With the rapid pace at which technology evolves, keeping an eye on the latest developments can feel like a full-time job. The cloud, big data, the Internet of Things - it seems that just as you’ve got your head around the latest tech trend, there’s a whole host of new ones to get to grips with.

London, United Kingdom, 19th July, 2018 - Innervision Management Ltd (“Innervision”) is delighted to announce that at the end of June 50 new clients globally have now selected Innervision’s acclaimed LOIS Lease Accounting (LLA) solution as their preferred platform to manage the transition and comply with the new IFRS 16/ASC 842 lease accounting standards.

Transition and Compliance:

Back in the day the International Accounting Standards Board (IASB) together with the Financial Accounting Standards Board (FASB) resolved to redefine the treatment of leases, their assets and their associated liabilities with regard to financial accounting and reporting.

An increasing number of organisations are choosing to lease their business assets rather than buying them outright. There are a number of advantages to this, such as less cash being needed for the initial investment, it being easier to ensure equipment is up to date, as well as certain tax benefits, depending on the tax jurisdiction.

London, United Kingdom, July 3rd, 2018 - Furthering its dedication and commitment towards improving the organisations ethical business practices, today Innervision Management Ltd (Innervision) is proud to announce that it has joined the Clean City Awards Scheme (CCAS).

You will no doubt have heard the term “digital transformation” being used by many organisations. Companies that have embraced this concept are working to take advantage of digital tools to improve operational processes and increase profits.

Overview: What does the new lease accounting standard entail?

Back in February 2016, The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASC 842) with the intention of improving on implementation the financial reporting of lease transactions whether the leasing of aircraft, property or equipment of any type – IT, copier, medical or manufacturing.

London, UK — Thursday, 7th June 2018 - 2 pm (BST) — Innervision Management Ltd, an industry leading provider of lease management services and SaaS (software as a service) lease accounting software, are today pleased to announce a new lease management and SaaS lease accounting agreement with House of Fraser (HoF).

London, United Kingdom — 5th June 2018 — 11 am (BST) — Innervision Management Ltd (“Innervision”), a global leading provider of cloud-based lease management and lease accounting software in the enterprise lease accounting market, today announced that Vion Food Group (“Vion”), a leading international meat processing company has recently selected Innervision’s market-leading solution LOIS Lease Accounting (LLA) to support its IFRS 16 transition and compliance project.