Case Study

Rail Road Transportation

The Canadian Pacific Railway, known as CP Rail between 1968 and 1996is a historic Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001.As a Leader in Railroad transportation, the company offers transportation services and supply chain expertise with access to 8 major ports and key markets across North America

Lease Contracts:

The Company has a different type of assets that are being leased and 5 specific lease types.

  • Legal (Operating Leases)

  • Operations (Real Estate, Including subtenants, etc.)

  • Logistics, Transportation and Distribution

Key Challenges

With ~200 leasesdistributed among different 8 company codes in the US and Canada, the company was impacted by the new lease regulations ASC 842 and IFRS 16 effect beginning of the January 2019.

The company needed to report almost all lease contracts on balance sheet, rather than off balance sheet as previously.

Key Challenges

With ~200 leasesdistributed among different 8 company codes in the US and Canada, the company was impacted by the new lease regulations ASC 842 and IFRS 16 effect beginning of the January 2019.

The company needed to report almost all lease contracts on balance sheet, rather than off balance sheet as previously.

Solutions

Bramasol delivered a solution that not only complied with company’s requirements of ASC 842 and IFRS 16 but also natively integrated with their finance system and is secure, scalable and flexible.

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How Bramasol Assisted

As long-term innovation partners with SAP Bramasol have brought together a comprehensive set of solutions and expertise to help company assess and prepare for the new FASB and IASB leasing standards. Our deep solution expertise and project proven methodology helped this customer feel confident we could deliver on-time and on-budget.

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Find out more about how we can help your organization navigate its next. Let us know your areas of interest so that we can serve you better.