Case Study: Capitol Federal Financial reduces lease accounting workload with Netgain NetLease

Capitol Federal Financial cuts lease accounting time by nearly 80% with Netgain

Capitol Federal Financial, the parent company of a publicly traded savings bank, faced significant challenges managing its lease accounting for nearly 50 leases under ASC 842 requirements. The team was buried in troubleshooting complex, custom-built Excel spreadsheets, spending more time fixing formula errors and manually assembling reports than on actual accounting work. To solve this, they turned to vendor Netgain and its NetLease software.

By implementing NetLease from Netgain, the accounting team centralized its lease data and automated calculations. This solution reduced their lease accounting workload by nearly 80%, allowing them to focus on analysis instead of spreadsheet maintenance. The platform also streamlined quarterly financial reporting for the public company and provided easier handling of complex lease modifications, all while offering improved visibility for both the accounting and facilities teams.

Capitol Federal Financial