date lease data and transparent calculations. Effortlessly monitor all changes to your leases and improve auditability across your lease accounting processes. 

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Centralized data management

Centralize all lease and contract data in one secure platform to minimize errors and ensure easy access for reporting and audits.