Compliance monitoring · Production

HMD Global accelerates IFRS 16 lease accounting compliance with Trullion AI

The problem

HMD Global converted from local Finnish GAAP to IFRS with no prior lease accounting process, facing the complexity of reporting on office leases across multiple countries and currencies.

Workflow diagram · grounded in source
1
IFRS 16 compliance trigger
trigger
“HMD Global converted from local Finnish GAAP to IFRS compliance and had no previous process for lease accounting in place. With the daunting task of reporting on office leases in nearly 30 different countries”
2
AI lease analysis
ai_action
“with artificial intelligence, and how fast it was to analyze and document everything”
3
Consolidated report generation
output
“the consolidated reports that you can run from the system, especially because IFRS 16 has quite comprehensive disclosure requirements. You are able to get them from one source system and it ties to that kind of bookkeeping entries”
4
ERP upload
integration
“you run the reports and then you upload it to the ERP or through your consolidation as a topside churn out. And for us, that was a positive because we didn't need to have a heavy involvement from our IT team”
Reported outcome

Trullion was at least twice as fast as manual Excel-based calculations, reduced manual work for the finance team, and generated consolidated IFRS 16 disclosure reports from one source system tied to bookkeeping entries.

Reported metrics
Time to complete lease accountingat least twice as fast with Trullion
time without Trullion (counterfactual)at least twice as much time
Manual work invested in compliancereduced the amount of manual work
Documentation qualitymuch better
Show all 5 reported metrics
time to complete lease accountingat least twice as fast with Trullion
time without Trullion (counterfactual)at least twice as much time
manual work invested in compliancereduced the amount of manual work
documentation qualitymuch better
time and money savingssave us time and money
Reported stack
TrullionERP
Source
https://trullion.com/customer-stories/how-hmd-global-nokia-accelerated-ifrs-16-compliance-with-trullion/
Read source ↗

Frequently asked questions

What did this team achieve with this AI workflow?

Trullion was at least twice as fast as manual Excel-based calculations, reduced manual work for the finance team, and generated consolidated IFRS 16 disclosure reports from one source system tied to bookkeeping entries.

What tools did this team use?

Trullion, ERP.

What results were reported?

Time to complete lease accounting: at least twice as fast with Trullion; time without Trullion (counterfactual): at least twice as much time; Manual work invested in compliance: reduced the amount of manual work; Documentation quality: much better (source-reported, not independently verified).

How is this compliance monitoring AI workflow structured?

IFRS 16 compliance trigger → AI lease analysis → Consolidated report generation → ERP upload.

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