Case Study: Global Metal Products Manufacturer achieves on-time ASC 842 compliance and streamlined lease accounting with LeaseAccelerator

Large Volume of Leases Made Manual Accounting Impossible — Enter LeaseAccelerator

Global Metal Products Manufacturer faced ASC 842 compliance across a complex, decentralized lease footprint — more than 1,000 leases and ~5,000 leased assets including ~1,100 equipment leases and significant real estate exposure — with multiple ERPs, currencies, embedded leased assets and a small centralized accounting team. Manual accounting and timely disclosure under the new standard were impractical, so the company selected LeaseAccelerator’s lease accounting and lease management application to automate calculations, reporting, and contract controls.

LeaseAccelerator’s in‑house implementation team deployed its SaaS lease accounting solution, using test environments and a lease accounting validator, centralized controls with decentralized data entry, multi‑currency and consolidated journal entry capabilities, and robust reporting and support. As a result, Global Metal Products Manufacturer has closed its first three quarters under ASC 842 on time, streamlined month‑end and disclosure reporting, and now relies on LeaseAccelerator for ongoing compliance, training and end‑to‑term lease management.