Xoriant Case Study for Implementing Lease Processing Cloud Solution

Client Background

• Our client is one of the Big 4 audit firms offering lease, tax, and advisory services to businesses
• With the issue of the new lease accounting standard published by the FASB, they wanted to implement the changes in the standard for their customers to meet the financial reporting requirements within the stipulated deadline

Xoriant Solution

• Xoriant’s engineering team considered the key objectives of the client to aid their business requirements and achieve compliance in financial reporting
• The team actively worked on the design and packaging of the solution

Key Benefits

• Effective scale up with 50% infrastructure cost savings
• Minimum knowledge transfer and training of the solution due to ease of use