Multibook Co., Ltd. announced that over 50 companies have decided to implement the global cloud ERP "multibook" for new lease accounting standard compliance, with parallel operation and early adoption projects starting sequentially. The company plans to further strengthen its communication of implementation case studies and operational know-how.
Background
Starting from fiscal years beginning on or after April 1, 2027, mandatory application of the new lease accounting standard begins, requiring in principle all lease transactions to be recognized on the balance sheet. Companies are urgently preparing for this transition.
Three Key Selection Factors
- IFRS 16 compliance track record: Comprehensive functionality for complex lease contracts
- Foreign currency and consolidated reporting: Achieving consistent lease asset management across global operations
- Automation capabilities: From materiality assessment to journal entry generation
Key Features
- Complex lease contract handling
- Automatic assessment and calculation
- Deployment possible in as little as 2 weeks
- Consolidated financial reporting support