Case Study: Lippert Components achieves sub-minute lease discovery and streamlined ASC 842 compliance with FinQuery

Lippert Now Finds Leases in Under a Minute with LeaseQuery

Lippert Components, a large manufacturer serving the leisure and mobile transportation industries, faced scattered lease records—nearly 800 leases tracked across multiple spreadsheets with documents saved in a variety of locations—just as the ASC 842 lease accounting standard approached. To centralize and modernize their process, Lippert selected FinQuery’s lease accounting platform after evaluating usability, reporting and onboarding capabilities.

FinQuery implemented a unified lease accounting solution that consolidated leases into one accessible system, provided robust reporting and notifications, and streamlined onboarding across subsidiaries. As a result, Lippert achieved smooth ASC 842 adoption, reduced time to find a lease to under a minute, improved quarterly disclosure and rollforward reporting, and increased overall efficiency in lease management.

Lippert Components

Ryan Linstromberg

Director of Accounting