Case Study: HMD Global achieves faster, more accurate lease accounting compliance with Trullion

How HMD Global (Nokia) Accelerated IFRS 16 Compliance with Trullion

HMD Global, the Home of Nokia Phones, needed a faster way to manage lease accounting as it converted from local Finnish GAAP to IFRS compliance. With approximately 40 office leases across nearly 30 countries and multiple currencies, the finance team faced a complex new reporting and disclosure burden. HMD Global chose Trullion and its lease accounting platform to help streamline the process.

Trullion enabled HMD Global to separate lease calculations from its ERP, reducing IT dependence and avoiding a costly implementation. The platform cut manual work significantly, with HMD estimating that it would have taken at least twice as long using Excel alone, while also improving accuracy and generating consolidated disclosure reports from a single source. Trullion helped HMD accelerate compliance, save time and money, and produce more reliable journals and notes for IFRS reporting.

HMD Global

Ville Räsänen

Senior Finance Manager