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Case Study

IFRS16 ​

Context

The company faced challenges in the manual management of a vast lease portfolio across multiple countries, with an urgent need to automate this process to improve efficiency and accuracy, complying with IFRS 16 requirements.

Solution

SAP RE-FX was chosen given its ability to integrate lease contract management with treasury forecasting and the accounting requirements imposed by IFRS 16.

Implementation

The implementation involved detailed requirements mapping, system customization, data integration, and team training, ensuring that the solution was well-adapted to the company’s specific needs.

Benefits achieved:

  • Operational Efficiency: Contract management automation brought a significant reduction in effort and time spent.
  • IFRS 16 Compliance: The solution ensured compliance with IFRS 16, automating the recognition of lease assets and liabilities.
  • Deferred taxes: With the complementary solution implemented, the company now fully automates the IFRS 16 impact in the corporate income tax calculation.
  • Improved Reporting: Advanced reporting and analytics capabilities provided valuable insights into the lease portfolio.

Conclusion

The adoption of SAP RE-FX revolutionized the company’s lease management, bringing automation, accuracy in treasury forecasting, and regulatory compliance, highlighting the importance of an integrated solution for contract management and financial forecasting.