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Nomos One is your trusted, IFRS 16 (AASB 16) lease accounting and lease management software solution. Perfect for property, equipment, vehicles and any type of asset, Nomos One will transform the way you manage your portfolio and help you achieve compliance with IFRS 16 (AASB 16). You'll benefit from event tracking and reminders, customisable fields and reports, easy document generation, and unlimited users, storage and support.
Provider
Nomos One
Located In
New Zealand
Foundation
2011
Open API
Unverified
Deployment
Cloud, SaaS, Web-Based
Training
Live Online, Documentation, Webinars, Videos
Support
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support
Perfect for those that manage many leases spanning property, vehicles, machinery, printers, laptops, office equipment and assets of all types.
Content Source: Nomos One
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Nomos One Reviews
Pros
Integrating this into our business was easy, and the onboarding team was great.
We tried to do it on spreadsheets, but this quickly turned into a quagmire. Nomos provided a great solution, with exceptional implementation and after sales service.
Very happy with the product and is cost effective.
Overall experience is good. Ease of use, Userfriendly, great customer support.
Cons
For example - June 22 finished so that can't store lease liability or other report, if someone mistakenly did some changes in the leases than when re-run the report, it will give us new numbers.
Twice we have found errors in the Nomos One lease accounting calculations. All data entry was correct but glitches in the program produced the incorrect numbers.
There is no hard close so data can be changed retrospectively.
The interface is clunky in some parts which can lead to difficulty in capturing all the correct data in the right places.
"Cheap and easy"
Overall: Very good tools and very good for money.
Pros: Very easy to use and modified report. The price also not expensive.
Cons: Nothing to unlike about Nomos One. All feature as required.
"CAA Nomos One Experience"
Overall: Extremely happy with the operation of Nomos One. Current information at your fingertips when checking on invoicing, events etc. As long as events are appropriately loaded into the system, efficient reminder process ensures events are handled in a timely manner.
Pros: The availability of information at a glance. The split portfolios allow records to be arranged in a pracatical manner and are easy to access. Documentation is attached to various records to assist in property management activities - information at a glance!The Nomos One Knowledge Base is extremely helpful if you become stuck on how to do something not previously experienced.
Cons: Have difficulty in extracting accurate detailed reports, however, this could probably be resolved with some additional training.
"Lease Accounting software"
Overall: Not satisfactory.
Pros: It does provide a good management over portfolio of properties and lease management
Cons: Not much Accounting and reporting capabilities. Not able to download reports directly, have to reach out to Support team for everything which is very inefficient and time consuming.
"Nomos One is an all in one lease accounting solution"
Pros: The Nomos One team is top class with excellent customer service providing easy to access implemention and day to day support. The software has many functionalities that you will need to meet disclosure and accounting requirements for lease accounting.
Cons: The transition in the underlying engine supporting lease calculations did leave old reporting features missing that will be brought back in the future.
"Great all over product with excellent cutomer service A++++"
Overall: Company wide NOMOS Is invaluable to managers and staff alike a must for all businesses especially those with a large portfolio
Pros: Its a one stop shop for Contract management utilizing all new tax requirements IFRS16
Cons: Any features that we have found to be inefficient NOMOS have worked at updating these and been proactive at coming up with solutions or more efficient reporting
