Quick Stats

Quick Stats

    You are here

    Stop & Shop Streamlines Operations with SOX Compliance Software

    QUINCY, Mass. -- Ahold-owned grocery chain Stop & Shop Supermarkets, Inc. and its wholly owned subsidiary Giant Foods said it tightened its Sarbanes-Oxley compliance and gained significant operational efficiencies using new property and lease administration software.

    QUINCY, Mass. -- Ahold-owned grocery chain Stop & Shop Supermarkets, Inc. and its wholly owned subsidiary Giant Foods said it tightened its Sarbanes-Oxley compliance and gained significant operational efficiencies using new property and lease administration software.

    The retailer used new software from AMTdirect, a Charlotte, N.C.-based provider of real estate solutions to the corporate and commercial real estate industries. "AMTdirect has helped us become Sarbanes-Oxley compliant while simultaneously streamlining the operations of three different departments into one resource," said Paula Leaverton, manager of lease administration for Stop & Shop.

    AMTdirect's hosted solution addresses problems caused by decentralized operating environments, cumbersome paper-based document management, inefficient lease abstraction processes, and limited lease reporting capabilities.

    AMTdirect's Client Services Group abstracted Stop & Shop's leases over a six-month period. During this process, AMTdirect product managers and software developers worked with Stop & Shop, enabling them to use data from the lease abstracts to perform key functions with AMTdirect's accounting modules, including automation of the accounting processes and 13th Period functionality.

    Related Content

    Related Content