IBM
Case Studies
Streamlining Lease Accounting and Delivering Cost-Effective Technology at ADP
Overview
Streamlining Lease Accounting and Delivering Cost-Effective Technology at ADPIBM |
Networks & Connectivity - NFC | |
Equipment & Machinery Finance & Insurance | |
Maintenance Procurement | |
Inventory Management Leasing Finance Automation | |
Operational Impact
The implementation of IBM® TRIRIGA® has significantly improved ADP's lease management processes. The automation of the calculation of forecasted payment schedules has saved considerable time and effort, and reduced errors. The solution has also enhanced ADP's ability to track leases, enabling the company to maximize the return on its investment in technology. This has allowed ADP to equip its employees with the latest tools without incurring excessive costs. Furthermore, the company is now prepared for pending changes to global lease accounting rules, thanks to a full audit trail for all its leases. | |
Quantitative Benefit
ADP has uploaded leases for approximately 100,000 assets in its US operations. | |
The company has reduced the time taken to forecast annual payment schedules from 3 weeks to 1 day. | |
ADP is in the process of adding leases for its Canadian locations and plans to include its European operations within the year. | |