Case Study: ALEC achieves IFRS 16 compliance with ZenTreasury

ALEC - Customer Case Study

ALEC, a large construction company based in Dubai and part of the Investment Corporation of Dubai, needed a better way to manage IFRS 16 lease accounting. Like many companies preparing for the standard, ALEC initially calculated lease impacts manually in Excel, but quickly realized this was not sustainable for long-term compliance. They turned to ZenTreasury and its lease accounting software to find a more complete solution.

ZenTreasury provided ALEC with an all-in-one IFRS 16 lease accounting platform that was easy to use, supported required reporting notes, and helped the company stay compliant going forward. ALEC highlighted ZenTreasury’s strong product knowledge and prompt customer service, and the subscription-based SaaS model reduced investment risk while giving ALEC confidence in ongoing support and compliance.

ALEC

Reem Abu Namous

Financial Reporting Manager