Challenge
The introduction of the new IFRS16 Accounting Standard in the leasing contracts management has prompted the customer to reorganize the operating processes and adapt their information system.
The high number of leasing contracts signed autonomously by the local operating structures has led to the need for a solution that, starting from the collection of detailed information present in the procurement flows, reached the assessment of the quantities impacted by the new accounting standard (“Right of use” and “Financial debt”).
Solution
The adoption of the IFRS16 Accounting Standard was obtained through the implementation of the standard SAP RE-FX module and through an automatic integration with Procurement processes.
The organizational complexities have been mitigated through an approach that centralizes the IFRS16 assessment process by maintaining the connection with the local organizational structures and facilitating the timely exchange of detailed information.
Results
- A solution certified by SAP (RE-FX) was adopted for the evaluation of leasing contracts
- Purchasing processes have been adapted to facilitate information gathering
- Procurement information flows have been automatically integrated
Statement
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