Lessees got one model under IFRS 16; lessors kept two, and the two share almost no measurement logic. Most tools pick a side. FinIFRS runs both: a lessee engine for right-of-use assets and lease liabilities, and a lessor engine that branches at classification into finance and operating — each feeding a balanced journal, a disclosure pack and a hash-chained audit trail. Contracts come in through a form, an Excel importer or AI extraction, and all three call the same engine.
Discount rates typed once and never revisited, modifications booked as new leases, CPI resets applied by overwriting the schedule, and a lessor book that treats every lease as operating because the classification test was never run.
¶44–46 decide whether a change is a separate lease or a remeasurement, and at which rate. Overwriting the schedule loses the gain or loss and the history.
The ¶46A rent-concession relief only covered payments due on or before 30 June 2022. A concession granted now must be remeasured — many registers still credit it to P&L.
Finance or operating is decided at inception, not commencement, and drives everything after. Spreadsheets rarely store which date the test used.
Real estate groups, equipment lessors and NBFCs that both lease in and lease out need both engines — and need them to agree.
Right-of-use leases in and finance or operating leases out, with intercompany pairs visible from both ends.
Scope increase, scope decrease, term change and consideration change routed through ¶44–46 with the revised rate and the P&L delta — history preserved.
The ¶46A sunset is enforced in the engine, so the form, the API, the CPI batch and any future import are held to the same rule.
Inception vs commencement kept apart, IRIL solved, net investment unwound, straight-line operating income, ECL on lease receivables and residual value review.
Load a CPI index once; every linked lease is remeasured through the same event engine.
Form, Excel and AI extraction all call one create function. A bulk-loaded book produces the same figures to the rupee as a hand-typed one — and a test proves it.
Two engines, one governance layer.
Lease onboarding is document work. That is where the model is used — with confidence, provenance and a second review.
PDF or Word contracts read into a draft lease — parties, dates, payments, escalations, options — with a verify pass before a person commits it.
The same pattern on the lessor side, routed to a review queue with field-level confidence and provenance.
Ask about a lease or the book; answers come from the stored schedule and events through lease-specific tools.
Signals on renewal and termination options to support the ‘reasonably certain’ judgement — as evidence, never as the decision.
Across every FinIFRS product the rule is the same: a deterministic, tested engine computes and stores every figure first. AI reads documents, drafts sentences and answers questions over what is already stored — it never computes, posts or approves an amount.
The judgements that differ by entity are settings with an approval, not code.
Against the lease tools and registers finance teams use today.
| Capability | Lessee-only lease tool | Excel register | FinIFRS |
|---|---|---|---|
| Lessee and lessor on one platform | Lessee only | Two workbooks | ✓ Both |
| ¶44–46 modification decision tree | Partial | Overwrite | ✓ With history |
| ¶46A sunset enforced | — | — | ✓ In the engine |
| Lessor inception-date classification | — | Rarely | ✓ Stored with evidence |
| CPI batch remeasurement | Manual | Manual | ✓ One upload |
| AI contract extraction with review | Some | — | ✓ Both sides |
| Same figures from form, bulk and AI | — | — | ✓ One engine, tested |
Licence the lessee side alone — the lessor engine is a separate grant. You can add it later without re-loading anything.
As an ordinary lease modification under ¶44–45. The ¶46A expedient lapsed for payments due after 30 June 2022, and the engine enforces that for every entry route.
Extraction produces a draft with field-level confidence and provenance; low-confidence fields route to a second review. Nothing reaches the ledger until a person commits it through the same engine as a hand-typed lease.
We extract, measure and reconcile a sample of your leases — both sides if you have both — and show you the modification and classification findings in your current register.