Case Study: International Luxury Retail achieves IFRS 16 lease compliance with Leverton AI

International Luxury Retail - Customer Case Study

International Luxury Retail, the US operations of an international luxury retail brand, needed to improve data accuracy and auditing to comply with the new IFRS 16 / ASC 842 lease accounting requirements. With leases spread across multiple holding companies and teams in 10+ entities worldwide, the customer needed a way to comprehensively capture lease data from both real estate and equipment contracts, including documents in multiple languages. Leverton provided its AI lease abstraction solution to help address this challenge.

Leverton extracted data from thousands of leases over six months, trained lease administrators in APAC, EMEA, and the US to review AI outputs, and moved the structured data into the customer’s lease accounting system. The result was a centralized, auditable workflow with accurate data for ongoing global lease management, faster processing, and support for compliance across regions.