ZenTreasury Lease Management System

Get IFRS 16 compliant

Streamline, simplify and automate your lease operations. ZenTreasury LMS gives you an all-in one accounting and portfolio solution to help you achieve IFRS 16 compliance.

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ZenTreasury Lease Management System

Manage all your leases in one place, in one simple register. With ZenTreasury you can manage your lease portfolio with ease and, at the same time, create all the needed accounting entries that IFRS 16 requires.

  • Easy and powerful solution providing all that the IFRS 16 standard requires

  • Simple and powerful dashboard to show you the big picture

  • All lease details within one view

  • Simple reports to help you create all the needed notes for your financial reporting

  • Alerts of maturing leases delivered straight to your email

Validated IFRS 16 calculations

ZenTreasury IFRS 16 calculations have been validated by an international audit firm. The following items where confirmed to be in accordance with IFRS 16:

  • valuation of the asset and liability at initial recognition and the yearly bookings are calculated correctly

  • different size additional payments at the beginning and the end of the leasing period

  • different payment intervals (monthly and quarterly payments)

  • prolonging of the original term

  • increase or decrease in scope

  • shortening of the term

  • termination of the lease before the original termination date

  • presentation of short term and long term liability at the end of the period

  • contracts in other currency (change in exchange rate)

  • interest calculation when payments are paid quarterly

  • depreciations

All-in-one accounting & portfolio solution


Portfolio
Portfolio Management

With the ZenTreasury Leasing (IFRS 16) module you are able to handle all lease and rental agreements that need to be treated as liability and right-of-use asset according to the IFRS 16 standard.

  • Features
    • For Equipment Leases
    • For Real Estate
    • Searchable Lease Register

Accounting Solution

With ZenTreasury you can compute all changes during the lease term and the possible P&L effects easily. You are also able to create all the necessary reports to adjust your financial statement. Accounting can be completed through three simple reports; lease changes, lease payments and month-end. All these reports can easily be exported to a spreadsheet or you can have the accounting entries, via interface, into your accounting system.

  • Features
    • Accrued Interest
    • Report for Lease Changes
    • Report for Lease Payments
    • Maturity analysis in accordance with paragraph 39 and B11 of IFRS 7
    • Month-end Report
    • Accounting Interfaces

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Company register

ZenTreasury comes with an inbuilt company register. Here you can define your default lease discount rate (can also be done in the lease instrument view). You can also add additional information regarding your companies, agreements, document, currency, limits and see your company audit trail, all in one place.

  • Features
    • Company information
    • Default discount rate

Lease instrument view

In the instrument view you have basically everything in one place. Here you can define your lease’s portfolios, cost centers, start and end dates, purchase option prices etc. etc. You can also add additional info into your instrument, add documents or see your lease instrument’s audit trail, all in one place.

  • Features
    • Amortization Schedule
    • Attachments
    • Critical Date Alerts
    • Cost centers
    • Currencies
    • Discount rate
    • Lease types
    • Payment schedule
    • Portfolios
Form

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Changes during lease term

The system can handle any changes during your lease term. So price, term and scope adjustments are easily managed in the same view. The amended lease flow will be immediately available, in the same window, as soon as the lease changes are confirmed.

  • Features
    • Price changes
    • Term changes
    • Scope adjustments

Audit trail

With ZenTreasury the audit process is more fluid than in a manual environment. Audit trail tracks all transaction changes by time, date and user stamp. You'll be able to show your auditors all the changes to your transactions during their life cycle.

  • Features
    • All changes
    • Human readable format
    • Timestamps
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Multi-user environment & Segregation of Duties

Segregation of duties is one of the most important system controls. This is an essential tool in mitigating the risk of error or fraud. In ZenTreasury, segregating duties between users is simple, and as the administrator you have full control to amend and create new roles with custom rights if needed.

  • Features
    • Segregation of Duties
    • User roles
    • Role permissions

Functional Capabilities

Inbuilt multi-currency support. You can easily manage leases in other currencies.

Calculate the accrued interest for all types of payment schedules.

Holds data to allow time to audit, monitor, manage, and analyze it.

Comes with report for accounting of lease liabilities, right-of-use assets and the effects caused by changes in the IFRS 16 specifications.

Easily manage all changes during the lease term.

Generate simple payment schedules for your payments.

Segregation of duties is one of the most important treasury controls. This is an essential tool in mitigating the risk of error or fraud. In ZenTreasury you can assign duties to fully meet your company’s requirements.

ZenTreasury Ltd is a FinTech and SaaS company located in Espoo, Finland. We provide a modern finance platform for treasury and lease management.

Business ID 2762104-2

Contact Us

  • Otakaari 5, 02150 Espoo, Finland

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