Jakarta, May 22, 2025> – PT Pupuk Indonesia (Persero), together with its subsidiaries, reaffirmed its commitment to transparent, accurate financial reporting by participating in an IFRS 16 refreshment training facilitated by PT Hamilton Prima Indonesia on May 21–22, 2025.

The two-day program brought together representatives from across the Pupuk Indonesia Group. More than just a compliance exercise, the session focused on how to maximize the value of the Hamilton Engine system—already implemented across the group—to streamline lease accounting and reporting under IFRS 16.

Why IFRS 16 Still Matters

For large, multi-entity organizations like PT Pupuk Indonesia (Persero), consistent lease reporting is more than a regulatory requirement—it’s a strategic necessity. With various types of lease agreements across entities, the group requires a system that ensures accurate, consolidated, and transparent reporting.

“IFRS isn’t just about ticking boxes. It’s about transforming complex reporting tasks into a systematic, efficient process,” said Nur Muhammad Yasin, President Director of PT Hamilton Prima Indonesia.

The Hamilton Engine answers that challenge with a comprehensive solution: automating lease entries, enabling group-wide consolidation, and producing IFRS 16-compliant disclosures—while staying flexible enough to accommodate each entity’s unique needs.

Real-World Insights: Hamilton Engine in Action at Pupuk Indonesia

A key highlight of the training was a hands-on walkthrough of how >Hamilton Engine has been successfully implemented within the Pupuk Indonesia Group. The system empowers finance and accounting teams to:

• Automate lease transaction recording
• Handle diverse lease contract structures across subsidiaries
• Generate centralized IFRS 16-compliant reports
• Accelerate month-end closing and disclosure processes

The ability to adapt to each subsidiary’s operational complexity while maintaining data consistency at the group level has made Hamilton Engine a vital part of Pupuk Indonesia’s financial infrastructure.

What the Training Covered: From Closing to Disclosure

Participants gained practical experience through a well-structured training flow, which included:

• A concise refresher on IFRS 16 principles
• Simulation of real lease cases from group companies
• Efficient month-end closing techniques
• Step-by-step guidance on generating disclosures using Hamilton Engine

This hands-on approach ensured participants could directly apply what they learned to their day-to-day operations, bridging the gap between technical knowledge and real-world execution.

Technology Alone Isn’t Enough—Empowered People Make It Work

What makes an IFRS 16 rollout successful? It’s the synergy between robust systems and well-equipped teams. By investing in both, PT Pupuk Indonesia (Persero) is building a sustainable foundation for accurate and scalable financial reporting.

This joint initiative with PT Hamilton Prima Indonesia reflects a proactive stance: enabling people, not just platforms, to drive long-term compliance and efficiency.

Looking to simplify IFRS 16 implementation at your organization?
Discover how Hamilton Engine can transform your lease reporting process. Contact us at 0823-1004-9500 or Contact Us to request a free demo.