Case Study: AFRY achieves fast IFRS 16 reporting for one third of the corporation with ZenTreasury

AFRY handles one third of lease calculations in a few hours with ZenTreasury

AFRY, an international designing and consulting company, faced a challenge with its IFRS 16 lease reporting, which was being managed manually in Excel. This process was not a viable long-term solution. AFRY's Financial Service Center chose to partner with vendor ZenTreasury and implement its lease accounting software to address this issue.

ZenTreasury provided a flexible and easy-to-use software solution that automated the lease calculations. As a result, four employees now handle the IFRS 16 reporting for one third of the entire corporation in just a few hours each month. This move to ZenTreasury eliminated manual errors, provided peace of mind, and significantly reduced the resource requirements for this critical financial reporting.

AFRY