Clark Jarrold
Partner, Audit & Assurance, Financial Reporting & Accounting
BDO Lead SaaS
BDO Lead gives you control over your lease data and the ability to process changes and prepare reports effectively and efficiently across all your leases.
How BDO can help
BDO Lead has been developed by our IFRS experts and custom-built by our IT experts. BDO Lead is a cloud solution hosted on Microsoft Azure.
The main benefits of using BDO Lead, are that you have control of your own data but also access to our very experienced IFRS experts to talk you through the relevant considerations when performing your lease calculations.
What is BDO Lead SaaS?
BDO Lead simplifies the process of transferring existing data, along with additional parameters necessary for IFRS 16 accounting, into a single database. Key features include:
- Ability to do IFRS16 calculations on thousands of leases using an easy software solution
- Recognising the transitional effects and ongoing impacts on journals and disclosure requirements
- Importing existing or new lease contract data through a user-friendly interface
- Guiding users through the complexity of the standard and providing the final journal information for existing and new lease contracts
- Ensuring retrieval of data input history at any time, in contrast to spreadsheet programs.
- IFRS 16 experts available for onboarding lease data and ongoing support as needed.
What are the benefits of using BDO Lead?
Time and cost
- Business resources are free for alternative use e.g. to meet key business objectives
- Ensures the efficient, accurate and timely implementation of IFRS 16 which meets the highest quality standards.
Created by IFRS experts
- Created by experts in the technical and financial reporting
- Trust and comfort that you have expert IFRS advisers available to assist with lease accounting questions.
Ongoing lease management
- Opportunity to entirely restructure your lease accounting and lease management
- BDO Lead is an intuitive and user friendly tool
- IFRS 16 expert support
- Unlimited users
- Multi-currency conversions and reporting.
Risk free
- Safe storage and contract maintenance
- Direct and clear processes to identify and address issues
- Audit trail of changes in the system
- Increase in transparency
- User access can be personalised.
Tailored to your
business' unique needs
- Your accounting engine does not need to be adapted
- BDO can advise on project design and contract evaluation and guide you through the process
- Tailored to suit your needs e.g. select (modules) functions you need
- BDO can help you with the upload of existing leases from other software systems.
Easy and efficient
- Ongoing management of leases is transparent and easier to manage – significantly increasing the efficiency of lease accounting
- Calculate the interest expense, depreciation and the right-of-use asset and lease liability for the period
- Take care of the presentation in the financial statements.
