Case Study: RSEA Safety improves lease accounting accuracy with Nomos One

How RSEA Safety Improved Their Lease Accounting Accuracy

RSEA Safety, Australia’s largest independent retailer and B2B provider of workwear and safety products, needed a better way to manage a large and fast-growing lease portfolio of 95 properties across Australia and New Zealand. With IFRS 16 requirements making spreadsheet-based lease tracking increasingly difficult, the company turned to Nomos One for a more comprehensive lease management and accounting solution.

Nomos One implemented an end-to-end lease management platform that gave RSEA Safety a single place to document leases, track key dates, support audit access, and improve reporting. The result was significantly improved lease accounting accuracy, with an internal audit revealing discrepancies between the old spreadsheets and Nomos One’s recalculated figures, confirming the software’s reliability. The team also saved time on audits and internal communication, while benefiting from responsive customer support.

RSEA Safety

Trent Bond

TrentHead of Finance