Case Study: Southern Illinois University achieves GASB 87 compliance and streamlined lease management with FinQuery

Southern Illinois University (SIU) Easily Prepares for GASB 87 by Choosing LeaseQuery

Southern Illinois University (SIU), a public research university with three campuses and over 4,600 faculty and staff, faced the GASB 87 deadline and a growing lease portfolio that Excel could no longer handle. Needing a centralized, long‑term lease accounting solution to support three accounting departments and ensure compliance, SIU selected FinQuery's lease accounting integration to prepare for the standard.

FinQuery implemented its lease accounting platform and integration to centralize all leases, support both lessee and lessor accounting, and track journal entries across departments. The FinQuery solution replaced fragmented Excel processes, streamlined SIU’s GASB 87 compliance effort, and improved visibility and operational efficiency for Procurement, Treasury, Legal and accounting teams, enabling a smoother, more manageable lease accounting process university‑wide.

Southern Illinois University

Tina Galik

Assistant Treasurer