inlumi blog

Tyman Adopts inlumi’s IFRS 16 HFM Starter Kit

Tyman Adopts inlumi’s IFRS 16 HFM Starter Kit

April 3rd, 2019

As the date for transition to the new lease accounting standard IFRS 16 was approaching, Tyman were looking for a systemised solution for the reporting of leases under the new accounting standard.

Tyman is a leading international supplier of engineered components to the door and window industry. The Group’s three divisions – AmesburyTruth, ERA and SchlegelGiesse – are market leaders in their respective geographies. The Group employs over 4,200 people and operates facilities in 18 countries worldwide. Tyman is listed on the London Stock Exchange.

Tyman are strong users of the Oracle EPM stack, and currently use Hyperion Financial Management (HFM) for statutory and management reporting, Hyperion Planning & Hyperion Tax Provisioning (HTP), and FDMEE for data loading and integrations between the applications.