SPECIAL PRESENTATION & DEMO [On-Demand]

According to PwC, 57% of companies report difficulties maintaining accurate lease data.  

Compliance with the latest lease accounting standards can pose a huge challenge. Many finance teams struggle with manual processes, spreadsheets, and disjointed data sources that increase audit risk, errors, and delays in reporting. 

Introducing Lease Accounting on Prophix One 

In talking to our customers, we heard that there are challenges to overcome in lease accounting.  That's why Prophix is thrilled to partner with Cradle, a lease accounting provider that brings deep expertise in navigating complex lease accounting standards such as ASC 842 and IFRS 16. 

Simplify your compliance with the power of Cradle and Prophix 

Join us to learn how lease accounting on Prophix One will help you:  

• Meet compliance with lease accounting standards: Specifically built to handle all permutations of lease accounting standards including IFRS 16 and ASC 842, and upcoming FRS 102.

• Simplify foreign exchange accounting with currency conversions following IAS 21 and ASC 830. 

• Streamline lease accounting and management by automating and centralizing all your lease documentation in a secure, cloud-based solution that mirrors the structure of your organization. 

• Enhance controls with lease modifications tracking, role-based user permissions, and uniform calculations.