Case Study: FXI achieves simplified ASC 842 compliance and streamlined accounting with FinQuery

FXI uses LeaseQuery + FloQast to simplify complex accounting and improve efficiencies

FXI, a leading manufacturer of sleep and comfort solutions, was managing 80+ leases in Excel and needed a more robust, ASC 842–compliant approach. The company turned to FinQuery for a dedicated lease accounting solution and leveraged FloQast for accounting workflow automation to replace error-prone spreadsheets and improve accuracy.

FinQuery implemented a centralized lease accounting system that worked alongside FloQast to streamline processes, organize lease data, and simplify month-end close and reporting. As a result, FXI achieved easier generation of footnotes and disclosures, more organized reconciliations, improved team collaboration, and reduced time to close each month thanks to FinQuery’s solution.

FXI

Cathy Mandel

FXI