Tricor helped us, managing that project, collecting the leases, putting them into a system. And they actually wrote the algorithms to define whether or not the lease is a capital or an operating lease. And also define what the accounting treatment is for those leases.
Christophe Dupont, CFO, Board Member
The client realised that they had over 18,000 leases (over 360 branches) in paper copy and required to match the legal and accounting treatment to feed the accounting system.
Created algorithms to define whether or not the lease is a capital or an operation lease so the client can easily utilise the information.
Relieved the heavy lifting work and increased efficiency in reporting for the client.