Case Study: Stripe builds a scalable lease accounting process with Spacebase

Stripe builds a scalable lease accounting process in 90 days with Spacebase

Stripe, a global financial technology company, faced a growing challenge in managing its expanding lease portfolio under the complex ASC 842 standard. Their manual, spreadsheet-dependent processes were inefficient, risky, and struggled to support cross-functional collaboration between Real Estate, Accounting, and Finance teams, creating a significant scalability problem. To address this, Stripe partnered with vendor Spacebase to implement its integrated lease accounting and administration platform.

Spacebase provided a centralized lease repository and a technological framework that enabled seamless cross-functional collaboration and automated key processes. The solution included implementing a formal lease accounting policy, establishing robust internal controls, and automating journal entries and reconciliations. For Stripe, this resulted in a repeatable, accurate, and audit-ready process that could scale with their growth without a corresponding increase in manual effort, ultimately ensuring compliance and reducing financial reporting risk.

Stripe