Nomos One

Pros: Can easily understand. There are readily available videos that can help new users.

Cons: IFRS16 modification before the renewal.

Pros: Integrating this into our business was easy, and the onboarding team was great.

Cons: Given we gave all the documents intially, I believe the assumptions template could have been prepared by the Nomos One team

Pros: Daily Calculation reports. Cpi and market review calculation.

Cons: Old report can't store. 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.

Pros: Without Nomos, our IFRS16 reporting would be impossible.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.Any problem we take to them is quickly analysed and the correct solution provided, if not the same day, then overnight (due to time differences Aus<>NZ)

Cons: firm period ending process is needed to complete the product

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.

Pros: We like Nomos One as part of accounting where leases are tracked in terms of what are expiring, almost due and overdue. The reports are useful as well as this form part as a schedule in our reports. Leases are easy to set up and modify when needed. Most importantly, the customer service is so helpful when there is an issue encountered.

Cons: Nomos One usually works in Chrome and not in Internet Explorer or Edge. So, need to have Chrome updated all the time.

Pros: It makes life easy when you have a lot of leases. IFRS 16 resolved.

Cons: Nothing to not like. Nomos one is great.

Pros: The customer support is excellent and always available

Cons: There are a large number of system limitations impacting both IFRS16 reporting and lease management which make the product not fully fit for purpose

Pros: Team is very helpful, product is inexpensive and is well known and understood in the market

Cons: The time to do the initial set up, would be great if we could pay to get additional help having everything captured

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

Pros: user friendly, information straightforward

Cons: system doesn't true up in current month when making changes

Pros: Customer service and system support is great, they get back to you on a timely manner.

Cons: I think the report functionality needs to improvement. For instance, the advanced custom agreement report, cannot be saved. And additional fields should be added (for instance discount rate)And maybe, if a budget function can be added to the system that will be great.

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.

Pros: Ease of use, customer support is quick, user friendly. some reports at consolidated level is good

Cons: Reports- should give detailed report at individual levelwhen balances changes from last month to current month due to system issue, notification should be provided to users like new engine change.

Pros: The platform is straight forward and easy to use.

Cons: 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. We have had to implement manual checks on the Nomos One reports to ensure accuracy.

Pros: Easy to Navigate website, able to keep track of all leases & calculate basic leases with no issue. Report extraction include journals to be posting, which is very helpful.

Cons: While there are many features on Nomosone which is awesome, sometimes it would give out too many notifications on CPI reviews, annual reviews, expired leases.

Pros: Ease of reporting at the end of month for financials.

Cons: There is no hard close so data can be changed retrospectively .

Pros: The ability to track a whole portfolio of complex lease agreements with easy reporting for month end accounting purposes

Cons: The interface is clunky in some parts which can lead to difficulty in capturing all the correct data in the right places

Pros: Features are great easy to navigate, user friendly and good layout. Dashboard reminders are great to follow up tool

Cons: The beta versions need to be improved, spoke to customer service and they were helpful and was able to resolve the issue immediately

Pros: Easy to use and well laid out. I like the timeline and easy to use events

Cons: Would like to open more than one page, as often working on more than one property at a times

Pros: Uploading documentsTimeline of eventsEasy updates for renewals and rent reviews

Cons: Downloading reports in easy to read format

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.