Case Study: Refresco achieves IFRS 16 compliance in four months with Planon lease accounting software

Refresco gets IFRS 16 compliant in 4 months with Planon

The customer, Refresco, a global independent producer of beverages, faced the challenge of achieving compliance with the new IFRS 16 lease accounting standards for its portfolio of over 1,800 leased assets worldwide. To meet this requirement, they partnered with vendor Planon and utilized their lease accounting software solution.

Planon's solution, implemented with the assistance of KPMG, enabled Refresco to become fully IFRS 16 compliant in only four months. The successful and timely implementation ensured all of the company's external financial reporting adhered to the new regulations.

Refresco