Case Study: Polaris achieves lease accounting compliance readiness and centralized leased-asset management with MRI ProLease Direct

Polaris - Customer Case Study

Polaris, a leading powersports manufacturer with $5.4 billion in 2017 sales, faced the urgent challenge of complying with new lease accounting standards (FASB ASC 842 and IASB IFRS 16) and managing a large fleet of leased assets. To address this, Polaris selected MRI ProLease Direct’s AMTdirect lease administration solution to centralize lease data and prepare for the coming accounting changes.

MRI ProLease Direct implemented AMTdirect to organize locations, contracts, maintenance items, key dates and lease obligations in a single system, giving Polaris clearer visibility and control over its leased assets. The solution positions Polaris to meet ASC 842/IFRS 16 requirements, reduces administrative risk, and streamlines ongoing lease management.

Polaris