After handling their lease agreements in 30 separate Excel files, the Swedish company Infrea moved everything into Leasify – streamlining the group’s entire lease-accounting process and making it faster, safer, and far more structured.
Infrea is a Swedish industrial group operating in three core areas: civil engineering, paving and asphalt services, and water and wastewater infrastructure. The group includes 14 Swedish subsidiaries, all built on strong local presence, entrepreneurial capability, and a decentralized operating model. Founded in 2017, Infrea has been listed on the Nasdaq Stockholm Main Market since 2021.
Joacim Solheim has served as Infrea’s Group Accounting Director since 2021, where he is responsible for overseeing both internal and external financial reporting.
Solheim has a solid background in accounting and financial reporting, having spent several years as both an auditor and an accounting specialist. When IFRS 16 was introduced in 2019, he developed deep expertise in lease accounting by supporting analyses and implementations of the new standard. This experience now shapes his work at Infrea and his contributions within Leasify.
Infrea implemented Leasify in 2023. Before that, all lease agreements were managed manually in Excel – a slow, labor-intensive, and inefficient way of working.
– We were working with nearly 30 files that had to be updated every month, one per subsidiary for property leases and another for vehicles and equipment. The files were large, slow to work with, and difficult to update or correct. On top of that, the risk of errors increased, and they weren’t always easy to identify, Solheim explains.
Once Leasify was in place, Solheim immediately noticed how much simpler the work became. With many of the manual tasks now automated, the team has gained several meaningful advantages.
– First of all, we’ve seen a tremendous amount of time saved each month, which frees up the hours we used to spend updating and coordinating everything in Excel. Now we can focus much more on analytical reviews and identifying potential errors, which in turn raises the overall quality of our reporting, Solheim says and add:
– On top of that, the number of errors has decreased overall. Leasify’s built-in controls flag anything that’s entered incorrectly, which adds an extra layer of assurance to our reporting.
The system also provides a much clearer overview.
– It’s easy to track our contracts and see the full picture in a way that simply wasn’t possible before. As a result, we now have a more structured process and better control over our entire lease accounting, he says.
When Solheim is asked whether he’s noticed improvements in the platform since they first started using it, he doesn’t hesitate.
– Absolutely – a lot. Many new features have been added along the way, and Leasify continues to evolve. It’s made the platform both more user-friendly and more robust.
He explains that the platform’s development is not only about adding new features. It also improves how agreements are handled by making the process smoother and more secure.
– I have also seen that several of the new capabilities reduce the risk of errors in the manual steps involved in entering agreements. There are also more configuration options now, which help the system handle different types of lease agreements, no matter how specific they are.
Leasify offers a range of add-on modules that help companies streamline their work. At Infrea, the team uses the Report Generator, the Forecast module, and the Bulk Upload tool, all of which Solheim says have made a significant difference in their IFRS 16 processes.
– The add-on modules truly make a difference. The Report Generator, together with the templates we use, allows us to export an Excel file with a single click, and that file can be imported straight into our group reporting system. Thanks to these templates, we have full traceability from the group level all the way down to each subsidiary and individual agreement. It saves a significant amount of time and reduces the risk of errors.
He adds:
– When it comes to the Forecast module, we use a feature that allows us to enter agreements within our budget periods. This means we can generate reports in the same way we do for actuals.
– We primarily use the Bulk Upload module during our budget, planning, and forecasting cycles. It allows us to import a large number of agreements through an Excel interface instead of entering them manually.
Support and accessibility are an important part of the overall experience. Solheim explains that Leasify’s support has worked very well for them, and he also appreciates how the built-in AI assistant complements the support they receive.
Solheim describes Leasify as a cost-effective, time-saving solution that has made a significant impact on their work. He adds that the platform has also enabled more efficient and accurate reporting, giving the team more room to focus on analysis and value-adding tasks.
– Leasify also makes analysis within controlling much easier, since all of our group’s contracts are centralized in one place. It becomes simple to explore the numbers from different angles and generate reports based on various parameters. I would hundred percent recommend Leasify.
As a final reflection, Solheim sums up his experience with Leasify in a way that conveys both trust and genuine appreciation:
– As I mentioned earlier, I find Leasify to be a very user-friendly system. It is easy to work with and feels thoughtfully designed at every level. I also appreciate how attentive the organization is to user needs and suggested improvements. The system never feels rigid or limiting. It continues to evolve, and it keeps getting better.