A high quality and fully functional IFRS 16 accounting tool
friendly, simple and easy-to-use user interface while fully serving the needs for an IFRS 16 applier
SpiderPig lease accounting software is a platform-independent lease accounting tool to collect and organize your lease contracts, perform calculations and meet reporting and disclosure requirements in accordance with IFRS 16.
As entities in a group can have several ERP-systems from different vendors in their IT architecture, the ideal IFRS 16 tool needs to be able to connect different organizational units to different systems. A separate tool is therefore preferable for their wide-spread needs compared to a solution within one of the existing ERP systems.
Our aim was from the very beginning to develop a complete IFRS 16 solution for recording and maintaining lease contracts, validating the coherence of data, running all IFRS calculations, producing the necessary reporting and providing the required posting entries to SAP and non-SAP ERPs or existing group IFRS consolidation and reporting tools.
SpiderPig is a plug-and-play, pre-configured and platform independent tool that is based on PHP and MySQL technologies. It can be installed and configured in any kind of IT architectures, end user only needs a web browser to operate it efficiently. The use of these wide-spread and commonly used technologies ensures that smaller IFRS users can avoid the need to invest into a separate server, infrastructure, licenses, and facilitates the installation and maintenance of the tool. SpiderPig fits seamlessly into your current environment and enable you to easily meet IFRS 16 requirements.
SpiderPig is a plug-and-play solution that enables you to simplify the implementation of IFRS 16 for lease contracts. It is a powerful engine with a user-friendly design that automates complex calculations such as the calculation of the initial right-of-use asset and lease liability amounts, the effect of reassessments and modifications, the amount of liability arising from dismantling obligations (ARO), etc. Despite it has a full pre-configured IFRS 16 functionality, the technology offers the possibility to integrate additional custom needs and content and adjust it as needed.
SpiderPig is designed to meet all requirements related to lease accounting under IFRS 16 and has the following main functionalities:
We are a startup company in Budapest, Hungary managed by two brothers. We are working to provide You with a high quality and fully functional IFRS 16 accounting tool called SpiderPig that has a friendly, simple and easy-to-use user interface while fully serving the needs for an IFRS 16 applier.
The team behind the software consists of highly educated IT and accounting experts having several years of experience, fully enthusiastic to serve Your needs and provide You with a tool that makes IFRS 16 implementation a smooth and joyful exercise.
Unlike large international companies, we are flexible and quick in case of special needs You might have during th implementation, let it be the integration of SpiderPig to your existing ERP or accounting system or adding fields that might serve your management’s needs.
Since SpiderPig is a html based solution, it can be easily installed on any computer environment, from a single machine workstation to a multinational environment having several branches around the world. The only thing necessary is a web browser.
The name roots from a Christmas family game, when children got some plasticine from Santa and start playing with it. The first object they made was a green pig. To make it a bit more frightening, the older ones put it into the middle of a spider web and started scaring the smaller ones with it. Since then, spiderpig become the most mentioned character in family barchoba games and inspired us naming our common child after it.