Case Study: Mission Produce eliminates manual month-end close work with insightsoftware LeaseAccelerator

Mission Produce Eliminates Manual Work for Month-End Close Activities

Mission Produce, a California-based global avocado leader with 3,900 employees across 25 countries, was struggling with its existing lease accounting process. The company faced issues with FX reporting, limited period-closing and workflow capabilities, weak general ledger mapping, and difficulties with certain modifications and calculations, while also needing to maintain IFRS and GAAP compliance. Mission Produce turned to insightsoftware and its LeaseAccelerator product to find a better fit.

With insightsoftware’s LeaseAccelerator, Mission Produce gained a centralized platform for managing lease accounting, especially FX reporting. After a seven-month implementation, the company now uses the system for ledger exports and trial reports to manage its $90M lease portfolio, and it no longer needs offline manual calculations. insightsoftware also helped eliminate manual FX work during month-end close activities, while providing the calculations and SOC1 reporting support the team needed.

Mission Produce

Melinda Donkor

Director, Financial Reporting