Case Study: ADP streamlines lease accounting and speeds technology forecasting with IBM TRIRIGA

Streamlining lease accounting, while delivering cost-effective technology for its workforce

ADP, a major provider of business outsourcing and human capital management solutions, wanted to equip its workforce with the latest technology through leasing but needed to manage thousands of contracts efficiently and prepare for new financial accounting standards. To address this challenge, the company turned to vendor IBM for a solution.

IBM implemented its IBM TRIRIGA lease accounting solution to centralize and automate ADP's lease management. This provided instant visibility into lease lifecycles, streamlined accounting processes, and automated the forecasting of payment schedules. As a result, IBM helped ADP accelerate its annual payment forecast from three weeks to a single day, significantly saving time, reducing errors, and ensuring compliance with pending global accounting rules.

ADP

David Keavney

Director of IT Asset Management