The Accountancy Achieves
60% Time Savings Using
FinQuery for Their Clients
The Challenge
The Accountancy, a rapidly growing accounting firm, faced a growing challenge with the introduction of the new lease accounting standard, ASC 842. Manually racking and calculating lease data for their numerous clients became an overwhelming burden, consuming valuable time and resources. The Accountancy sought a lease Accounting software solution that could streamline their processes and ensure compliance with ASC 842.
The Solution
Recognizing the need for a specialized solution to address the complexities of ASC 842, The Accountancy formed a strategic partnership with FinQuery. This collaboration provided access to LeaseQuery, a lease accounting software tailored to the unique needs of accounting firms. FinQuery also provides specialized training to ensure our partners are up and running quickly. Entering this partnership with LeaseQuery allowed The Accountancy to support and service their clients in a new way.
“LeaseQuery stood out because it was designed with our needs in mind, Other software seemed geared towards end-users, not accounting professionals managing multiple clients. The software’s ability to provide a check in determining lease classifications (operating vs. finance) was a crucial factor for streamlining our workflow, a main feature the other solutions lacked.”