Case Study: Exponential-e achieves faster, automated IFRS 16 lease accounting with Board

Exponential-e cuts manual lease accounting effort by 85% with Board

Exponential-e, a UK-based IT and telecommunications provider, faced the challenge of achieving IFRS 16 compliance for its growing lease portfolio. The company's manual, spreadsheet-based processes were time-consuming, error-prone, and unable to scale, risking accuracy and slowing month-end reporting. To address this, Exponential-e partnered with the vendor Board to implement its Board Lease Accounting solution.

The Board solution automated complex lease calculations and introduced a bespoke data staging area for bulk uploads. This centralized and governed system eliminated manual work and integrated lease data into financial planning. As a result, Exponential-e reduced manual lease accounting effort by 85% and accelerated lease reporting from weeks to days, improving both audit readiness and strategic insight.

Exponential-e