Case Study: Global Paper Products Manufacturing Company achieves ASC 842 compliance and automated global lease management with LeaseAccelerator

Global manufacturing company automates through ASC 842 transition

Global Paper Products Manufacturing Company, a $900M+ international paper products manufacturer with operations in nine countries and currencies, faced a fast-moving ASC 842 lease accounting transition involving more than 300 leases and 400+ leased assets. The decentralized finance organization had relied on spreadsheets that couldn’t handle multi-currency conversions, multiple ERP integrations or enterprise-scale reporting, so the company engaged LeaseAccelerator’s SaaS lease lifecycle automation to address compliance and portfolio control.

LeaseAccelerator was implemented beginning September 2018 and went live on January 1, 2019, using bulk upload, automatic currency conversion, ERP integrations and evergreen reporting to centralize lease data and automate journal entries and reconciliations. As a result, the company met the ASC 842 adoption deadline, filed its first 10‑Q under the new standard in March 2019 (and the second in June 2019), reduced time and cost through automation, and uses LeaseAccelerator reports to track lease terminations and stop unnecessary AP payments.