Case Study: Rotork achieves IFRS 16 compliance and scalable lease reporting for 500 leases across 50 subsidiaries with insightsoftware (Viareport LEASE)

Rotork - Customer Case Study

Rotork Plc, a FTSE 250 manufacturer of actuators and flow-control equipment with 50+ subsidiaries and around 500 leases worldwide, needed to comply with the IFRS 16 lease accounting standard and centralise complex lease data and calculations. Rotork selected Viareport’s Lease solution after comparing providers because it offered the required functionality and a cost model suited to their number of lease agreements.

Viareport implemented Viareport LEASE, handling bulk import of lease data, delivering WebEx training and responsive consultant support. The solution now manages ~500 active leases across 50 subsidiaries, provides multi-currency consolidation, bespoke reporting for subsidiary and group disclosures, and reliable monthly closes—meeting Rotork’s IFRS 16 disclosure needs and half‑year reporting requirements while delivering accurate calculations and scalable, value-for-money licensing.

Rotork

James Imrie

Assistant Group Financial Controller