Case Study: Boart Longyear achieves IFRS 16 compliance and centralized lease management with FinQuery

Boart Longyear Finds an Ideal IFRS 16 Solution with LeaseQuery

Boart Longyear, a publicly held drilling and mining company with approximately 500 leases, needed to centralize lease accounting and achieve IFRS 16 compliance after hiring Weston Curtis to manage the transition. Facing impractical manual tracking of ROU assets and lease liabilities across dispersed offices, they required a lease-specific software that met budget constraints and could centralize lease documents for global stakeholders. FinQuery’s lease accounting solution was selected as the vendor to address these needs.

FinQuery delivered a cloud lease accounting system that met Boart Longyear’s budget, offered unlimited users for broad access by contract specialists and auditors, and aligned with common IASB/IFRS interpretations. The implementation centralized document management for roughly 500 leases, enabled stakeholders to run custom and canned reports, streamlined processes across departments, and provided responsive help-desk support — results that helped Boart Longyear achieve IFRS 16 compliance and improved transparency and efficiency.

Boart Longyear

Weston Curtis

Senior Corporate Accountant