Case Study: Wagners Streamlines Lease Accounting Compliance with Cradle Accounting

Wagners - Customer Case Study

Wagners, an ASX-listed construction materials company, faced a significant challenge complying with the new lease accounting standard for its portfolio of 16 leases. Although they had automated other financial reporting processes, they initially attempted manual compliance, which proved to be unexpectedly time-consuming. They sought a straightforward and affordable software solution from a vendor like Cradle to automate the process.

Cradle provided its cloud-based lease accounting software, which was specifically engineered to meet the new standard's requirements. After a single training session, Wagners' finance team could easily onboard leases and run all necessary reports. The solution automated their manual tasks, and Cradle's ongoing updates ensured the software remained efficient for their needs, leading the Group Financial Controller to highly recommend Cradle.

Wagners

Aaryn Bonomi

Group Financial Controller