Case Study: Solidcore scales lease accounting and ASC 842 compliance with Occupier

Solidcore scales 160+ leases with Occupier

solidcore, a fitness studio operator with over 160 locations, faced significant challenges managing its lease portfolio with a lean accounting team. Relying on hundreds of spreadsheet tabs and manual processes, the company struggled with tracking variable rent clauses and ensuring ASC 842 compliance, which created a high risk of financial errors as the business scaled. The team needed a centralized system to replace its inefficient and error-prone methods and turned to the platform from Occupier for a solution.

By implementing Occupier's lease management software, solidcore centralized all lease terms and payment schedules, automating journal entries for ASC 842 compliance. This eliminated the need for a dedicated lease accounting department and prevented costly financial surprises. The results included managing 160+ leases in-house with 100% compliance and a more efficient process. Furthermore, the responsive support from the Occupier team ensured the solution could scale with the company's plans for international expansion.

Solidcore