Case Study: Rapala achieves fast, stress-free IFRS 16 compliance and multi-currency lease management with ZenTreasury

Rapala, with help of ZenTreasury, tackles IFRS 16 standard which has been a pain for publicly traded companies

Rapala, the international fishing-tackle company operating in 140 countries with subsidiaries and leasing contracts in 50 countries, faced the accounting challenge of adopting IFRS 16 and bringing all leases onto its balance sheet. To address complex multi-currency and multi-jurisdiction reporting needs, Rapala chose ZenTreasury and its SaaS platform with a dedicated IFRS 16 module.

ZenTreasury developed an IFRS 16 module on its existing SaaS platform that centralizes lease management, handles multiple currencies, creates required accounting entries and produces ready-made reports exportable to accounting systems. The implementation was rapid — Rapala’s account was adopted in about two hours — and delivered compliant, cost-effective reporting, easier cross‑country controller training, and streamlined lease accounting for the group.

Rapala

Joni Virtanen

Group Financial Controller