FXI uses LeaseQuery + FloQast to simplify
complex accounting and improve efficiencies
Before using LeaseQuery, FXI managed all of its leases with Excel spreadsheets. The company needed a more robust solution to manage its various types of leases as it transitioned to the new FASB standard, ASC 842.
While Excel was decent enough to house lease data, LeaseQuery proved to be a more powerful lease accounting solution to improve overall processes and productivity, and ensure compliance.