Many companies are currently at the start of their IFRS16 projects. Some are still evaluating tool alternatives, others are already in the middle of their implementation projects.
Paluma is directly involved in a number of major IFRS16 implementations. In our upcoming online session we will introduce the latest release of SAP Lease Administration by Nakisa, a tool that not only offers a central lease administration plattform, but at the same time integrates directly into the ERP-systems of the company. We will also discuss those factors which, to our experience, can determine the effort and risks involved in an IFRS16 implementation .
Author: admin_palumpa
The new lease accounting standard will bring significant change to processes and systems. Experience shows that respective projects are underestimated, and that the ideal tool support is difficult to find.
A company may believe that the sheer fact of having processes defined makes them more efficient and effective. This misbelief can lead to the standardization of all kinds of steps and actions within the organization. However, such kind of exaggeration will have counterproductive effects. The focus must be on quality and not on quantity of processes and process definitions. Having a process defined does not automatically mean that the process is good. A critical question therefore is: What makes a “good” process? How can process quality be evaluated and improved?
Your company will have to comply with the new IFRS16 standard? You are in the process of evaluating different tool options? Then our upcoming live demo will be very interesting for you.
Your company will have to comply with the new IFRS16 standard? Your respective processes are not yet clearly defined? This paper explains the key challenges you will be facing and how an optimized tool support should look like. It discusses why most of the existing solutions are not ideally suited to support IFRS16. And it concludes by presenting an interesting, SAP-based lease management solution.
Imagine a major business unit in a global technology company that wants to implement a slim and efficient solution for the bottom-up planning of central key performance indicators without the complexity and overhead of a massive planning application. Centrally defined KPIs and a global data consistency should be achieved while local units are given a high degree of freedom in how to derive these KPIs. Paluma developed a taylor-made solution that bridged the gap between diversity and consistency in planning.
Planning means to anticipate the most probable future development of a company. But how can a company handle the uncertainty that is immanent in planning?
You want to know how your own corporate planning processes are positioned compared to benchmark companies? Then take part in Benchmark 2017
Implementing an efficient management and reporting architecture in a global company with more than 500 legal entities is a big challenge. Doing that within 8 months sounds literally impossible. Two well-known global consulting companies had already failed trying when our consultants got involved. We transformed the extremely complex structures and processes of the client into an optimized SAP BPC solution which produced significant cost and time savings right from the start.