LeaseQuery Saves McLeod Health
40+ Hours on Lease Disclosures

The Challenge

McLeod Health, a nonprofit healthcare system based out of South Carolina, was previously using spreadsheets to track lease data manually. Excel was not the best product to help the organization transition to the new FASB standard, ASC 842. Without the right solution, they were at risk of noncompliance.

The Solution

After implementing LeaseQuery, McLeod Health saved over 40 hours on the new required financial statements and lease disclosures.

“Our auditors trust the reports from LeaseQuery, so it’s easy for us to generate the information they need. The LQ team is amazing as they always respond in a very timely manner and help us resolve any issues.”