Ensure the reliability and security of the consolidation process

Der Landkreis Elbe-Elster ist ein Landkreis im Süden des Landes Brandenburg. Er markiert das Elbe-Elster-Land und einen Teil der Niederlausitz

Context

The objectives of KP1 were to ensure the reliability and security of the consolidation process and to manage lease contracts and long-term leases, with the monitoring of assets and liabilities.

Benefits

  • Significant time saved
  • Responsive expert customer support
  • Restatement of all lease contracts and long-term leases

500 assets to be restated

for lease contracts and long-term leases for 11 companies.

The use of the application saved a significant amount of time. It’s very easy to use and adopt intuitively for our yearly consolidations. The management of asset leasing is fundamental for us. With the approach of IFRS 16, this will mean an important increase in the number of asset leases with over 300 additional assets to be restated.

Patrick Lair
KP1 Group Accounting Director

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