ASCENSIA Diabetes Care
ASCENSIA OPTED FOR THE EASE & CONVENIENCE OF NETLEASE
Ascensia reviewed several vendors to support compliance with the new IFRS 16 lease accounting standards. Many solutions included the ability to keep track of lease contracts and perform the proper calculations, however none actually created the necessary journal entries - until they came across NetLease. The direct connection to NetSuite, Ascensia's core accounting system, was a game-changer and ultimately drove their decision to select NetLease for lease accounting requirements.
"We don't need to focus on calculations. From an audit perspective, we can refer to NetLease as the system we've tested, so it's an area we don't need to focus on again in an audit. We only need to focus on potential new leases and lease contracts themselves. It's an ongoing time saver."
FOCUS ON THE MISSION
Ascensia manages over 500 leases through NetLease, which allows them to stay focused on their mission: to provide innovative solutions that simplify and improve the lives of people with diabetes. Headquartered in Basel, Switzerland, Ascensia manufactures and distributes precision tools to help people manage their diabetes.