Case Study: BDC achieves IFRS 16 compliance with Viareport Lease

BDC manages 140 lease contracts with Viareport Lease

BDC, a media industry bank, faced the challenge of complying with the new IFRS 16 accounting standard for its portfolio of over 100 lease contracts by April 2019. After a comparative market analysis, the bank selected the Lease application from insightsoftware's Viareport to meet its compliance needs.

The solution from insightsoftware was successfully deployed within the projected timeframe without complications. The easy-to-use and intuitive Viareport Lease software provided BDC with the ability to monitor lease modifications, generate required accounting entries, and implement controls on user access and validations. insightsoftware was noted for its responsiveness to the bank's specific needs and requested improvements during the implementation.

BDC