Reduce Errors
Automate calculations and tasks that are time-consuming, prone to error and difficult to audit.
Manage Complexity
Proactively tackle all the complexities that come with leasing your diverse range of leases from fleet, equipment, assets & property.
Improve Efficiency
Achieve company-wide visibility of lease data and collaboration on a single platform to drive up performance and productivity.
Are you compliant with FRS 102 leases?
Get ahead of the curve and ensure a smooth transition before the deadline, giving you peace of mind on achieving compliance.
The implementation of the lease accounting standard FRS 102 will affect many private companies, from construction to logistics, right through to social housing providers, and everyone in between. With the changes coming into effect, all high-value leases will be affected, so it’s important to get a system in place to ensure compliance.
This new standard can be difficult and complex to navigate and implement for organisations without dedicated lease accounting knowledge. MRI Software has over 50 years of experience in supporting businesses managing their lease agreements and helping to comply with the introduction of new standards such as IFRS 16.
Take back control of your end of year accounting
Centralise data, automate calculations and simplify lease management workflows with MRI FRS 102 software
AI powered data capture and centralisation
AI powered data capture and structuring to manage the complexities of lease portfolios across different sectors, currencies and languages.
Automated calculations and reporting
Real time calculations and re-calculations based on updates to a single data source and providing a permanent audit history.
Lease lifecycle management
Share data, get alerts and perform all the necessary lease accounting functions with simplified workflows and better collaboration.
Freedom from inconsistency, manual processes and missed events
How the software will help
Automate re-calculations
Automatic recalculations and associated balance sheet adjustments when required.
See new disclosure reports
New disclosure reports providing details of right of use assets, interest, amortisation, cash flow and weighted terms.
Get alerts
Get notification alerts when critical information changes.
Model scenarios
Scenario modelling of lease terms to limit the impact of new leases on the balance sheet.
Integrate with ERP
API available to interface FRS 102 journals and lease payments to your corporate ERP.
Create asset class matrix
Create an asset class matrix and define discount rates by asset type.
Group assets to one lease
Multiple assets grouped to a single lease contract when required.
Set thresholds
Set materiality thresholds with the ability to exclude low value leases.
Manage decisions
Manage decision-making process for break clauses and extensions.
Manage subleases
Handle the impact of FRS 102 on your subleases.
Our Clients
Key facts
1000+
implementations
100+
countries
50+
years of industry experience
Ensure a smooth transition
Automate calculations and simplify your accounting with MRI’s FRS 102 lease compliance software
AI powered data capture and centralisation – AI powered data capture and structuring to manage the complexities of lease portfolios across different sectors, currencies and languages.
Automated calculations and reporting – Real time calculations and re-calculations based on updates to a single data source and providing a permanent audit history.
Lease management – Share data, get alerts and perform all the necessary lease accounting functions with simplified workflows and better collaboration.
3 steps to take control of your FRS 102 compliance
1. Book a free no obligation demo
2. Implement MRI's lease accounting software
3. Achieve full compliance with ease
Frequently Asked Questions
What is FRS 102?
What are the effective dates for FRS 102 coming into effect?
Why are these changes to lease accounting?
What is the impact of FRS 102 on lease accounting?
What are the opportunities and benefits to adopting FRS 102?
Why is departmental collaboration for FRS 102 so important?
What are the advantages of using a specialist solution or service for lease accounting to achieve FRS 102?
Let's Connect
Fill in the form to learn more about our software solutions and services for workplace management, lease administration and lease accounting.