Case Study: Randstad achieves IFRS 16 compliance and better lease reporting with CCH Tagetik from Wolters Kluwer

Randstad Group - Customer Case Study

Randstad N.V., a multinational HR services provider, faced the challenge of achieving compliance with the new IFRS 16 lease accounting standard across its 150 decentralized operating companies and a portfolio of approximately 16,000 leases. Their centralized accounting group needed a global software solution to ensure consistency, accuracy, and to educate stakeholders worldwide on the new processes.

Wolters Kluwer ELM Solutions implemented its CCH Tagetik IFRS 16 Lease Accounting Solution. The Excel-based system featured intuitive workflows and audit tracking, which improved data accountability and accuracy across 39 countries. The solution enabled Randstad to successfully perform full retrospective "shadow" reporting and prepared the company for full compliance by the 2019 deadline.

Randstad Group

Sean Pourquie

Senior Manager of Global Financial Reporting