Case Study: Wharton-Smith achieves ASC 842 lease accounting compliance with Occupier

Wharton-Smith implements Occupier in 2 weeks and saves 60 hours

Wharton-Smith, Inc., a construction company, faced the challenge of transitioning its 300+ equipment and 30+ real estate leases to comply with new ASC 842 accounting standards under a tight deadline. Their manual Excel tracking process was inadequate, so they needed a fast and reliable lease management solution. They selected the Occupier software due to its unmatched implementation timeline.

Occupier implemented its solution in just two weeks, allowing Wharton-Smith to generate compliant reports for their audit on time. The software automated complex calculations and centralized all lease data, which made the audit process exceptionally smooth and saved the finance team an estimated 60 hours. The team at Wharton-Smith reported that Occupier's support and the quality of the reports exceeded expectations, ensuring a successful transition.

Wharton-Smith, Inc.