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Simplify compliance, streamline processes while unlocking new insights into data
Hamilton Engine for IFRS 16 / ASC 842, GASB 87 Compliance
byCognitus Consulting
Simplify compliance, streamline processes while unlocking new insights into data
Hamilton Engine for IFRS 16 / ASC 842, GASB 87 Compliance
byCognitus Consulting
Simplify compliance, streamline processes while unlocking new insights into data
Designed to automate accounting processes and present them according to IASB/ GAAP guidelines, Hamilton's compliance algorithm adapts to changing regulations, to stay compliant with current regulations and future changes. Hamilton is an SAP add on compatible with ECC and S/4HANA.
Certifications
Solution Types
Extensions and Add-ons
Works with
SAP S/4HANA
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Benefits and Features
Benefits
Acquire end to end Lease Management functionality
Hamilton supports all aspects of lease management including lease creation, lease modification, lease termination, vendor and customer settlements and related accounting activities like classification, accruals, payments, business document generation, disclosure and reporting.
Add on to your current SAP ECC or S/4HANA system
Hamilton is embedded in SAP which means there is no installation required. It is compatible with both ECC and S/4HANA. We will have your business up and running much faster than our competitors can.
Reduce errors with use-case driven technology
Hamilton has over 80 built in use-cases which eliminates user intervention and makes it adaptable to evolving accounting requirements and reduces effort.
More Benefits
Fulfills lease inception requirements
Hamilton Engine supports IFRS 16/ ASC 842, GASB 87 requirements during lease inception for e.g. asset capitalization and lease obligation including initial direct costs, incentives, prepaid, index and purchase option.
Supports lease event handling
The Hamilton Engine app supports all scenarios of lease modification including price and/or contract tenure modification, lease extension, increase and decrease in scope and early lease termination both with and without a notice period.
Supports Multi-GAAP compliance
The Hamilton Engine app enables lease schedules per accounting standards set by Financial Accounting Standards Board (FASB), Government Accounting Standards Board (GASB) and further by classification type- finance, operating, short term, low value, service.
Supports complex use case scenarios
Hamilton IFRS 16 app supports multiple complex use cases for e.g. intercompany leases, subleases, sale and leasebacks, variable lease payments and leases with parallel reporting.
More Features
Plans and Pricing
Free Trial
Free
For 30 Day(s)
Free Trial
Includes 1 User
30 Day max. contract duration
Extra Small
USD
7,500
.00
Per Year+ USD 50000.00 Setup Fee
Extra Small
Includes up to 10 pre-configured Use-cases
Implementation in 2 months + 1 month support
Initial RoU =< 50 Million USD
Includes unlimited User
Small
USD
15,000
.00
Per Year+ USD 100000.00 Setup Fee
Small
Includes up to 10 pre-configured use cases
Implementation in 3 months + 1 month support
RoU =< 100 million USD
Includes unlimited User
Medium
USD
22,500
.00
Per Year+ USD 150000.00 Setup Fee
Medium
Includes upto 15 pre-configured use cases
Implementation in 4 months + 1 month support
RoU is <=1 Billion USD
Includes unlimited User
Large
USD
30,000
.00
Per Year+ USD 200000.00 Setup Fee
Large
Includes 15+ pre-configured Use-cases
Initial RoU > 1 Billion USD
Implementation in 6 months + 1 month support
Includes unlimited User
Technical Information
The information contained in this section is provided by the publisher.
Solution Types
  • Extensions and Add-ons
Works with
  • SAP S/4HANA
Certifications
Publisher
Cognitus Consulting
View All Solutions
Cognitus is the first S/4HANA conversion factory partner of SAP in North America, assisting business’ transformation to the Intelligent Enterprise. Our work culture focuses on achieving a sustainable success by immersing the business early on and empow...
 Publisher Website