The trusted solution for NFRS 16 compliance.
Home / Solutions / NFRS 16 Lease Software The trusted solution for NFRS 16 compliance.
Streamline, simplify and automate your lease operations. SF Tech Lease Compliant Software gives you an all-in-one accounting and portfolio solution to achieve NFRS 16 compliance.
Request a Demo Try the live demo app.sftech.com.np / nfrs16 / lease-register SF Tech Dashboard Lease register Journals Reports Lease register ● 128 active Lease Term ROU asset Status Head Office — Kathmandu 10 yrs Rs 420M Posted Tower Site — East Region 7 yrs Rs 96M Posted Data Center Lease 5 yrs Rs 188M Posted Warehouse Unit 4 3 yrs Rs 24M Review Regional Office — West 6 yrs Rs 71M Posted Designed with experts World-class, accurate and cost-effective
We worked with chartered accountants who are experts in NFRS 16 to design a world-class compliant software. NFRS experts in Nepal introduce our lease-compliant software to their clients — and you'll soon see why.
Our NFRS 16 Lease Accounting Software provides an accurate, reliable and cost-effective solution.
Key capabilities
- ✓ Covers all three NFRS 16 transition approaches
- ✓ Easy solution to complex calculation — click of a button
- ✓ Generates NFRS 16 journals
- ✓ Analyze and review NFRS 16 data
- ✓ All-in-one solution: acts as a lease register
- ✓ Customizable to your requirements
How does it work? Four modules, one connected workflow
1 Dashboard
- Information on all leases to help you analyze and understand current scenarios
- Graphical presentation of relevant information
- Total ROU assets, saved reports and total active leases at a glance
2 Leases
- All lease information centralized in one place, on one screen
- Add leases via New Lease, MS Excel upload tool, or manual input
- Multi-asset addition supported
- Upload individual lease contracts and agreements
- Handles subsequent modifications, partial and full termination per NFRS 16
3 Reports
- NFRS 16 accounting report showing summary of RoU assets
- NFRS 16 journals
- Impact Assessment Report for the NFRS 16 transition date
- Lease register with all necessary information
- Summary of eligible tax expenses per Income Tax Act 2058
- Save necessary leases and reports separately
4 Users
- Easy to control and track information
- Create a super user with overall authority over data input and control
- Create any number of users as required and keep track of them
Built for banks and financial institutions Every branch, ATM and counter lease, under control
Commercial banks, development banks, finance companies and microfinance institutions rent hundreds of premises: branches, extension counters, ATM sites and regional offices. Each agreement has its own term, advance rent and escalation clause, and each one needs an NFRS 16 lease liability and right-of-use asset that will stand up to statutory audit and NRB inspection.
SF Tech keeps that whole portfolio in one register and produces the numbers your finance team and auditors need, every period, from the same controlled source.
Try it with sample bank leases What BFIs use it for
- ✓ Branch, extension counter and ATM rent agreements in one register
- ✓ Fixed escalations (for example 10% every 2 years) built into the liability from day one
- ✓ Branch relocations and closures handled as modifications or terminations
- ✓ Maturity analysis and current/non-current split for the financial statements
- ✓ Rent paid vs NFRS 16 expense for Income Tax Act 2058 and deferred tax
- ✓ Merging two lease portfolios after an acquisition, loaded straight from Excel
Proven at national scale Trusted by Nepal Telecom
Nepal Telecom manages an extensive portfolio of leases and sites across the country on SF Tech's NFRS 16 software.
1-click Complex NFRS 16 calculations
- Lease liability, ROU asset, interest and depreciation for every lease at once
100% Audit-ready journals
- Every figure traces back to the agreement and the calculation behind it
All 3 Transition approaches covered
- Full retrospective and both modified retrospective options, with an impact assessment report
Questions from finance teams NFRS 16 software FAQs
How long does it take to go live? Most of the work is collecting your lease data. Once your agreements are in an Excel sheet, they upload in one step and the NFRS 16 figures are calculated immediately. We help with the template and the first upload.
Which discount rate does the software use? You set the rate for each lease, normally your incremental borrowing rate (IBR) for a similar term. Different rates can be used for leases signed at different times.
Can it handle advance rent, escalations and short-term leases? Yes. Payments in advance or in arrears, monthly to yearly frequencies, fixed escalation clauses, initial direct costs, and the short-term exemption for leases of 12 months or less are all supported.
What happens when a branch moves or closes? The software records the modification or the partial or full termination as NFRS 16 requires, remeasures the liability and updates the schedules and journals from that date.
Can we see it working before a meeting? Yes. The live demo runs with sample leases for a fictional bank, and you can add your own lease to see the calculation. For a full walkthrough with your own agreements, request a demo.
See the software in action.
Book a demo and watch your own lease scenarios modeled in SF Tech — from upload to journals.
Request your demo Try the live demoSupreme Fintech Pvt. Ltd., Koteshwor, Kathmandu. +977-9849624350. info@supremefintechnepal.com