Case Study: ALEC achieves IFRS 16 compliance with disclosure notes using ZenTreasury

ALEC manages 89 projects and 8 million square meters with ZenTreasury

ALEC, a Dubai-based construction company and part of the Investment Corporation of Dubai, needed a sustainable, long-term solution to achieve compliance with the new IFRS 16 lease accounting standards. Their initial manual process using Excel was unsustainable, prompting them to seek specialized software, leading them to the vendor ZenTreasury.

ZenTreasury provided an all-in-one, subscription-based IFRS 16 solution that delivered the necessary calculations and prepared the required disclosure notes from the first day of use. The results included full compliance and a low-risk investment for ALEC, who were also highly impressed with ZenTreasury's deep knowledge and responsive customer service despite the geographical distance between Dubai and Helsinki.

ALEC