Case Study | France Air has chosen LEASE as its leasing management solution

Categorised in:
Le 6 April 2020

Consolidate accounts in compliance with IFRS 16

Context

Since its creation, France Air has always used Excel to perform its consolidation. The Group expressed the need to use a dedicated software specialized in the consolidation of its accounts. Its objectives were to professionalize, structure and streamline the IFRS consolidation process, to trace and consult data from several periods and to automate the publication of financial statements and notes to the consolidation.

Benefits

● Significant time saved and greater productivity
● Improved traceability
● Responsive and effective Support team

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created by Viareport in packages to satisfy Group requirements regarding IFRS points such as development costs and intangible assets whose useful life was reviewed.

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" The tool provides traceability and is easy to use. From the end user’s standpoint, navigation is intuitive and logical. In terms of traceability, the tool provides numerous details that enable us to explain the data easily to statutory auditors. The tool is quite intuitive to use, comprehensive and detailed. The solution provides many reports and audit elements that enable us to perform different analyses. "

Camille HAUTEVILLE
Head of Consolidation, France Air Group

" Viareport provides high quality customer support. We can rely on professionals who master the tool, and who are skilled in IT as well as consolidation techniques. This is a significant asset. We are no longer alone in the consolidation. We can count on professionals who are able to provide solutions on different issues and whose help is invaluable. "

Camille HAUTEVILLE
Head of Consolidation, France Air Group

" For example, I now save a lot of time on capital assets whereas previously, I used to spend a lot of time on it. I managed to save time and increase productivity as regards notes to the financial statements, such as headcount, fees paid to statutory auditors, the breakdown of financial income and expenses, etc. The tool provides numerous details that enable us to check what has been done and to explain the data easily to statutory auditors. "

Camille HAUTEVILLE
Head of Consolidation, France Air Group

" As consolidation accountants, we generally work alone in most companies. The Viareport offering was reassuring because it combined an effective tool with support. The strongest asset here was the support provided. Competent and friendly, the Support team members are able to assist in actual consolidation issues. Real assistance is provided. In other words, consolidation accountants, who are generally the only ones in the company with the required skills, are no longer alone in using the tool. We can now count on true professionals with expertise in consolidation techniques who can help us perform our consolidation. "

Camille HAUTEVILLE
Head of Consolidation, France Air Group
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Lease

Our Lease solution helps you manage all lease contracts via a Web interface accessible from a secure website. Lease is designed for Groups and chartered accountancy firms who want to optimize the monitoring of their leases using a specific tool that provides a consistent overview.

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