Case Study: Ruoff Home Mortgage achieves full ASC 842 compliance and automates lease management with FinQuery

Ruoff Home Mortgage Ditches Excel for Full Compliance with LeaseQuery

Ruoff Home Mortgage, a privately held lender with roughly 160 leases and 650+ employees, faced risks from managing ASC 842 compliance in Excel—including data integrity, resource strain, and no automated task scheduling or reminders. They selected FinQuery’s web-based lease accounting solution to deliver actual journal entries, custom notifications for critical dates, and a turnkey system any staff member could use.

FinQuery implemented a turnkey, web-based lease accounting platform with an audit trail, critical-date notifications, and granular reporting (e.g., cost per square foot), and plans to give auditors direct access to streamline data retrieval. As a result, Ruoff achieved stronger ASC 842 compliance, shortened audit times, improved executive reporting and forecasting, and freed staff hours previously spent on manual lease management.

Ruoff Home Mortgage

George Kiproff

Chief Analytics Officer