Case Study: Gruppo Credito Valtellinese achieves standardized management reporting and IFRS 16 lease accounting compliance with Board

Standardized Management Information and Lease Accounting at Credito Valtellinese

Credito Valtellinese (Creval) is one of Italy’s largest banking groups (≈400 branches, 3,800 employees) that has used the Board decision-making platform since 2004 to standardize management reporting. As the bank grew, it faced the dual challenge of turning large volumes of operational data into actionable management information—measuring branch performance and driving improvements—and implementing IFRS 16 lease accounting across diverse lease portfolios and legacy systems.

Creval extended Board to deliver an “Operational Rating” dashboard and deployed Board Lease Accounting, integrating Zucchetti, Prometeia, Quadra and multiple data warehouses to automate data flows, quality checks and IFRS 16 calculations (including handling exemptions and subleases). The result was faster, more accurate lease accounting and cross-department collaboration, measurable improvements in branch effectiveness (average ratings rose significantly) and a single, compliant benchmark for all lease agreements.

Gruppo Credito Valtellinese

Lara Vettorato

Manager for the Standards Department