Case Study: Leading Building Material Company achieves ASC 842 compliance and centralized lease accounting with LeaseAccelerator

Centralized lease accounting for a decentralized organization

Leading Building Material Company, a producer of cement and concrete, needed to move from a decentralized, spreadsheet-based lease process to a compliant system when ASC 842 arrived. A small accounting team was responsible for collecting lease data from multiple plants while managing complications from several acquisitions, a joint venture with a different fiscal year, and mid‑month lease starts, so they engaged LeaseAccelerator to implement a dedicated lease accounting solution.

LeaseAccelerator delivered a centralized lease repository with role‑based access, advanced portfolio and maturity reports, support for multiple fiscal calendars, and training/onboarding for acquired entities; the implementation went live before the April 1, 2019 fiscal year start. As a result, the company achieved on‑time ASC 842 adoption, filed its first 10‑Q under the new standard in June 2019 with a smooth close and auditor sign‑off, onboarded acquisitions without outside consultants, and gained reporting that simplified quarter‑ and year‑end filings.