Simplifying Contracts Management and follow up on the IFRS16 Calculations
Context
The main issue faced by the group was the large number of contracts spread over many different sites and entities. Therefore, Seqens needed a tool able to centralize those contracts, to harmonize their treatment and to calculate the accounting impacts. Until then, the contracts were reviewed in a very heterogeneous way, as each entity had its own set of procedures. The shift to a dedicated tool was an opportunity for the company to review its processes and its lease contracts management.
Benefits of Cloud Computing
- 300 to 400 contracts imported
- Extensive multi-dimensional analysis
- Overall visibility of all the group’s entities
Number of users: 28
3 types of internal resources mobilized :
- The consolidation officers (manager and junior)
- The finance department directors
- Various departments for data collection (purchase, legal and audit departments)
The app does not only provide financial data and analysis,
but also business metrics that allow us to have a better negotiating power.