SpiderPig is a browser-based lease management tool for collecting contracts, calculating lease balances, and preparing IFRS 16 reports and disclosures. Users can enter lease details directly or import key data through an Excel template or another format. Calculations cover lease liabilities, right-of-use assets, dismantling obligations, depreciation, interest, and changes caused by reassessments, modifications, and terminations. More than 100 validation controls can block entries or issue warnings. Stored schedules are designed to make calculations traceable and auditable for retrospective reporting. Standard reports include financial statements, subledgers, movement tables, and IFRS 16 disclosures. Generated postings can be sent by file to SAP or other ERP systems, or pushed to a consolidation application. Contracts and related documents stay with lease data, while auditors can receive predefined read-only access. Scenario simulations and graphical portfolio views support planning and forecasting. The preconfigured, platform-independent system uses PHP and MySQL and runs through a web browser. Pricing is on request.
Who it is for
SpiderPig suits IFRS 16 adopters, including groups using multiple ERP systems and smaller IFRS users. It also supports finance teams that need auditable schedules, reporting, and scenario analysis.
What is good
- Calculates IFRS 16 lease balances
- Provides more than 100 validation controls
- Stores auditable calculation schedules
- Exports postings to ERP systems
- Supports scenario and portfolio analysis
What to know first
- Pricing is available only on request
- Runs through a web browser
- ERP postings are sent through files or consolidation applications
Verdict
SpiderPig combines lease data collection, IFRS 16 calculations, validation, reporting, and audit support in one browser tool. Its file-based ERP posting options and stated customization support should be considered during implementation.
Compared on lease accounting software
- Standards supported
- both
