Case Study: Tyson Foods streamlines ASC 842 lease accounting with insightsoftware LeaseAccelerator

Tyson Foods - Customer Case Study

Tyson Foods, a major food production company, was faced with the challenge of achieving compliance with the new ASC 842 accounting standard for its leases. Their key requirements included finding a solution with seamless SAP integration, dedicated fiscal calendar support, and the ability to manage asset-level lease accounting. The company selected insightsoftware's LeaseAccelerator product to address these complex needs.

The solution from insightsoftware successfully integrated with Tyson Foods' SAP system and provided the necessary tools for accurate lease accounting under the new standard. While specific quantitative results are not detailed in the provided text, the implementation by insightsoftware enabled Tyson Foods to effectively meet its compliance requirements and streamline its financial reporting processes for leases.

Tyson Foods

Brian Martfeld

Director of Corporate Accounting