Indeed Case Study – New

Centralizing a global lease portfolio and establishing process regulation.

Indeed

Centralizing a global lease portfolio and establishing process regulation.

Indeed.com, the world’s leading job site, has utilized Visual Lease for over seven years to manage real estate lease accounting, standardizing processes across the organization and creating a single source of truth, which has significantly streamlined operations and reduced personnel requirements globally.

“I think it’s a system that’s going to be able to keep all those leases – operational or financial – all in one place, keep a single source of truth for all of your information regarding your leases and any future amendments or changes to those leases, you’ll be able to analyze or quickly determine what that impact will be right away.”

 

Anthony Cacchiani,
Senior Manager, Global Finance at Indeed.com

Since partnering with VL, Indeed has:

Established a single source of truth for lease information, enablingconsistent and accurate accounting practices across the organization.

Reduced the number of people involved in lease management from 4-5 to just 3, saving time and resources.

Provided auditors with reliable data, ensuring accurate and dependable financial results.

tspinelli

Recent Posts

Asset retirement obligation under ASC 842, IFRS 16 and GASB 87

If you have signed an operating lease for space, built leasehold improvements, and determined that…

2 days ago

Visual Lease Named a Workday Innovation Partner to Help Organizations Provide Expanded View of Lease Portfolios

This integration will provide mutual customers with a comprehensive view of their lease portfolios, helping…

7 days ago

How to Create a Lease Amortization Schedule: A Comprehensive Guide

When it comes to managing leases and financial obligations, understanding how to calculate a lease…

2 weeks ago

Lessee vs. Tenant: What’s the Difference?

When it comes to real estate and leasing agreements, terms can sometimes get a bit…

2 weeks ago

Understanding Prepaid Rent for ASC 842: What You Need to Know

What is prepaid rent?  Prepaid rent refers to lease payments made in advance for a…

2 weeks ago

Finance Leases vs. Operating Leases: Understanding the Differences and ASC 842

Finance leases and operating leases are two common types of lease arrangements that businesses encounter.…

2 weeks ago