Case Study: Clarins achieves IFRS 16 compliance and real-time lease contract management with insightsoftware Lease

Clarins - Customer Case Study

Clarins, the family-owned leader in the European cosmetics market with more than 10,000 employees and operations in 150+ countries, faced the challenge of complying with IFRS 16 when the standard took effect on January 1, 2019. With almost 1,000 lease contracts and clear limits to using Excel for lifecycle tracking, Clarins selected insightsoftware’s Lease application to centralize contract management and ensure regulatory compliance.

insightsoftware implemented its cloud-based Lease solution starting September 2018, onboarding all contracts by December, running weekly project meetings, and training global teams (about 45 Lease users worldwide). The deployment delivered real-time contract change tracking and alerts, Web Analyzer multi-dimensional reporting, automated IFRS 16 restatement journal generation and continuous upgrades—enabling Clarins to centralize 900+ leases, be operational for the IFRS 16 go-live, and simplify ongoing monitoring and reporting.

Clarins

Benoît Daget

Director of Consolidation