Case Study: Signifyd cuts lease accounting time by 50% with Netgain NetLease

Signifyd reduces time spent managing leases by 50% with NetLease

Signifyd, a provider of a Commerce Protection Platform, faced significant challenges in managing its lease accounting after a key employee departed, leaving behind a complex and error-prone spreadsheet system for ASC 842 compliance. This manual process was inefficient and raised serious concerns about data accuracy, prompting the company to seek a solution from vendor Netgain and its NetLease product.

By implementing NetLease, Netgain provided Signifyd with an automated and intuitive platform that streamlined its entire lease management process. The results were substantial: the time spent on monthly lease accounting was cut in half from 8 hours to less than 4, and creating a new lease now takes only 15 minutes. This 50% time savings increased data accuracy, ensured compliance, and freed the team to focus on more strategic work.

Signifyd

Ty Barton

Sr. Manager, International Accounting