Case Study: Kingfisher achieves lease accounting compliance with MRI Software's Horizon CRE

Kingfisher moves past spreadsheets to achieve lease accounting compliance

Kingfisher plc, a leading international home improvement retailer with over 1,300 stores and 77,000 colleagues across brands such as B&Q, Castorama, Brico Dépôt, Screwfix and Koçtaş, needed to modernize its lease accounting as part of a wider digital transformation. Facing new lease accounting standards, the company found its manual, spreadsheet-based processes would be inefficient, error-prone and unable to scale across its multi-region portfolio.

Kingfisher implemented MRI Horizon CRE, a SaaS lease accounting solution, working closely with MRI to meet tight deadlines. The platform was quick to deploy with minimal IT effort, improved visibility and auditability of lease data, and enabled fast, accurate reporting of lease impacts on the balance sheet — delivering compliance, operational efficiency and a scalable foundation for broader use.

Kingfisher

Nick Wilding

Group Finance Systems Manager