Lease Management and Accounting System

Nottinghamshire County Council (NCC) is required to adopt the new accounting standard IFRS16, Leases, which replaces IAS 17 Leases and its related interpretations. It will apply to the 2021/22 financial statements, with a number of disclosure requirements required showing the impact of the new standard within the 2020/21 financial statements. Therefore, NCC require a solution to record these leases and undertake these calculations. Our requirement is to buy a Lease Management and Accounting System that facilitates this. NCC is moving to Cloud based solutions and therefore we are looking for a software as a service (SAAS) solution.

Additional information: Tender documentation available at www.eastmidstenders.org