Case Study: Commvault centralizes nearly 200 leases and streamlines ASC 842 compliance with FinQuery

Commvault centralizes nearly 200 leases with LeaseQuery

Commvault, a global leader in data protection and management, faced the challenge of transitioning to the ASC 842 lease accounting standard while managing nearly 200 global leases with inconsistent regional formats and manual Excel processes. To standardize processing, improve reporting, and enable easy import into NetSuite, Commvault selected FinQuery’s lease accounting solution to replace their fragmented tools and manual workflows.

FinQuery implemented a centralized lease accounting platform that consolidated almost 200 leases (about 90 currently active), automated calculations and reporting, and added alerts for renewals and terminations. The solution standardized global processes, sped up reporting, enabled NetSuite uploads, supported in-house lease administration, and eliminated a third-party vendor—delivering measurable efficiency gains, improved ASC 842 compliance, and cost savings for Commvault.

Commvault

Ashley Gonzalez

Accounting Manager