LeaseCrunch Strengths, Domain Expertise, and Key Differentiators
In the rapidly evolving landscape of finance and accounting, LeaseCrunch has emerged as a leading provider of lease administration and accounting solutions. LeaseCrunch differentiates itself in the market through several key strengths. Firstly, the company possesses extensive domain expertise in lease administration and accounting, allowing them to understand the unique challenges faced by CPA firms. Their product portfolio includes a comprehensive suite of features, with a strong focus on leveraging AI and ML technologies. LeaseCrunch Verify, for example, showcases their commitment to streamlining and automating auditing processes for CPA firms. The company's emphasis on simplicity and user-friendly interfaces further enhances its appeal to customers.
LeaseCrunch Recent Developments
LeaseCrunch has achieved remarkable growth in August 2021, primarily driven by the acquisition of two Inside Public Accounting Top 20 CPA firm customers. This strategic move has not only expanded their customer base but also enhanced their reputation within the industry. Additionally, the introduction of LeaseCrunch Verify in May 2021, a cutting-edge application for auditing lease accounting, has showcased LeaseCrunch's commitment to providing innovative solutions. While specific revenue and profit data is not available, these developments indicate strong growth potential for the company.
In May 2021, LeaseCrunch unveiled LeaseCrunch Verify, an application that assists CPA firms in reducing the time and expense in auditing their clients’ lease accounting. LeaseCrunch Verify allows CPA Firms to add all client accounts from a single dashboard and immediately enter and test a sample size of their leases. Firms can also add the selected sample of leases to their “Prepared By Client” list and invite clients to enter the leases directly in their own secure account.
LeaseCrunch Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LeaseCrunch 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 LeaseCrunch 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 LeaseCrunch customers.
LeaseCrunch Overview
207 N Milwaukee St,
Milwaukee, WI, 53202, United States
1 414-517-4681
https://www.leasecrunch.com/
Ownership: - x
Number of Employees: 50
Functional Markets: ERP Financial,
Key Verticals: Federal Government, State and Local Government, Public Safety, Professional Services,
LeaseCrunch Key Enterprise and Cloud Applications
LeaseCrunch
LeaseCrunch Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
LeaseCrunch Revenue Breakdown By Type, $M:
LeaseCrunch Enterprise Applications Revenues By Functional Markets, $M:
LeaseCrunch Enterprise Applications Revenues By Verticals, $M:
LeaseCrunch Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
LeaseCrunch Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
LeaseCrunch Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified LeaseCrunch Customers
No. of LeaseCrunch Customers: 600
No. of LeaseCrunch Enterprise Applications Customers: 600
No. of LeaseCrunch Cloud Customers: 600
No. of LeaseCrunch Cloud Subscribers: x
LeaseCrunch has successfully established its presence in the market, with over 600 CPA and Government Agencies nationwide relying on their Lease Administration and Accounting Solution. The company's recent customer wins with Inside Public Accounting Top 20 CPA firms demonstrate their ability to attract prominent clients.
LeaseCrunch Market Opportunities, M&A and Geo Expansions
LeaseCrunch is well-positioned to capitalize on the vast market opportunities presented by the digital transformation in the finance and accounting sector. On a horizontal level, the increasing adoption of cloud-based solutions provides LeaseCrunch with a scalable platform to serve a growing customer base. Moreover, the vertical market for lease accounting solutions is expanding due to regulatory changes and the need for accurate financial reporting. By targeting new regions and markets, LeaseCrunch can further enhance its market share and revenue potential.
Additionally, LeaseCrunch was selected as a preferred provider by CPAmerica, Inc. in May 2021, granting member firms access to their software platform for simplified lease accounting implementation. The strong reliance of CFOs on their CPA firms for lease accounting further strengthens LeaseCrunch's customer base.
LeaseCrunch Risks and Challenges
LeaseCrunch does not directly sell its solution to end-users. Through interviews with CFOs, it has been revealed that 100% of them plan to engage their respective CPA firms to seek assistance in implementing the lease accounting standard. The involvement of CPA firms in the implementation process, as well as their subsequent audit of the final records, results in shared efficiencies between the firm and the client. This is facilitated by the CPA firms' familiarity with LeaseCrunch's software and its reporting capabilities.
LeaseCrunch Ecosystem, Partners, Resellers and SI
LeaseCrunch recognizes the importance of building a strong ecosystem to drive its success. One notable partnership is with Moore Stephens North America, which provides an expanded distribution channel for LeaseCrunch's software. This collaboration enables LeaseCrunch to integrate its products into the solutions offered by Moore Stephens North America member firms, fostering a mutually beneficial relationship. The ecosystem of LeaseCrunch includes system integrators and value-added resellers who enhance the value proposition of their software through integrations with complementary technologies.
LeaseCrunch Cloud Infrastructure Insights
Subscribe to read more about:
- LeaseCrunch Public Cloud and Infrastructure (IaaS)
- LeaseCrunch Platform (PaaS)
- LeaseCrunch Application Delivery
- LeaseCrunch 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).
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