CASE STUDY THE CHALLENGE Kelly DeFrates and her colleagues in RaceTrac’s accounting department planned to implement the new lease standard in two phases: they would use one system for their initial lease transition, and another system on a go-forward basis. Their planned go-forward solution was a new enterprise resource management (ERP) tool that they’re in the process of implementing for their general ledger. After seeing a demo of the ERP system’s lease accounting features, they realized that it fell short of their needs. They needed a tool that offered several key features: We really liked all of the reports that we could pull out of the tool. KELLY DEFRATES FINANCIAL ACCOUNTING SENIOR MANAGER RaceTrac Selects LeaseQuery for Long-Term ASC 842 Compliance PRIVATELY HELD, BAS

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