For a fast growing company like Clinton, managing all lease agreements manually in an Excel file eventually became unsustainable. The solution was to automate contract management with Leasify's web-based SaaS solution.
The Clinton Group consists of Clinton Marine Survey and Clinton Mätkonsult, which provide geodetic surveying services at sea and on land. Both companies have a large number of technical instruments acquired through financial leasing.
– In the beginning, when we only had a few leases to keep track of, managing them in an Excel file worked fine, but not with the number we have today. It becomes far too cumbersome, explains Ann-Charlotte Gustafsson, Financial Controller at Clinton.
Control over lease agreements
Clinton has experienced 20 percent growth in recent years and now has over 120 employees. To gain control over the growing number of lease agreements, the company’s auditors recommended Leasify to Ann-Charlotte Gustafsson.
– We chose Leasify because it felt like a smooth and secure system, and Leasify is a company that wants to further develop its service and listens to feedback and requests from its customers, she says, adding:
– I also appreciate that Leasify has financially knowledgeable consultants, not just technical salespeople. This gives me confidence, as our leasing agreements make up a significant part of the company’s balance sheet.
"I like that there is traceability."
Ann-Charlotte Gustafsson began working with Leasify last summer and uses the service at each monthly close to manage the company’s financial lease agreements and generate Local GAAP reports.
– Since I find financial leasing complex, I appreciate that the service provides detailed background data. I also like that it’s fast and offers traceability. I can track where the numbers come from, which was relatively hard to manage when I handled the agreements manually in Excel.