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IFRS 16 standard compliance

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Product Viareport Lease Company IMI Name Andrew Jackson Job Title Chief Financial Accountant, IMI Plc Industry Engineering

Context

IMI was looking for a centralised solution to manage IFRS 16 reporting of 4000 lease contracts, spread across 200 users worldwide.

Key Figures

  • Turnover £1,700m
  • 12,000 employees

4,000 Lease Contracts

Over 200 users worldwide

After considering solutions from other competitors, it was clear that with Viareport LEASE we are paying for the functionality we need, rather than functionality we didn’t need, and the scalable cost model offered better value compared to the other options we looked at. The application provides everything we expected to manage IFRS 16.

Andrew Jackson Chief Financial Accountant, IMI Plc

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