Case Study: New Seasons Market achieves centralized lease management and ASC 842 compliance with MRI ProLease Direct

New Seasons Market Joins the AMTdirect Community

New Seasons Market, a West Coast neighborhood grocer and the world’s first B Corp grocery store with 20 stores and four New Leaf locations, needed a lease administration and accounting solution to manage its real estate and equipment contracts and to comply with the new FASB ASC 842 lease accounting requirements. New Seasons selected MRI ProLease Direct to provide centralized lease management and accounting support.

MRI ProLease Direct implemented a centralized lease repository with proactive daily management of lease activities and streamlined reporting, giving New Seasons one place to manage contracts and meet ASC 842 obligations. As a result, New Seasons gained better visibility and control over its leases, reduced the manual burden of compliance, and achieved more efficient, consistent lease reporting with MRI ProLease Direct.

New Seasons Market