Case Study: Paul Mueller Company closes books faster with EZLease from insightsoftware

Paul Mueller Company closes books in hours and avoids new headcount with simple lease accounting

Paul Mueller Company, a publicly held global stainless steel processing equipment manufacturer, needed a better way to manage a large, international lease portfolio and comply with ASC 842. After initially relying on spreadsheets, the company struggled with lease data gathering, foreign subsidiary leases, audit delays, and increasingly complex accounting for both lessee and lessor leases. insightsoftware’s EZLease was the product used to address these challenges.

With insightsoftware’s EZLease, Paul Mueller Company automated lease loading, classification, journal entries, reporting, and disclosures, making month-end close much simpler. The company can now close its lease accounting books in less than a day, saving at least two days each month, and manage the process with just two people in a few hours. It also avoided adding headcount and completed its 2020 audit with a significantly streamlined process.

Paul Mueller Company

Katie Payne

Risk Manager