Crowe Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Crowe Strengths, Domain Expertise, and Key Differentiators

Crowe Lease Accounting Optimizer is an expertly crafted solution designed by the proficient accounting and technology professionals at Crowe. This powerful tool seamlessly integrates lease management with a financial impact calculator, making it the ideal choice for organizations aiming to achieve compliance with the FASB ASC 842 and IFRS 16 regulations governing accounting standards for leases.

Deployed entirely within Dynamics 365 for Finance and Operations, this application is specifically tailored to address the intricate demands of lease accounting. Users gain access to a comprehensive summary view of leases and can efficiently manage lease-related activities across legal entities, all from a single, user-friendly interface. Recognizing the significance of the new lease accounting standards, Crowe LLP has proactively developed this technology tool to complement its compliance framework, thereby offering invaluable assistance to companies in preparing for and sustaining ongoing compliance.

Given the far-reaching impact of the new lease accounting standards on entities involved in leasing or subleasing property or equipment directly or through service contractors, Crowe's Lease Accounting Optimizer proves to be a vital asset. By leveraging this solution, organizations can effectively streamline their lease accounting processes, ensuring adherence to the latest standards without compromising efficiency.

In a similar vein, Crowe Advanced Lease Accounting for NetSuite is yet another cutting-edge offering from Crowe LLP, catering to companies seeking to comply with the US GAAP ASC 840 and ASC 842, as well as the International Accounting Standard Board's (IASB) IAS 17 and IFRS 16. Exclusively built within the NetSuite platform, this application effortlessly automates complex calculations, alleviating the burden of transitioning lease portfolios to the new accounting standards.

Crowe's dedication to delivering sophisticated solutions is evidenced by its focus on combining domain expertise and advanced technology. With Crowe Lease Accounting Optimizer and Crowe Advanced Lease Accounting for NetSuite, businesses can confidently navigate the challenges posed by evolving lease accounting standards while optimizing their operational processes for sustained growth and success.

Crowe Recent Developments

Crowe LLP has been making significant strides in the industry, leveraging technology to provide cutting-edge solutions to its customers. In 2020, the firm introduced the Crowe Hive, a secure social network that enables healthcare professionals to collaborate and share knowledge in a trusted digital environment. Furthermore, Crowe released the Crowe Pandemic Response app, a free tool designed to help clients manage risk and compliance across multiple jurisdictions during challenging times.

Crowe Mergers and Acquisitions (M&A) Activities

To enhance its capabilities and expand its reach, Crowe has been actively engaging in mergers and acquisitions. In October 2021, Crowe acquired SparkOrange, a Salesforce consulting firm. This strategic move enables Crowe to leverage SparkOrange's expertise in financial services, healthcare, manufacturing, and other sectors to provide end-to-end Salesforce solutions to its clients.

In September 2021, Crowe also welcomed personnel from Upaya - The Solution Inc., a cloud consulting firm. This acquisition bolsters Crowe's cloud-based solutions, particularly in the areas of NetSuite and Workday Adaptive Planning, allowing the firm to deliver comprehensive transformational services across industries.

Crowe Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Crowe applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Crowe and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Crowe Lease Accounting Optimizer customers.

Crowe Key Enterprise and Cloud Applications

Crowe Lease Accounting Optimizer

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Crowe Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Crowe Customers

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Crowe LLP has a diverse customer base, including notable companies like Serv-U-Success, Oscar Winski Metals Company, and Texas Roadhouse. Such reference customer wins indicate the firm's ability to deliver value and tailor solutions to various industries. With a global presence and a strong network of over 200 independent accounting and advisory services firms in more than 130 countries, Crowe serves clients worldwide.

Crowe Market Opportunities, M&A and Geo Expansions

Crowe has identified significant market opportunities both on the horizontal and vertical levels. The firm's expertise in the healthcare sector, demonstrated through the Crowe Hive and other healthcare-focused solutions, presents growth potential in an industry that continually demands innovative technology solutions. Additionally, the expansion of operations in new regions, such as the Asian Pacific and Europe, opens doors to tap into emerging markets and serve a broader customer base.

Crowe Risks and Challenges

Like any company in the competitive IT industry, Crowe faces internal and external risks. One internal challenge is the need to continuously work and improve their product offerings, especially in the small but highly cooperative lease accounting market.

Externally, market fluctuations, changes in regulatory environments, and evolving customer demands may pose challenges. Moreover, entering new regions could entail navigating different cultural and regulatory landscapes.

Crowe Ecosystem, Partners, Resellers and SI

Crowe has strategically partnered with various technology providers, including Great Bay, Microsoft, Ntracts, Oracle NetSuite, RSA Archer, and Tableau. These partnerships enable Crowe to leverage the strengths of each provider's products and deliver comprehensive solutions to clients. For instance, the collaboration with Microsoft allows Crowe to offer clients robust and integrated solutions using Microsoft products. The alliance with Tableau empowers Crowe to provide advanced data visualization and analytics tools to clients across diverse industries.

Crowe Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: