Given that MFRS 16 - Leases is a new standard which requires fine-tuning, there are lacking areas that required improvement. The team has acceded to our requests on a timely basis, showing in-depth knowledge on our requirements and dedication. As a result, the engine has been improvised to be able to keep up with the transactions within our company. Review collected by and hosted on G2.com.
Data dump, when reports generated included a substantial (if not all) lease contracts. While this problem persists, the team and my main pivotal person-in-charge were accommodating in assisting us in work-around solutions, thereby still achieving our project objectives. Review collected by and hosted on G2.com.
15 out of 16 Total Reviews for Cognitus
Availability of the resources is the best part of the engagment. Nito was always ready to help in any scenrio Review collected by and hosted on G2.com.
Marketing could be better. The team could do a better job making inroads once they get into an organization Review collected by and hosted on G2.com.
Team and Product! They are adding new functionalities to support Air Defence Business Review collected by and hosted on G2.com.
Nothing as such.I havent came accros anything whichi dont like Review collected by and hosted on G2.com.
It has an add-on for IFRS 16, that needs to be installed in SAP system. Once installed (which is implemented in a very short time), it can be configured and further enhanced to meet specific business requirements. Hamilton also provides detailed contract information, all contract adjustments and modification. Hamilton engine can also do automatic posting (accounting document) to main financial system in SAP ECC or S/4HANAsystem. Moreover, Hamilton has a unique implementation approach to take between 3 to 4 months. It is a complete IFRS 16 solutions, it supports lessee accounting and lessor accounting, intercompany lease, sublease, sale and leaseback, bargain purchase option, consumer price index and many other complex IFRS 16 requirements. My clients very satisfied and greatly helped by Hamilton. Happy clients are the best advertising money can't buy, but Hamilton can. Review collected by and hosted on G2.com.
This application should have been invented earlier than before so that more people will find it easy and helpful when using Hamilton for supporting their work. Review collected by and hosted on G2.com.
simple reporting process with power full information and completed dashboard. Review collected by and hosted on G2.com.
still using excel files as an intermediary for the data to be processed, hope that in the future there will be a tool that can integrate with the related SAP module, so that it can minimize corrections Review collected by and hosted on G2.com.
is more than just a calculating tool this is a great calculating machine especially to help calculate PSAK 73 / IFRS 16 which is quite complicated so that we can leave our excel calculations, with fast implementation and consultant mastery of PSAK 73 / IFRS 16 problems that are very helpful in terms of configuration in the system and the adoption of user switching from manual to the system.
The added value of this Hamilton engine is the builtin function in our SAP ECC 6 ERP so we don't need to maintain systems outside of SAP Review collected by and hosted on G2.com.
needs to be considered in the future needs to be made for an out of the box integration mechanism with the SAP MM contract management system because PSAK 73 / IFRS 16, the key is in dynamics contract so that the system can be streamlined Review collected by and hosted on G2.com.
-Help to make our MFRS 16 reports easier and save us a lot of time preparing the reports.
-Hamilton engine also helps us to do automatic posting monthly (for MFRS16 adjustment). Review collected by and hosted on G2.com.
lot's of process need to be done but with continuous learning will help to understand the process better. Review collected by and hosted on G2.com.
The report in Hamilton already covers the reporting needs of IFRS16 in Indonesia, it is very easy to use by users in reporting, the calculations are very reliable, the configuration of Hamilton is quite easy for consultants. Review collected by and hosted on G2.com.
Even though the reports are very easy to use, there are many processes to produce these reports where the user is sometimes confused. not flexible in add new custom data in the table. it is difficult to use for some companies whose accounting is still in the transition from cash based to accrual based. Review collected by and hosted on G2.com.
Consultants from hamilton really understand what they are doing and can provide solutions to any business process problems quickly and precisely. Review collected by and hosted on G2.com.
The current process is still separate between the SAP Purchasing module and Hamilton, it would be great if the modules in SAP are directly integrated with the current Hamilton solution Review collected by and hosted on G2.com.
Hamilton can solve heavy case and the implementation will not disturb the current business processes. at the end of implementation, user still can run their classic report using their usual transaction and also can have new IFRS 16 report thru Hamilton software. Review collected by and hosted on G2.com.
Minimum human resources which understand Hamilton software Review collected by and hosted on G2.com.
Product developed by considering all simple and complex business scenarios. Very helpful in automating IFRS process for any industry sector. Also, great team work during project implementation. Review collected by and hosted on G2.com.
UI is SAP based. It would be better if product come up with non-sap UI based as well. So that management can see reports via any device like mobile, tablets etc.. Review collected by and hosted on G2.com.
