Lease Accounting Software

Get IFRS 16 compliant

Streamline, simplify and automate your lease operations. ZenTreasury Lease Accounting Software gives you an all-in one accounting and portfolio solution to help you achieve IFRS 16 compliance

Schedule a demo master.highest-rated

Easy and powerful solution providing all that the IFRS 16 standard requires

Lease Accounting Software
Alerts of maturing instruments

Alerts of maturing leases delivered straight to your email.

Company register

ZenTreasury comes with an inbuilt company register. Here you can define your company hierarchy. You can also add additional information regarding your companies, agreements, document, currency, limits and see your company audit trail, all in one place.

Portfolio Management

With the ZenTreasury you are able to handle all lease and rental agreements that need to be treated as liability and right-of-use asset according to the IFRS 16 standard.

Market data

Market data content is available via Data-Bond. You can also import market data manually or connect any other market data provider such as Reuters, Bloomberg etc

Multi-currency

Inbuilt multi-currency support. You can easily manage transactions in other currencies.

Changes during lease term

The system can handle any changes during your lease term. So, price, term and scope adjustments are easily managed in the same view. The amended lease flow will be immediately available, in the same window, as soon as the lease changes are confirmed.

Audit trail

With ZenTreasury the audit process is more fluid than in a manual environment. Audit trail tracks all changes to transactions by time, date and user stamp. You'll be able to show your auditors all the changes to your transactions during their life cycle.

Segregation of duties

Segregation of duties is one of the most important treasury controls. This is an essential tool in mitigating the risk of error or fraud. In ZenTreasury you can assign duties to fully meet your company’s requirements.

Payment Schedule Generator

Generate simple payment schedules for your lease payments.

Here's what our customers say

logo-wall

Elina F.

Financial Controller

ZenTreasury is easy to use for all across the organisation. Customer service is excellent and questions are answered without delay. ZenTreasury is also cost effective and you really get value for money.

Finnair testimonial

Minna Luovi

Treasury Manager

With ZenTreasury we were able to get all our trade finance instruments into one easy to use and simple system. Implementation was very quick and now we have full visibility into our agreements and the total costs.

logo-wall

Joni Virtanen

Group Financial Controller

We are really satisfied with ZenTreasury\’s service. It was very quick to implement, SaaS – based, easy to use and their multicurrency functionality really works.

All-in-one accounting & portfolio solution


Accounting Solution

With ZenTreasury you can compute all changes during the lease term and the possible P&L effects easily. You are also able to create all the necessary reports to adjust your financial statement. Accounting can be completed through three simple reports; lease changes, lease payments and month-end. All these reports can easily be exported to a spreadsheet or you can have the accounting entries, via interface, into your accounting system.

Features
  • Accrued Interest
  • Report for Lease Changes
  • Report for Lease Payments
  • Maturity analysis in accordance with paragraph 39 and B11 of IFRS 7
  • Month-end Report
  • Accounting Interfaces

Lease instrument view

In the instrument view you have basically everything in one place. Here you can define your lease’s portfolios, cost centers, start and end dates, purchase option prices etc. You can also add additional info into your instrument, add documents or see your lease instrument’s audit trail, all in one place.

Features
  • Amortization Schedule
  • Attachments
  • Critical Date Alerts
  • Cost centers
  • Currencies
  • Discount rate
  • Lease types
  • Payment schedule
  • Portfolios

Changes during lease term

The system can handle any changes during your lease term. So, price, term and scope adjustments are easily managed in the same view. The amended lease flow will be immediately available, in the same window, as soon as the lease changes are confirmed.

Features
  • Price, term and scope adjustments

Validated IFRS 16 calculations

ZenTreasury IFRS 16 calculations have been validated by an international audit firm. The following items where confirmed to be in accordance with IFRS 16:

  • valuation of the asset and liability at initial recognition and the yearly bookings are calculated correctly
  • different size additional payments at the beginning and the end of the leasing period
  • different payment intervals (monthly and quarterly payments)
  • prolonging of the original term
  • increase or decrease in scope
  • shortening of the term
  • termination of the lease before the original termination date
  • presentation of short-term and long-term liability at the end of the period
  • contracts in other currency (change in exchange rate)
  • interest calculation when payments are paid quarterly
  • depreciations
For Equipment Leases
For Real Estate
Accrued Interest
Report for Lease Changes
Report for Lease Payments
Maturity analysis in accordance with paragraph 39 and B11 of IFRS 7
Month-end Report
Accounting Interfaces
Company information
Amortization Schedule
Attachments
Critical Date Alerts
Cost centers
Currencies
Discount rate
Lease types
Payment schedule
Portfolios
Price changes
Term changes
Scope adjustments
Timestamps
Segregation of Duties
User roles
Role permissions

Do you have a pre-completed Vendor Risk Management questionnaire?

Yes, the Cloud Security Alliance (CSA). The CSA is among the best known cloud service frameworks and standards. The ZenTreasury Self Assessment entries can also be found on the ZenTreasury STAR registry.

Where is my data hosted?

ZenTreasury is a Software-as-a-Service (SaaS) application that is hosted on Google Cloud. We currently use data centers in Hamina, Finland.

What languages does ZenTreasury support?

We currently provide the system in English, Finnish, Russian and Spanish. ZenTreasury is a multilingual solution and let's customers enable multiple languages for it's users.

Contact Us

The best way to understand the benefits of ZenTreasury is to see it in action. Please complete the form and we will contact you for your free demo.