Achieve an effective lease agreement tracking and ensure IFRS 16 compliance by integrating iLeAS to your ERP System. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases.

IFRS 16 requires all major leases included in the balance sheet

Right-of-use Asset

Right to use the underlying leased asset

Lease Liability

Obligation to make lease payments

Lease Definition

The new on/off-balance sheet test for lessees - a key judgement area

Lease Definition - Exempsions

Two major optional exemptions make the standard easier to apply

Advantages of iLeAS

Deploy as an extension to Oracle EBS Solution or as a stand-alone Cloud solution to connect to other ERP Applications

Enables synchronization with General Ledger for accounting entries and Accounts Payable for lease rental invoices

Leverage dashboards and the reporting features for all lease reporting requirements and streamline operations


Record all leases (Property, Equipment, etc.)

Define the rental schedule with clauses for revision, payment frequency

Integrate with Accounts Payable for Invoice creation as per payment schedule

Calculate the Right of Usage (RoU) Valuation based on the IRR or borrowing rate and also the Lease Liability in line with the IFRS 16 recommendations

Integrate with GL to create the accounting entries for the RoU and Lease Liability values

Generate the Amortization calculation and the accounting entries to GL

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