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Simplify your IFRS 16 / ASC 842 transition

Use Artificial Intelligence to take the pain out of generating the relevant data

Let our technology save you cost & time

What needs to happen?

The new Lease Accounting Standards IFRS 16 / US GAAP ASC 842 will affect global corporations. $2,8 trillion worth of assets will need to be put on the balance sheet by January 2019.This will require massive amounts of time, money and resources to be in compliance.

What should you do?

Use our algorithms to quickly find the information you need.

We leverage Artificial Intelligence to automatically extract and structure data from all of your lease asset documents.

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Asset lease document types

Our AI software is tailored towards all kinds of IFRS 16 / ASC 842 asset lease document types. See below for the different types and a few exemplary data points that can be automatically extracted by our algorithms.

Real estate leases

Real estate leases

  • Landlord Name
  • Commencement Date
  • Rent Charge
Equipment leases

Equipment leases

  • Lessee Name
  • Asset Value
  • Length of Lease Term
Machinery leases

Machinery leases

  • Lessee Name
  • Asset Value
  • Length of Lease Term
Telecoms leases

Telecoms leases

  • Lessee Name
  • Asset Value
  • Length of Lease Term
Vehicle leases

Vehicle leases

  • Lessee Name
  • Asset Value
  • Length of Lease Term
Master services agreements

Master services agreements

  • Lessee Name
  • Asset Value
  • Length of Lease Term

How to simplify your transition

Collect all leases

Collect all leases

Compile global leases in more than 20 languages in one platform.

AI Information Extraction

AI Information Extraction

Automatically extract key data with our AI technology. 

Find information faster

Find information faster

Save up to 75% cost & time on lease review. Find the relevant information with only a few clicks.

Feed into your Accounting system

Feed into your Accounting system

Ensure complete and up-to-date information in your ERP system. Prepare your balance sheet.

What our partners say

LEVERTON’s machine learning technology is a perfect match for our new corporate real estate and leasing solutions making the transition for IFRS 16/ US GAAP ASC 842 an easy success for our customers.

Tobias Decker

Head of LoB Real Estate

SAP

Nico Flemming

Senior Manager

KPMG

Together with LEVERTON, we have a unique opportunity to present clients a one stop, expert solution for managing the IFRS 16 and ASC 842 transition.

Chris Biggs

Managing Director

Theta Financial Reporting
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