Case Study: City Plumbing achieves faster, simpler lease accounting with IRIS Innervision

City Plumbing reduces lease accounting work to 10 minutes a month with IRIS Innervision

City Plumbing, a UK-based plumbing and heating merchant with a portfolio of 400 leased properties, faced the challenge of complying with complex lease accounting standards like IFRS 16. The manual process was time-consuming and created a risk of inaccuracies. To address this, they turned to the lease accounting software and services from vendor IRIS Innervision.

By implementing IRIS Innervision, City Plumbing automated its lease accounting. The solution reduced the monthly reporting process from hours of manual work to just ten minutes, significantly improving accuracy and audit readiness. This automation provided better visibility into lease costs and values and allowed the company to avoid the expense of hiring additional finance staff, delivering clear financial benefits.

City Plumbing