Proximus, Recticel, Katoen-Natie, Spie Batignoles and other groups have selected Sigma Conso for IFRS 16 lease accounting compliance
Brussels, January 30, 2018 – Sigma Conso, international supplier of CPM software and services, announces today that several international groups such as Proximus, Recticel, Katoen-Natie and Spie Batignoles have selected the IFRS 16 application of Sigma Conso. The tool offers them the flexibility to easily comply with the new standard.
With the new standard compulsory as of January 2019, Sigma Conso has developed in the beginning of 2017 an IFRS 16 application which enables groups to easily manage lease contracts and intuitively carry out all the tasks required, including financial calculations, documentation, workflow, and item tracking from the most detailed level through consolidation entries.
Sébastien Jacobs, Senior Consultant IFRS 16 at Sigma Conso, says:
“IFRS 16 is a hot topic and many international groups are currently searching in the market for solutions to comply with the new standard. We advise groups not to wait any longer and to anticipate this change with a turnkey IFRS 16 software application to make compliance to IFRS 16 as easy and straightforward as possible.”
Dominique Galloy, Managing Director of Sigma Conso, adds:
“One of the key points in Sigma Conso’s vision statement is to always anticipate the needs of our customers. This way, we can support our clients over the long term and assist them with the many challenges they encounter. The development of our Sigma Conso IFRS 16 module is a good example of this and we are happy that several international companies are also convinced and chose for Sigma Conso IFRS 16 software. We thank them for their trust.”
About Sigma Conso
Sigma Conso provides software, training and services in the field of Corporate Performance Management (CPM). Sigma Conso, with its head office in Brussels, has a recognized expertise in financial and statutory consolidation and management reporting. Sigma Conso provides over 600 international groups with tailored and flexible solutions that facilitate their financial management.
Sigma Conso is currently undergoing fast international expansion with a presence in major European and Asian economic centres: Brussels, Luxembourg, Paris, Amsterdam, Lisbon, Barcelona, Madrid, Agrate Brianza, Singapore, Kuala Lumpur, Jakarta, Tunis, Abidjan, Munich, Vienna, Zug, Bilbao, Warsaw and London.
More information: www.sigmaconso.com
About Sigma Conso IFRS 16
Sigma Conso IFRS 16 provides you with an easy access to lease contract management, ensures that your data are consistent and reliable and enables you to anticipate the implementation of the standard. It provides complete information to document your entries without changing or overloading your current consolidation software.
The tool offers you high-performance management of large contract and transaction volumes and their storage. You can easily carry out simulations to measure the impact of the most important contracts on your financial statements.