How LeaseQuery Is Improving Ef ciency and Collaboration at Community Bank N.A.
How LeaseQuery Is Improving Ef ciency and Collaboration at Community Bank N.A.
2 PagesCASE STUDY THE CHALLENGE In late 2017, Monica Hoffart, Accounting Supervisor for Community Bank N.A., learned of the new lease standard. With reporting concerns being top of mind, she and her colleagues immediately began the process of nding a software solution. The Facilities department also played a role in the evaluation process. They needed a tool to capture all information related to leases and notify them of lease renewals and terminations, key exchanges, etc. Feeling Con dent About Compliance The deciding factor for selecting LeaseQuery was the approval step, which would help ensure compliance with Section 404 of the Sarbanes-Oxley Act. “The things that we liked about LeaseQuery were the data validation, audit trail, and email notifications.” MONICA HOFFART ACCOUNTING S
