CASE STUDY THE CHALLENGE In the past, network communications company Cologix tracked their leases in Excel. After the new lease accounting standard rolled out, the accounting team knew they needed a better solution. Though they have a smaller lease portfolio, they felt that they needed a more robust solution, given the complexity and requirements of the new standard. “Now that we’re going to have to start tracking the ROU assets of operating leases and amortizing that it just made more sense to do it in a different system than Excel,” said Garret Shefeld, Assistant Controller. As they began to research the different lease accounting software solutions on the market, they had several criteria the software had to meet. The software had to: One repository that will hold all of

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