Case Study: Mayne Pharma achieves streamlined lease accounting compliance with Cradle Accounting

Mayne Pharma - Customer Case Study

Mayne Pharma, a specialty pharmaceutical company, faced the challenge of manually complying with a new lease accounting standard using Excel. As a listed company with a portfolio of over a hundred leases and teams in Australia and the US, this process became a cumbersome and time-consuming burden for its finance team. They turned to Cradle Inc. to find a better solution.

Cradle provided its lease accounting software, which automated all calculations and financial reporting, creating significant efficiencies. The solution removed a considerable burden from the finance team and made auditing straightforward by giving auditors direct access to the information they needed. Mayne Pharma was able to achieve compliance at an affordable price with the support of Cradle's teams.

Mayne Pharma

Natasha Le

Finance Team Leader