Insight & Analysis

Press release: Kyriba launches new lease accounting solution to help CFOs simplify compliance and global regulations

Published: Sep 2018

11th September 2018Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced the launch of a new lease accounting solution that enables accounting teams, corporate treasurers, CFOs and other senior financial executives to better mitigate risk through the centralized tracking of all corporate leases.

With new international accounting standards such as IFRS 16 scheduled to go into effect on 1st January 2019, corporates will be required to prepare detailed reporting and calculations for “off balance sheet” leases. Kyriba’s new module allows for rapid consolidation of lease data, auditable workflows, and automated calculations to simplify ongoing compliance overhead.

With the launch, Kyriba becomes the first treasury management vendor to offer lease accounting functionality as part of an integrated platform.The new module can be subscribed to separately or in conjunction with award-winning capabilities for cash and risk management, payments and working capital.

“Without an automated solution, corporates must rely on manual input, making them vulnerable to lack of auditability and visibility,” said Bob Stark, Vice President of Strategy at Kyriba. “Combined with recently announced capabilities for real-time fraud detection, advanced hedge accounting, multi-lateral netting and cash management, the development of the lease accounting solution demonstrates Kyriba’s commitment to meeting the evolving needs of senior finance leaders.”

Key features of Kyriba’s lease accounting solution include:

  • Multi-lingual central repository of all leases, managed in the cloud
  • Data exchange import and/or copy and paste from Excel
  • Document attachment for full visibility and auditability of lease details
  • Automatic calculation and reporting of values for asset, liability and depreciation
  • Management of life-cycle events such as early termination, extensions, returns, renewals and purchases

To learn more about the new module, please visit

All our content is free, just register below

As we move to a new and improved digital platform all users need to create a new account. This is very simple and should only take a moment.

Already have an account? Sign In

Already a member? Sign In

This website uses cookies and asks for your personal data to enhance your browsing experience. We are committed to protecting your privacy and ensuring your data is handled in compliance with the General Data Protection Regulation (GDPR).