Case Study: KP1 achieves faster, more reliable consolidation and automated lease restatements with insightsoftware's Conso & Report and Lease

Ensure the reliability and security of the consolidation process

KP1, a €300M industrial construction group specializing in prefabricated concrete elements, faced an unreliable and cumbersome consolidation tool that could not handle nearly 350 lease contracts and long-term leases. To simplify and secure its consolidation process and prepare for IFRS 16 restatements, KP1 selected insightsoftware’s Conso & Report and Lease solutions to replace the legacy system.

insightsoftware implemented its cloud-based Conso & Report and Lease suite with user training and expert support, enabling restatement across 11 companies and around 500 assets, insourcing the consolidation process and improving data accuracy to virtually 100%. The deployment cut preparation time (previously three days for lease setup), delivered responsive online support, allowed monthly earnings monitoring instead of twice a year, and gave management greater visibility into EBITDA and lease-related balances.

KP1

Patrick Lair

Group Accounting Director