Case Study: Marine Layer achieves ASC 842 compliance and faster retail expansion planning with Occupier

Marine Layer saves 90% of lease management time with Occupier

Marine Layer, a retail brand expanding its brick-and-mortar presence, faced challenges in managing lease accounting compliance with the ASC 842 standard and supporting its growth. The company partnered with Occupier, a lease administration and accounting software, to move away from inefficient Excel spreadsheets and to create better collaboration between its real estate and accounting teams.

By implementing Occupier's solution, Marine Layer achieved ASC 842 compliance and passed its audit with a clean opinion. The software provided significant time savings, reducing lease schedule updates to just 15 minutes and offering a 90% efficiency gain in lease management. Occupier also enabled better forecasting for expansion planning and created a centralized, automated system for both teams, ensuring alignment and providing robust audit trails.

Marine Layer