VolkerWessels UK

Simplifying the lease accounting process with automated journal generation

VolkerWessels UK is a leading multidisciplinary contractor that delivers innovative engineering solutions across the civil engineering and construction sectors including rail, highways, airport, marine, energy, water, and environmental infrastructure.

Overview

The company employs around 3,000 staff across the country and brings together best practice through five business units: VolkerFitzpatrick, VolkerRail, VolkerStevin, VolkerHighways and VolkerLaser. These business units each have a long and successful heritage built on delivering quality and bespoke projects as well as providing specialist skills, plant and equipment.

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Overview

  • One central register for all lease contracts

  • Automated journal generation supporting IFRS 16

  • Automatic calculation of Lease liability and related impacts of lease portfolio

  • Instant overview of all lease