Case Study: Element Solutions achieves ASC 842 compliance readiness with MRI Software

MRI Software helped key player in chemical manufacturing get ahead of lease accounting compliance

Element Solutions, a public chemical manufacturing company with 4,000 employees, 50 global locations, and 1,200 leases on its books, needed to move early to comply with the new FASB ASC 842 lease accounting standard. Stakeholders across the organization identified and cataloged leases and prioritized must-have features: strong reporting, an easily configurable interface, and a solution that would deliver compliance without heavy custom development.

MRI Software provided a leasing platform with over 300 built-in reports, a document repository, and a highly configurable interface that required no additional programming, backed by an expert implementation team. The result was a fast, tailored rollout that gave Element Solutions a clear company footprint and readiness for ASC 842 compliance.

Element Solutions

Patrick Dwyer

Technical Accounting Manager