Case Study: Advanced Drainage Systems Cuts Lease Close Time with PowerPlan

By Automating the Lease Accounting Standards Advanced Drainage Systems (ADS) Generates Dramatic Cost and Time Savings

Advanced Drainage Systems (ADS), a manufacturer of water management products, faced a highly time-consuming and risky lease accounting process. With over 3,000 leases managed in complex, crash-prone Excel spreadsheets, their monthly close took up to two-and-a-half weeks, incurred significant outsourcing costs, and created substantial audit risk. To address this and achieve compliance with new standards, ADS selected the Lease Accounting Suite from PowerPlan.

By implementing PowerPlan, ADS automated its lease accounting, which drastically reduced the monthly close process from two weeks to just half a day. PowerPlan’s solution eliminated spreadsheets and outsourcing fees, cut IT costs, and provided a clear audit trail. The vendor’s tools and responsive professional team enabled a swift three-month implementation, allowing ADS to achieve full compliance and generate major cost and time savings.

Advanced Drainage Systems

Jeff Rybicki

Director of Operations Accounting