Case Study: SOK Group achieves effortless IFRS 16 compliance and reduced manual work with ZenTreasury

ZenTreasury delivers comprehensive lease accounting software to SOK

SOK Group, a customer-owned Finnish retail and service network with more than 1,800 outlets, faced the challenge of meeting IFRS 16 requirements and reducing extensive manual lease accounting. ZenTreasury was engaged to provide its lease accounting software to simplify compliance and streamline the process.

ZenTreasury imported SOK Group’s prior lease data, enabled a quick implementation, and removed much of the manual data entry, which significantly eased monthly report preparation and gave the company greater confidence in IFRS 16 calculations. The result was faster, more reliable reporting and reduced manual workload thanks to ZenTreasury’s solution.

SOK Group

Kai Rinne

Controlling Manager