Achieving FASB Compliance with a Modern, Single-Platform Lease Administration System
Read how this global fast-growing fast-food chain increased efficiencies and insight by using the Lx Contracts lease accounting software as a single ...
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Streamline lease accounting for ASC 842, IFRS, and GASB compliance.
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Manage and analyze assets across their lifecycle to schedule maintenance, reduce downtime, and extend lifespan.
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Table of contents
This thriving fast-food chicken finger restaurant chain was founded in 1996 and now has over 630 locations across the United States, Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates. The company employs over 50,000 people and has an annual revenue of $1.5 billion.
It is renowned for its signature sauce, a blend of mayonnaise, ketchup, Worcestershire sauce, garlic powder, salt, and pepper. The restaurant chain is dedicated to providing high-quality food and outstanding customer service.
LOCATION
EMPLOYEES
ANNUAL
REVENUE
Before working with Accruent, this rapidly expanding fast-food corporation faced issues consolidating its information, acting upon it, and utilizing it to improve processes and make data-driven decisions. They were primarily using Excel sheets to manage their lease accounting processes, leading to many inefficiencies:
This excessive manual work led to a lack of efficiency and insight, costing the corporation both time and money.
The fast-food restaurant chain decided to use Lucernex's Lx Contracts lease accounting software as a single source of truth for all its lease administration and accounting needs. With this software, the restaurant chain could:
Thanks to the increased efficiencies and insight provided by the Lx Contracts software, the organization was able to:
Read how this global fast-growing fast-food chain increased efficiencies and insight by using the Lx Contracts lease accounting software as a single ...
Read how this global fast-growing fast-food chain increased efficiencies and insight by using the Lx Contracts lease accounting software as a single ...
Read how this global fast-growing fast-food chain increased efficiencies and insight by using the Lx Contracts lease accounting software as a single ...
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