Wendy's sought an enterprise solution that could streamline their lease administration and accounting strategy and assist in their ambitious domestic and overseas growth.
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As the quick service giant has continued to expand both its North American and international footprints, they faced challenges finding a lease administration tool that could effectively manage the rent payments and critical dates of thousands of leases, and one that could give them a holistic view of their extensive network of franchise leases. As the deadline for public companies loomed, achieving and maintaining long-term compliance to the FASB ASC 842 standard was also a major concern.