We are pleased to announce the release of Qube Horizon Service Pack 6, which includes extending the IFRS 16 and ASC 842 functionality to include the management of equipment leases.
Horizon is a fully functional, deeply rich and highly flexible real estate software platform. It is one of the most technically advanced solutions on the market and is accessible anytime anywhere through the cloud.
Service Pack 6 enhancements enable Horizon to be the one stop solution for the new regulatory requirements as it allows our customers to manage both real estate and equipment leases and removes the necessity for customers to record real estate leases in one system and equipment leases in another.
By 2019, many companies will need to have procedures and processes in place to conform to the new financial reporting requirements and so automation of these complex calculations along with full auditability and appropriate segregation of duties is considered to be the best practice approach. All of which can be provided through Horizon.
For more information on Horizon Service Pack 6 and to find out the benefits it can bring your business, get in touch.