IFRS 16 standard compliance
The company was looking for an easy to deploy and user-friendly software meeting IFRS16 standard coming into effect for early adoption in January 2018.
● A cloud-based solution
● Simplification of procedures
● Reduction of data entries
● IFRS 16 standard compliance
imported and managed in the application
" We needed a tool that could allow us to import numerous contracts at once, and then automatically transfer the updated data to our consolidation software. It was way too complicated for us to do it manually. The software is very user-friendly, our team members did not need any specific training. "
" The benefit is really striking when it comes to financial reporting obligations. We would never have been able to manage such a high volume of contracts on Excel or internally, especially considering the complexity of the calculations. The effectiveness of technical issues such as heavy files import or management was a determining criterion in our choice. "
" The solution is very user-friendly. The only thing we need from our subsidiaries is to upload the new contracts into the software. Our team members did not need any technical training on complex topics. "
" We’ve been using SAP Financial Consolidation for a while now and Viareport being a specialist of SAP FC, we could be sure the two software would communicate easily and automatically. Our essential requirement was having a functional and responsive interface, but most of all we needed a software in which we could import a lot of data with minimum intervention. "
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.