Case Study: Global Automotive Technology Company achieves lease accounting compliance with Genpact

How a turnkey SaaS solution enabled compliance

Global Automotive Technology Company, a $14 billion automotive technology firm, was struggling to comply with new lease accounting standards (ASC 842 and IFRS 16) because its lease data was decentralized, fragmented, and unreliable, with no documented process workflow. The company had more than 3,000 lease contracts across 40 countries and needed a faster, more controlled way to manage real-estate and equipment leases. Genpact helped address this challenge using LeaseAccelerator, a turnkey enterprise lease management and accounting solution.

Genpact implemented LeaseAccelerator as a central source of truth for lease data, accelerating data collection and migration from 80 locations worldwide, improving data cleansing and validation, and automating lease administration, accounting, and reporting. The result was on-time compliance with the new standards, complete visibility into the lease portfolio, stronger financial controls, and up to 50% less manual effort, with additional potential savings of up to 12% through better end-of-term lease management.