Context and task
For a bank, lease accounting under IFRS 16 requires accurate data, correct calculations, regular reporting and timely recording of transactions. The manual loop creates risks of errors and overloads employees during closing periods.
What did RESTART do?
RESTART participated in the expansion of the real estate management module to account for objects in accordance with IFRS 16 and generate reporting in accordance with the requirements of the standard.
Architecture, management and control
In such projects, methodology, calculation rules, data control, reconciliation scenarios, acceptance by the financial unit and integration with the existing ERP landscape are key.
Results and evidence
- the amount of manual input and control has been reduced;
- implementation is brought into compliance with the international standard IFRS 16;
- prompt generation of reporting on real estate objects was ensured;
- operations on objects are reflected in a timely manner;
- the period for preparing reports under IFRS 16 was reduced from 10 to 3-5 days;
- the working time of one employee for routine operations was reduced by 1-2 hours per day.
Effect guidelines for similar projects
If some of the metrics for a specific project are not publicly disclosed, we show benchmarks that are usually used in similar enterprise projects as KPIs for a pilot or industrial launch. This does not replace the customer's actual results, but helps the CIO/CFO/CISO understand what effects are worth measuring.
Financial block
KPI - reduction of labor costs for closing the period and reduction of manual adjustments.
Quality
For similar projects, the number of errors, rechecks and returns for revision is measured.
Deadlines
An important indicator is a reduction in the reporting preparation cycle and stability of deadlines.
Audit
The solution must leave a verifiable trail of calculations, data sources, and changes.
Why is this important for the client
The case demonstrates RESTART's ability to work with financial reporting in a regulated environment, where the value of the project is measured not only by automation, but also by reducing operational risk.
Let's discuss your environment
Describe the task, current systems, constraints, and expected results. We will offer a practical first step: diagnostics, pilot, audit, roadmap or project team.
