Perry & Associates Transforms GASB Compliance into Award-Winning Results with LeaseCrunch

Perry & Associates' decision to implement LeaseCrunch was driven by two key factors: functionality and affordability. “The lease standard had been delayed for a few years, so when we finally decided to tackle it, we needed a solution that wasn’t just effective but also cost-efficient,” Burns explains. “We don’t serve clients with enormous budgets for software. LeaseCrunch fit perfectly—it scaled with the size of the client, without imposing monumental fees.”

This affordability, combined with LeaseCrunch’s robust functionality, made it an ideal choice for the firm’s governmental and nonprofit clients. 

Transitioning to LeaseCrunch was seamless for Perry & Associates. They found that the user-friendly nature of LeaseCrunch meant minimal training was required. “I’ve done group trainings inside of the firm to get our accountants exposed to it. But after showing them one time, I rarely have to hold their hands. It's very user-friendly,” Burns shared. The firm also made extensive use of LeaseCrunch’s knowledge base, ensuring that employees could self-educate through research or videos.

Among the features that stood out to Perry & Associates, LeaseCrunch’s ability to track compliance and create clear audit trails was particularly valuable. For governmental and nonprofit clients, meticulous documentation is critical. LeaseCrunch provides the firm with the clarity and precision needed for both the preparation and auditing sides of the business.

“The documentation is so clear and self-explanatory that when we send it to external parties—whether that’s an auditor, a CPA firm, or internally within our firm—we can easily export any report and provide a clear paper trail,” says Burns. “The ability to house all the documentation inside the lease itself simplifies everything.”

LeaseCrunch’s biggest advantage, however, came in the form of time savings. By automating lease accounting, Perry & Associates significantly reduced the hours spent manually calculating leases, which in turn lowered costs for their clients.

The firm estimates that LeaseCrunch reduced the time spent on lease accounting by more than 50%, resulting in significant cost reductions for clients. For example, what would have previously cost a client $2,000 now only costs about $700, thanks to the efficiencies LeaseCrunch delivers.

One of Perry & Associates’ standout clients, the City of Twinsburg, won the prestigious Government Finance Officers Association (GFOA) Certificate of Excellence in Financial Reporting, thanks in part to their use of LeaseCrunch.

“When we prepared the City of Twinsburg’s annual comprehensive financial report, LeaseCrunch was instrumental in helping us meet the stringent requirements of the award. We had to ensure full compliance with GASB standards and provide detailed, accurate reporting. LeaseCrunch simplified the process, allowing us to focus on the overall quality of the report rather than getting bogged down in the details of lease accounting.”

As Perry & Associates reflects on their experience with LeaseCrunch, they appreciate how smoothly the transition to GASB 87 went and how the platform continues to support their success. With the recent implementation of GASB 96, the firm is more confident than ever in LeaseCrunch’s ability to meet their needs.

Burns shares, "I was reading an article from GFOA the other day about how impactful the lease accounting standards have been across the country, from Seattle to Miami, New York to Los Angeles, everywhere in between. The article referenced how painful SBITA and GASB 96 implementation was. And I just really couldn’t relate, because with LeaseCrunch, it was so simple for us."

With that level of confidence, Perry & Associates looks to the future with optimism. "I have a lot of confidence moving forward with any potential new offerings that might come our way from LeaseCrunch."