Rcs 378178

Company info

Business sector
Multimedia publishing group
Headquarters
Milan
Sales revenue
2018 consolidated revenues as of 31/12/2018: € 975.6 million
Number of employees
3,265 employees as of 31/12/2018
Global presence
Listed on the Italian Stock Exchange, MTA segment
Company website
www.rcsmediagroup.it

The return on investment – In a few words

  • Sigma Conso IFRS 16 is a ready-to-use solution that requires minimal configuration
  • Flexible and easy to use application
  • Predefined and customizable calculation models and logics
  • Full integration with third-party software applications for data import and export

The situation

In view of the entry into force of the new accounting standard IFRS 16, RCS MediaGroup was looking for a software application for the companies of the group that would offer complete data collection and automatic generation of IFRS 16 accounting entries.

The solution had to meet the reporting and disclosure requirements of the new accounting standard, be quickly implemented across the group, and be integrated with the ERP system.Furthermore, it was required that the application should natively manage any type of lease contract (cars, buildings, technologies, equipment, ...).

The result

The implementation of Sigma Conso IFRS 16 has allowed RCS MediaGroup to have more visibility on the information on leasing contracts and to benefit from full traceability and auditability of the calculated data.The implementation was quick and the project was carried out according to the plan.

Silvio Valentini, SAP Owner and Accounting Services Manager at RCS MediaGroup, explains:

Our goal was to select a software solution that would provide full functionality for data collection and would automate generation of IFRS 16 accounting records, and that met the disclosure requirements of the new accounting standard. The Sigma Conso IFRS 16 solution guarantees greater efficiency and makes the management of lease contracts easy. It also offers full traceability and auditability of the calculated data.

Sobre RCS Mediagroup

RCS Mediagroup es uno de los principales grupos internacionales de publicación multimedia. La compañía está activa en todos los sectores editoriales, desde periódicos hasta publicaciones periódicas, desde digital a libros, desde televisión hasta nuevos medios, además de ser uno de los principales operadores en el mercado de ventas de publicidad y en la organización de eventos y formatos deportivos. de primordial importancia.

El grupo, que cotiza en la Bolsa de Valores de Italia, está presente especialmente en Italia y en España, con marcas líderes en publicaciones diarias y periódicas.

El grupo publica, entre otros, los diarios Il Corriere della Sera, La Gazzetta dello Sport, El Mundo y las revistas Oggi, Io Donna, Living, Sette, Sport Week, ...

Para más información: www.rcsmediagroup.it

Company info

Business sector
Multimedia publishing group
Headquarters
Milan
Sales revenue
2018 consolidated revenues as of 31/12/2018: € 975.6 million
Number of employees
3,265 employees as of 31/12/2018
Global presence
Listed on the Italian Stock Exchange, MTA segment
Company website
www.rcsmediagroup.it

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