Case Study: Rotork achieves IFRS 16 compliance and streamlined lease reporting with insightsoftware Viareport Lease

Rotork manages 500 lease contracts and meets IFRS 16 reporting requirements with Viareport Lease

Rotork, a global manufacturing company, faced the challenge of transitioning to the new IFRS 16 accounting standard for its portfolio of approximately 500 leases. The complex calculations and the need to maintain a central lease database made it beneficial to find a dedicated software solution to manage the accounting and reporting for this compliance project. They turned to vendor insightsoftware and implemented their Viareport Lease product.

The solution from insightsoftware proved to be intuitive and was supported by thorough training. The project consultants were knowledgeable and provided excellent, responsive communication. The performance of the Viareport Lease solution successfully met all of Rotork's expectations and enabled them to fulfill their half-year reporting requirements efficiently.

Rotork