Case Study: Element Solutions achieves ASC 842 lease accounting compliance and streamlined reporting with MRI ProLease Direct

Amtdirect Helped Key Player In Chemical Manufacturing Get Ahead Of Lease Accounting Compliance

Element Solutions, a public chemical manufacturer with roughly 4,000 employees, $2 billion in revenue and 50 locations worldwide, needed to inventory about 1,200 leases and get ahead of FASB ASC 842 lease accounting compliance. To meet those requirements they selected MRI ProLease Direct and its lease accounting solution to centralize leases and satisfy cross‑functional stakeholder needs for reporting and configurability.

MRI ProLease Direct implemented its configurable lease accounting platform with a document repository, access to over 300 built‑in reports, and an expert implementation team, enabling Element Solutions to stand up a company‑wide footprint quickly. The deployment consolidated management of 1,200 leases across 50 locations, delivered robust ASC 842 reporting, and left the company prepared for compliance while avoiding custom programming.

Element Solutions

Patrick Dwyer

Technical Accounting Manager