Case Study: Large Healthcare Organization streamlines lease accounting with insightsoftware LeaseAccelerator

Large healthcare organization streamlines lease accounting and implements real estate lease administration

Large Healthcare Organization, a large healthcare provider with 75,000+ employees and more than 2,000 locations worldwide, was struggling with a decentralized and fragmented lease accounting process. The organization also wanted to replace IBM Tririga to avoid a costly software upgrade, while consolidating lease accounting and real estate lease administration and strengthening internal controls. insightsoftware’s LeaseAccelerator was the product involved.

To address these needs, insightsoftware implemented LeaseAccelerator Lease Accounting Manager and LeaseAccelerator Real Estate Manager through a Big Four accounting firm’s Managed Services offering. This gave the customer an automated end-to-end lease lifecycle process, centralized expertise, standardized processes, improved reporting, and better control over journal entries, payments, asset tracking, and renewals. The result was less financial risk, on-time reliable reporting, improved productivity and ROI, and freed-up staff to focus on other business work.