Leveraging reporting for a multi-faceted lease portfolio.
MISTRAS Group, a multinational leader in integrated technology-enabled asset protection solutions, efficiently manages a complex lease portfolio of over 1,800 leases with Visual Lease, including over 120 facilities across 10 countries and approximately 1,500 vehicles, streamlining compliance with ASC 842 and enhancing operational oversight.
“We wanted a vendor who wasn’t going to be stagnant. Someone who was going to be continuously innovating the tool and listening to customer feedback for continuous improvement. Over the past 4 years, I have been very impressed with Visual Lease’s focus and attention to this area.”
Tommy Tobolski,
Treasurer at MISTRAS
Since partnering with VL, MISTRAS has:
Consolidated all lease information into a single system of record, improving data accessibility and accuracy.
Utilized SOC-1 lease reports to ensure compliance with ASC 842, simplifying the calculation of Right-of-Use Assets and Liabilities.
Provided read-only access to brokers and auditors, significantly reducing the time spent on audit requests and allowing the team to focus on other business needs.
