Customer Success Story: How SinterCast Simplified IFRS 16 Compliance with ZenTreasury

During a recent conversation with Felicia Nguyen, Accounting and Administration Manager at SinterCast Inc.— a Swedish company operating at the intersection of industrial technology and the automotive industry, we explored how Sintercast simplified IFRS 16 Complience with ZenTreasury.

The Initial Situation

Before adopting ZenTreasury's lease management tool, SinterCast was relying on manual processes with spreadsheets and dispersed documentation. This made compliance and accurate reporting difficult and time-consuming.

“Before switching systems, we managed our leases manually using spreadsheets and scattered documents. This approach made it difficult and time-consuming to maintain compliance with IFRS 16, track lease changes, and produce accurate reports.”

— Felicia Nguyen

The Need for Change

As IFRS 16 introduced more complex requirements, SinterCast began searching for a better solution to ensure reliable, transparent, and audit-ready lease accounting.

“As lease accounting requirements became more complex under IFRS 16, we recognized the need for a more efficient and reliable way to handle lease data and ensure full transparency for audits.”

— Felicia Nguyen

Why ZenTreasury

SinterCast selected ZenTreasury for its simplicity, compliance features, and ability to centralize and automate lease processes.

“We chose ZenTreasury because it offers an intuitive platform that supports IFRS 16 compliance. It helped us consolidate all lease information, automate key calculations, and easily generate the necessary reports—all in one place.”

— Felicia Nguyen

Impact and Results

Since implementation, ZenTreasury has significantly improved the efficiency and accuracy of SinterCast’s lease accounting.

“ZenTreasury has simplified our lease accounting process. It’s reduced manual tasks, lowered the risk of errors, and made our reporting faster and more accurate. It has also improved our overall oversight of lease commitments, making audits and monthly closings much smoother.”

— Felicia Nguyen

About SinterCast

SinterCast is a global leader in providing process control technology for the high-volume production of Compacted Graphite Iron (CGI). Their technology is mainly used in the automotive, commercial vehicle, and industrial power sectors to improve engine performance, durability, and fuel efficiency.

About ZenTreasury

ZenTreasury Ltd is a FinTech and SaaS company located in Helsinki, Finland and Dubai, United Arab Emirates. We provide a modern finance platform for treasury management and lease accounting. To learn more about ZenTreasury Oy please visit https://www.zentreasury.com