IFRS 16 Resources - Nomos One

Excel vs Lease Management and Lease Accounting Software - Nomos One

Written by Nomos One | Oct 1, 2022 7:09:00 AM

Why Excel falls short: A deep dive into the advantages of dedicated lease management and accounting software 

We’ve all experienced the brilliance of Excel for forecasting, budgets, preparing journals and accruals, financial modelling and more.

What Excel can do is incredible if you know how to use it. Almost every organisation has a resident Excel wizard who can dazzle you with its capabilities. Excel, in the hands of an Excel master, can do just about anything.

But for leasing portfolios greater than ten leases, how doesExcel stack up when it comes tolease management and lease accounting software? Can it handle IFRS 16 reporting and everything that comes with it? Let’s find out.

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