To the Power of Human

A Healthy Dose of Lease Accounting

Jun 2, 2019 |
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Client

A Fortune 10 healthcare leader

Our existing client needed expert guidance and implementation support to comply with ASC 842, the new lease accounting standard, across their global enterprise.

With a deep client relationship defined by co-creation, collaboration and expert knowledge of our Client’s business, RGP effectively tackled complex compliance challenges through a global LeaseAccelerator software implementation and project management support.

What We Did

  • Aligned project goals around business objectives and the needs of people impacted by implementation of the new standard.
  • Partnered with LeaseAccelerator to offer global project governance, project management and software implementation support, data abstraction and validation, future state processes and audit preparation.
  • Successfully completed system implementation, process flow and design, data collection, validation and migration activities, and integration with key financial systems such as SAP, CoStar, PeopleSoft and Blackline.
  • Mobilized globally to provide post-implementation and ongoing project management, change management support, as well as end-user training.

Impact

  • Building on our relationship and knowledge of our Client’s implementation challenges to meet their timeline, we expanded our lease accounting reconciliation support and other financial reporting execution with 11 additional consultants.
  • Transferred lease software and technical accounting expertise to help our Client to continue generating benefits from the project.
  • Demonstrated our expertise, accuracy and thoroughness by successfully completing more than 750 million journal entries in LeaseAccelerator, covering all our Client’s leases for the entire life of the lease.
  • Leveraged our human-first approach to bring the right people who understood how to successfully operate in our Client’s complex business environment and unique culture.
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Client

A Fortune 10 healthcare leader

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