Case Study: Mission Produce achieves automated month-end close and eliminates manual FX work with LeaseAccelerator

Mission Produce eliminates manual work for month-end close activities

Mission Produce, a California-based global leader in the avocado industry with ~3,900 employees and a lease portfolio of about $90M, was frustrated with its prior lease accounting solution due to poor FX reporting, lack of period-closing workflows, limited general ledger mapping, and manual calculations while needing to maintain IFRS and GAAP compliance. To address these challenges, Mission Produce selected LeaseAccelerator for its lease lifecycle automation platform, notably for the platform’s FX reporting and lease accounting capabilities.

LeaseAccelerator implemented its platform over a seven-month rollout with strong support from its engineering and implementation team. As a result, Mission Produce now uses LeaseAccelerator for ledger exports and trial reports to manage the ~$90M portfolio, relies on the system calculations and SOC1 reports instead of offline manual work, and has eliminated manual FX tasks for month-end close activities.

Mission Produce

Melinda Donkor

Director, Financial Reporting