Since the widespread adoption of IFRS 16 in 2019, companies now face the task of understanding how every expected event over a lease lifetime impacts its present value which now must appear on the balance sheet.
Property and lease management teams that once operated independently from the finance team now play a critical role in ensuring timely and accurate information is available for the finance team to assess and reflect in the financial statements.
For companies with multiple lease agreements, the reality of this is overwhelming. If your using one spreadsheet per agreement to track all lease payments, renewals, variations, rent changes and discounts we can only imagine the headache this causes. Not to mention the risk of formula errors.
A solution that bridges the gap between lease management and financial reporting will provide companies with significant time savings, improved financial controls, and peace of mind around lease management.
Introducing Nomos One
Nomos One is an end-to-end lease management and lease accounting software solution. You can now say goodbye to your spreadsheets with peace of mind all aspects of your lease management are being taken care of in one simple and easy-to-use location.
All your agreements in one place
As part of our onboarding process, all your lease data will be in the Nomos One system. This now acts as a single source repository for all your lease agreements and other relevant documentation which pulls through to our reporting modules.
Accessible to everyone, anywhere
Our secure cloud-based system allows you to access your files anywhere with an internet connection.
Everyone involved in the lease cycle has access, from legal to accounting, all have access to the system. Nomos One allows your organisation to collaboratively view your entire lease portfolio, including landlord and tenant details and a timeline of all your upcoming lease events.
No more formula errors
We’ve all been there, searching our spreadsheet for hours trying to work out which formula has one tiny incorrect detail. Any changes you make within our system will automatically pull through to our financial reporting modules – saving you time and any mistakes from human error.