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

LeaseAccelerator Strengths, Domain Expertise, and Key Differentiators

LeaseAccelerator delivers sophisticated enterprise lease lifecycle automation software designed to ensure enduring compliance, enhance operational efficiency, and optimize cash flow. A platform that is trusted by thousands of users, LeaseAccelerator enables the management and automation of 900,000 real estate and equipment leases, collectively valued at $150 billion. This encompasses 2 million assets distributed across 142 countries, with the platform generating a substantial 8 billion journal entries.

Spreadsheets often prove impractical for tracking large asset portfolios distributed across numerous locations, lacking scalability and reliability. Many companies face challenges in realizing anticipated savings from leasing programs, struggling with timely equipment returns and incurring excessive end-of-term fees. LeaseAccelerator, a specialized Enterprise Lease Accounting software, addresses these issues for Fortune 500 companies in three key areas: Lease Sourcing: Optimize financing terms by efficiently sourcing new equipment leases to achieve cost savings. Lease Performance: Proactively manage leases through end-of-term to reduce evergreen fees. Lease Accounting: Ensure compliance with new IFRS and FASB accounting rules governing leases, particularly in response to the enhanced disclosure requirements in quarterly and annual filings (e.g., 10-Qs and 10-Ks) stipulated by the Financial Accounting Standards Board and the International Accounting Standards Board.

LeaseAccelerator Recent Developments

In June 2023, LeaseAccelerator unveiled its latest initiative, the Trust Center, a comprehensive resource delivering crucial Information Security (InfoSec) information in support of its Lease Lifecycle Management solutions. Functioning as a centralized hub, the Trust Center serves as an invaluable repository for information on security and data privacy, empowering organizations to comprehend and effectively manage the intricacies of security risks and challenges.

In July 2020, LeaseAccelerator introduced the EZLease Application.

In December 2019, LeaseAccelerator rolled out comprehensive support for the GASB 87 lease accounting standard. Over the ensuing 12 months, state and local government agencies, along with state-funded port authorities, educational institutions, hospitals, and health systems, will be incorporating these new standards. In February 2019, LeaseAccelerator developed the Lease Accounting Validator, a testing application designed to automate the testing of leases under the new ASC 842 and IFRS 16 standards, as well as frozen Generally Accepted Accounting Principles (GAAP).

LeaseAccelerator Mergers and Acquisitions (M&A) Activities

In July 2019, LeaseAccelerator strategically acquired Guardian Global Systems, an Australian-based provider of Real Estate Administration Software as a Service (SaaS) tailored for commercial and government entities. This acquisition will augment LeaseAccelerator's application portfolio, introducing an innovative solution to address the intricate challenges associated with managing leased and owned building, land, and property contracts. The synergies between LeaseAccelerator and Guardian Global will provide a distinctive suite of applications catering to the requirements of both Controllers and Corporate Real Estate organizations.

LeaseAccelerator Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LeaseAccelerator 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 LeaseAccelerator 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 LeaseAccelerator customers.

LeaseAccelerator Key Enterprise and Cloud Applications

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LeaseAccelerator Direct vs Indirect sales

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

List of Verified LeaseAccelerator Customers

No. of LeaseAccelerator Customers: 500

No. of LeaseAccelerator Enterprise Applications Customers: 30000

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No. of LeaseAccelerator Cloud Subscribers: 3000

LeaseAccelerator's lease accounting engine and dedicated subledger seamlessly integrate with Oracle's ERP platforms, spanning E-Business Suite, PeopleSoft, JD Edwards, and Fusion applications. This compatibility has led to the adoption of LeaseAccelerator's SaaS application by 50+ Oracle-centric companies for compliance with the IFRS 16 and ASC 842 standards. Notable among LeaseAccelerator's 500+ clients are industry leaders such as Cisco, Cummins, Genesee and Wyoming, NetApp, and Eaton.

LeaseAccelerator Market Opportunities, M&A and Geo Expansions

In May 2023, LeaseAccelerator successfully concluded the acquisition of LeaseController, a Software-as-a-Service (SaaS) product, along with its associated business operations from Deloitte. This strategic move underscores LeaseAccelerator's commitment to cultivating user-friendly SaaS solutions and fostering a culture of client success, leveraging the strengths of Deloitte’s platform. As a result of this acquisition, LeaseController clients gain access to LeaseAccelerator’s comprehensive portfolio of enterprise solutions, encompassing real estate administration, equipment lease sourcing, and emissions management. This integration aims to enhance the overall value proposition and service offerings available to the expanded client base.

In June 2018, LeaseAccelerator secured a $30 million investment from Insight Venture Partners, a prominent New York-based venture capital and private equity firm. This capital injection strategically fueled crucial aspects of LeaseAccelerator's business, encompassing product development, partner ecosystem fortification, and international expansion, bolstering its substantial growth in the Enterprise Lease Accounting software market. The company judiciously deployed the funds to expedite its growth strategy, focusing on expanding international operations for enhanced support to multinational clients and making strategic investments in training, technical support, and success programs. Additionally, LeaseAccelerator planned a significant expansion of its Research and Development (R&D) organization to address a broader spectrum of industry-specific use cases, positioning itself for sustained market leadership.

LeaseAccelerator Risks and Challenges

In March 2022, LeaseAccelerator appointed Ian Dunlop as its new Chief Product Officer. With over 30 years of experience in product management and engineering within global software companies, Ian's leadership is poised to play a pivotal role in shaping a customer-focused product strategy across LeaseAccelerator's expanding portfolio of lease lifecycle management solutions. His extensive expertise comes at a critical juncture as the company undergoes exceptional growth.

LeaseAccelerator Ecosystem, Partners, Resellers and SI

LeaseAccelerator holds the distinction of being a certified Oracle Gold Level Partner and an esteemed member of the Oracle Partner Network. The robust Enterprise Lease Accounting application is intricately woven into Oracle technologies, leveraging Java and Oracle Database, and seamlessly operates within the Oracle Cloud infrastructure. In addition to Oracle, LeaseAccelerator has forged partnerships with prominent entities such as RGP, PwC, Vaco, Genpact, RSM, Riveron Consulting, Armanino, Pinehill, SAP, and several others.

In January 2019, LeaseAccelerator established a strategic partnership with Armanino to contribute to the LeaseAccelerator global alliance program. Armanino LLP, ranking among the top 25 largest independent accounting and business consulting firms in the United States, brings its wealth of expertise to the alliance. Leveraging their successful track record in supporting the adoption of new revenue recognition standards, Armanino has extended its capabilities to assist clients with the assessment, strategy, and implementation of the new ASC 842 lease accounting standards.

LeaseAccelerator Cloud Infrastructure Insights

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• LeaseAccelerator Public Cloud and Infrastructure (IaaS)
• LeaseAccelerator Platform (PaaS)
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• LeaseAccelerator Private Cloud and Data Centers

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: