Case Study: OSF HealthCare saves time and money with insightsoftware LeaseAccelerator

OSF HealthCare saves time and money with lease automation

OSF HealthCare, an integrated health system with 147 locations across Illinois and Michigan, needed a better way to manage a growing portfolio of leases for properties, vehicles, and equipment. With a manual, decentralized process that left finance without full visibility, the team struggled to meet ASC 842 requirements, manage straight-line leases and deferred rent, and avoid costly auto-renewals. OSF HealthCare turned to insightsoftware’s LeaseAccelerator to address these challenges.

Using insightsoftware’s LeaseAccelerator, OSF HealthCare centralized lease data, uncovered embedded and misclassified leases, and automated workflows, alerts, and audit reporting. The result was full visibility and control over the lease portfolio, weeks of audit preparation time saved, and more than 80 hours of staff time eliminated for SOC 1 and 2 reporting. OSF HealthCare also reduced evergreen fees by hundreds of thousands of dollars and improved cash flow through better end-of-term management.

OSF Healthcare

Tony Dodaro

Ministry-wide Accountant