IFRS 16 standard compliance

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Context

With almost 1,000 lease contracts in France and overseas, Clarins must comply with IFRS 16 requirements and was obliged to do so when this standard came into effect on January 1st, 2019.

Benefits

  • Finding a software meeting IFRS16 standard
  • Simplifying contracts management

900 Contracts

& 45 users of the Lease application

We decided on Lease very quickly. I was already aware of Viareport’s reputation and I knew that it was a well-established player in the market. I had also heard many good things about Lease which had already been in existence for several years, and which managed IAS 17 lease contracts when the initial version was released.

Benoît Daget
Director of Consolidation, Clarins

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