Case Study: Large healthcare organization streamlines lease accounting and strengthens controls with LeaseAccelerator

Large healthcare organization streamlines lease accounting with managed services and implements real estate lease administration

Large Healthcare Organization, a global healthcare system with 75,000+ employees and more than 2,000 locations, was managing a decentralized, fragmented lease accounting process across 3,800 leases and a $900M portfolio. Facing costly upgrade requirements for IBM Tririga and weak internal controls, the organization sought to consolidate lease accounting and real estate administration onto a single platform and centralize processes and expertise. They engaged a Big Four firm’s Lease Managed Services to implement LeaseAccelerator software.

Using the Firm’s Managed Services to deploy LeaseAccelerator Lease Accounting Manager and LeaseAccelerator Real Estate Manager, the solution delivered an automated, end-to-end lease lifecycle with monthly/quarterly/annual reporting, journal entries, payment processing, asset tracking and renewals management. LeaseAccelerator enabled standardized processes, timely and reliable reporting, stronger controls, and on-demand subject matter support, freeing staff from lease accounting work, yielding cost-saving insights, improved productivity and ROI, and reduced financial risk.