RCS MediaGroup Business Case: Sigma Conso IFRS 16

Key Information • Multimedia publishing group • Headquarters: () • Listed on the Italian Stock Exchange, MTA Segment • 3.265 employees at 31/12/2018 • Consolidated revenues at 31/12/2018: € 975.6 million

The return on investment - In a few words • Sigma Conso IFRS 16 is a ready-to-use solution that requires a minimal configuration • Flexible and easy to use application • Predefined and customizable calculation models and logics • Full integration with the other software applications present in the company for data import and export

About RCS Mediagroup RCS Mediagroup is one of the leading international multimedia publishing groups. The company is active in all the publishing sectors, from to periodicals, from digital to , from TV to new media, as well as being one of the main operators in the market of sales and in the organization of sport events and format of primary importance. The group, listed on the Italian Stock Exchange, is present especially in Italy and in , with leading brands in daily and periodical publishing. The group publishes, among others, the daily newspapers Il , , and the magazines Oggi, Io Donna, Living, Sette, Sport Week, …

For more information: www.rcsmediagroup.it

The situation In view of the entry of the new accounting standard IFRS 16, RCS Mediagroup was looking for a software application for the companies of the group that would offer complete functions for the data collection and the automatic generation of IFRS 16 accounting records. The solution had to satisfy the reporting and disclosure requirements of the new accounting standard, be quickly implemented in the company, and be integrated with the ERP system. In addition to that, the application should have provided natively all different types of contracts (cars, leases, buildings, technologies, equipment, …).

The result The implementation of Sigma Conso IFRS 16 has allowed RCS Mediagroup to have more visibility of the information on leasing contracts and to benefit from full traceability and auditability of the calculated data. The implementation was short, and the project was carried on in the manner and within the time required.

Silvio Valentini, SAP Owner and Accounting Services Manager of RCS Mediagroup, says:

“Our goal was to select a software solution that would provide full functionality for data collection and computerised generation of IFRS 16 accounting records, and that would satisfy the disclosure requirements of the new accounting standard. The solution Sigma Conso IFRS 16 provides us with more efficiency and organization in the management of operational leasing contracts as well as full traceability and auditability of the calculated data.”

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