Find out why this health-care group chose Planon’s IWMS for lease accounting compliance across 16 countries

by Brianna Crandall — February 7, 2020 — Affidea Group, a pan-European provider of diagnostic imaging, outpatient, and cancer care services, has selected software provider Planon’s integrated workplace management system (IWMS) software with Lease Accounting to comply with the new IFRS 16 standard. Accounting firm KPMG is advising Affidea as a skilled implementation partner to ensure a smooth and compliant implementation.

Affidea operates 260 centers across 16 countries. The company works with more than 9,200 experienced professionals and performs over 13 million diagnostic examinations every year, providing high-quality affordable care for millions of patients.

In 2017, Planon expanded its existing integrated workplace management system (IWMS) to include an innovative Lease Accounting solution. Pierre Guelen, CEO at Planon, explained:

Having an integrated software solution that is able to combine lease accounting compliance with the management of asset and property processes, such as portfolio, lease, strategic space and transaction management, makes Planon Universe unique. This allows organizations to benefit from a single source of truth and a 360-degree view of their entire portfolio. I am proud that we have added Affidea to our customer base and look forward to a mutually successful relationship.

Andrew Hodgson, senior director, Group Accounting, Systems and Processes at Affidea, stated:

We selected Planon’s IFRS 16 software solution as it has a solid existing leasing subscriber base, is able to handle large numbers of leases within complex businesses, and has the added benefit of being fully supported by partners like KPMG, providing confidence in delivering a successful multi-market implementation. With the professional and skilled support of both Planon and KPMG, I am convinced it will run smoothly.

Since 2019, international companies need to be compliant with IFRS 16, while US companies need to be compliant with ASC 842. Planon Universe for Financial Professionals supports compliance with both standards.