Case Study: Merit Coffee streamlines lease management and achieves ASC 842 compliance with Occupier

Merit Coffee saves 50% of manual hours with Occupier

Merit Coffee, a Texas-based specialty coffee company with 12 cafes, faced the challenge of complying with the new ASC 842 lease accounting standard. Their manual, error-prone processes posed significant financial risks. To address this, they adopted the lease management software and abstraction services from Occupier.

By implementing Occupier's solution, Merit Coffee centralized its lease data and automated its accounting compliance. The vendor's platform provided accurate lease abstraction, automated critical date alerts, and a scalable system for future growth. As a result, Merit Coffee saved 50% of the manual hours previously spent on lease management and gained confidence in its financial reporting.

Merit Coffee