Case Study: Cloetta (leading confectionery manufacturer) achieves centralised IFRS 16 lease accounting and simplified compliance with IRIS Software Group's Innervision

How Cloetta centralised IFRS 16 lease accounting with Innervision

Cloetta, a leading European confectionery manufacturer, faced a major challenge when IFRS 16 arrived: its decentralized, spreadsheet-based approach to leases (buildings, forklifts, employee cars) was no longer sustainable. To centralize lease accounting and meet the new disclosure requirements without adding operational burden, Cloetta adopted Innervision from IRIS Software Group.

IRIS Software Group implemented Innervision as a single, central lease database overseen by finance Shared Services, replacing manual spreadsheets and improving visibility, consistency and control across the portfolio. The rollout delivered audit‑ready reporting and faster close processes, enabled lease-versus-buy analysis, and let Cloetta manage roughly 500 leases without adding headcount—turning what would have been a full-time monthly project into a routine task.

Cloetta

Anton Geven

Reporting Manager