Making complex lease accounting simple.
AASB 16 is technically complex and challenging to operationalise, and the need to constantly monitor and recalculate lease balances adds more unwelcome pressure to already stretched finance teams.
Human intervention inevitably creates accuracy challenges in data extraction and entry, and miscalculations are difficult to identify – and even more challenging to unwind. Organisations simply can’t underestimate the effort, time and cost required to report accurately on an ongoing basis.
This is where KPMG Lease Hub comes in. An easy-to-implement, cloud-based solution that enables you to outsource the complexities to us while maintaining full control over the end-to-end process.
It’s the only end-to-end lease accounting managed service solution enabled both by the expertise of our lease accounting specialists, and powerful technology smarts.
A managed service with cloud-based-tech
Benefits of KPMG Lease Hub
Easy to implement
Avoid system implementation costs and disruption by rapidly on-boarding this cloud-hosted solution.
With all your lease documentation, journal reports and disclosures information in one place – you can access what you want, when you want.
Stay in control
Gives you visibility of the end-to-end process, so you know exactly what is happening at any point in time.
Confidence in your data
Runs automated validations over your data, giving you an added level of confidence over data accuracy.
Demonstrable audit trail
Track every action or change to a lease contract, so you’ll never need to worry about identifying or unwinding a calculation.
Data at your fingertips
Tailored reporting gives you quick access to what you need in the format you want so you can manage stakeholder demands.
Your AASB 16 requirements solved in 3 simple steps
Submit your contracts or lease data
Receive tailored and timely reporting
Let us know if and when things change
Designed by lease accounting specialists, for finance professionals.
"Application of AASB 16 is resource intensive and can challenge and impede the efforts of even well-prepared and sophisticated finance and reporting teams. In the current environment, with finance teams being stretched by new and unplanned challenges, many organisations are rapidly finding they need help." Andrew King, Partner & Digital Lead, CFO Advisory, KPMG Australia
Request a demo
Let us handle the complexities, while you focus on what’s important to your business. Speak with one of our accounting specialists today.