Hamilton is designed to adapt to future regulatory changes, so you always be covered
Hamilton is the simplest, fastest, and most comprehensive solution for businesses to achieve compliance in an ever-evolving world of accounting regulations.
Helping you build what next
Worldwide, organizations are struggling to keep up with ever-changing compliance standards. And at Cognitus, we understand the challenge. This is why, we’re bringing you the Hamilton Engine — designed to enable easy configuration in an evolving regulatory environment.
Hamilton has capabilities to meet the requirements of both IFRS 15/ASC 606 and IFRS 16/ASC 842. The Automated Accounting Framework is also built to adapt to changing needs. Hamilton’s adaptable, resilient, and use-case-driven core technology will always be able to serve you and your business, regardless of future legislative changes.
Shorter Implementation Time
The Hamilton Edge Lower Overall Costs
Leading the Industry
The Hamilton Features
IFRS 15 and ASC 606
Significant financing component
Shared plans/sharelines with single or multiple devices
Accounting for contract modifications: Upgrade/Downgrade and Termination
Revenue Recognition based on IFRS 15 5-step model
Contract Asset / Contract Liability Accounting
Dynamic SSP determination
Accounting for multiple-deliverable arrangements
IFRS 16 and ASC 842
Present Value Minimum Lease Payment (PVMLP) computation
Effective interest method, lease liability amortization
Bundling: Multiple lease and non-lease components
Intercompany Leasing Transaction
Consumer Price Index