IFRS 16 standard compliance
With almost 1,000 lease contracts in France and overseas, Clarins must comply with IFRS 16 requirements and was obliged to do so when this standard came into effect on January 1st, 2019.
● Finding a software meeting IFRS16 standard
● Simplifying contracts management
& 45 users of the Lease application
" We decided on Lease very quickly. I was already aware of Viareport’s reputation and I knew that it was a well-established player in the market. I had also heard many good things about Lease which had already been in existence for several years, and which managed IAS 17 lease contracts when the initial version was released. "
" It was very reassuring and encouraging for us to know that the solution had already proved its worth in the past, unlike other rival solutions. Moreover, the sales presentation, with its product demonstration and financial proposal, was very convincing. The solution developed by Viareport enables us today to monitor changes in our contracts in real-time and to set up the required alerts. "
" The Lease implementation project started in a very busy period of time when all software publishers and integrators were much sought after to help businesses comply with IFRS 16. We were lucky to have a dedicated Viareport consultant who oversaw the entire project. This ensured that we had access to a single contact who was highly responsive and available. We never felt that we were left to fend for ourselves because we always had someone who could answer our questions. "
" We were very satisfied with the support provided by Viareport. In this type of project, there are two very important aspects. Firstly, the relationship with the sales consultant, and secondly, the competence of the consultant in charge of the project. "
Brought to life through the viareport agile development process. LEASE is a cloud based application, easy to use and to roll out. It eases your workflow and your consolidation issues regarding the evolution of IFRS16 and IAS17standards.