Anchin modernizes ASC 842 lease accounting workflows with Trullion, achieving time savings and accuracy gains
Anchin faced rising complexity managing ASC 842 lease accounting across a growing and diverse client base. Manual Excel-based workflows caused version control issues, formula breaks, slow reviews, and a higher likelihood of human error, with complex multi-year contracts magnifying the problem.
How it works
Common implementation structure
How this type of workflow is generally built, generalized across documented cases — not tied to any one vendor's stack. Click any stage to read what happens there. Specific products that implement these stages appear in “Tools commonly seen” below.
Stage 1 · Lease data input
Clients or Anchin's team input lease information into Trullion.
Tools used
TrullionOCRExcel
Outcome
Trullion delivered a significant reduction in time spent on lease accounting tasks and eliminated version issues, formula errors, and manual misses, while staff enthusiasm for new tools increased dramatically and clients found the transition seamless.
What failed first
Excel-based lease schedules produced version control issues, formula errors, and manual misses, making the approach unsustainable as lease complexity and volume increased.