Case Study: Enzo achieves accurate, compliant, and consolidated lease accounting with FinQuery

Finding a Tool that Lived up to Expectations

Enzo, a publicly traded life sciences company based in New York with about 460 employees and roughly 100 equipment and real estate leases, struggled to manage lease accounting in Excel and meet new disclosure and amortization requirements. Director of External Reporting Al Horcher sought an automated lease accounting tool that would be sensitive to a smaller lease population and settled on FinQuery’s lease accounting solution.

FinQuery implemented a centralized lease accounting platform that consolidated Enzo’s ~100 leases into one system, replacing multiple siloed spreadsheets and groups and making calculations and disclosures more manageable and auditable. The solution was easy to use, fit Enzo’s budget, and won strong buy-in from the accounting team and external auditors, giving Enzo greater confidence and control over its lease reporting.

Enzo