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

Visual Lease Strengths, Domain Expertise, and Key Differentiators

Visual Lease plays a pivotal role in ensuring organizational compliance with key lease accounting standards such as FASB, IFRS, and GASB. Its sophisticated SaaS platform not only streamlines adherence to these standards but also significantly improves financial, legal, and operational lease performance for businesses. The user-friendly nature of Visual Lease's platform is designed to simplify complex lease administration processes. Drawing from over three decades of industry expertise and best practices from major corporations and professionals, the software offers a comprehensive solution to meet the diverse needs of organizations.

Visual Lease Recent Developments

In 2022, Visual Lease implemented variable period calendars (4-4-5, 4-5-4, 5-4-4, 13-period, and daily calculations) to enhance support for lease accounting, controls, and reporting compliance under ASC 842 and IFRS 16 in retail and various sectors. Furthermore, Visual Lease introduced advanced Fund Accounting functionality tailored for users in the government sector in the same year. This update streamlines the tracking and recording of lease transactions on a modified accrual basis for fund accounting and a full accrual basis for government-wide reporting. To further improve user experience, Visual Lease unveiled an updated user interface on its robust and intuitive platform. Simultaneously, the company strategically established an AWS data center in Frankfurt, Germany, providing EU-based clients with stronger performance, access to newer services and features, and automatic compliance with residency and regulatory laws for their data.

In December 2020, Visual Lease launched its Integrations Hub, offering flexible, open platform access to third-party applications. The Visual Lease Integrations Hub enables users to automate the exchange of data across ERPs, Business Intelligence (BI) tools and other systems of record to streamline the delivery critical, time-sensitive business insights. The solution also empowers developers, providing open access to powerful, pre-built system connections and a dashboard to monitor integration performance in real time.

In October 2017, Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, has entered into a preferred vendor agreement with Visual Lease, a cloud-based technology that helps companies manage their lease portfolio in real time. Grant Thornton’s lease transformation services clients now have access to the Visual Lease platform. This enables organizations to import lease information directly from Grant Thornton’s cloud-based lease information repository, known as LeaseX, into Visual Lease’s cloud-based lease management and accounting software. Grant Thornton’s LeaseX offering is an ASC 842 readiness assessment tool that integrates with market-wide lease software.

Visual Lease Customers in ARTW Customer Database

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

Visual Lease Key Enterprise and Cloud Applications

Visual Lease’s Cloud-based Lease Accounting

Visual Lease Revenues, $M:

Visual Lease Revenue Breakdown By Type, $M:

Visual Lease Enterprise Applications Revenues By Functional Markets, $M:

Visual Lease Enterprise Applications Revenues By Verticals, $M:

Visual Lease Revenues By Region, $M

Visual Lease Direct vs Indirect sales

Visual Lease Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Visual Lease Customers

No. of Visual Lease Customers: 1500

No. of Visual Lease Enterprise Applications Customers: 1500

No. of Visual Lease Cloud Customers: 800

No. of Visual Lease Cloud Subscribers: x

Visual Lease boasts a clientele exceeding 1500 corporations, retailers, hospitals, and institutions, relying on its expertise to achieve and maintain lease accounting compliance. Notable clients include Weatherford International, Mount Sinai, LifeLabs, Affinity Health Plan, Montefiore, Cottage Health, American Rental, Spotify, PayPal, NYU, Planet Fitness, Arizona State University, Molson Coors, NRG, Red Bull, Hershey's, and numerous others.

Visual Lease Market Opportunities, M&A and Geo Expansions

Visual Lease disclosed robust 2022 results, revealing consistent double-digit annual recurring revenue and customer percentage growth for five consecutive years. With a global reach of over 1,500 companies, the organization continues to fortify compliance with FASB, IFRS, and GASB lease accounting standards, concurrently enhancing the financial and operational performance of leases. These achievements promise a bright future for the company.

Visual Lease Risks and Challenges

To sustain its upward trajectory in an evolving market, Visual Lease must consistently update its software, prioritize software security, and enhance customer support. The company's continual growth in customer base presents escalating challenges, necessitating proactive measures to meet the expanding demands and uphold its market position.

Visual Lease Ecosystem, Partners, Resellers and SI

Visual Lease strategically forges three core Alliance Partnerships, each offering distinct benefits. In collaboration with Accounting Firms, mutual client referrals are a cornerstone, with Visual Lease's solutions contributing significantly to audit preparedness. Managed Services partnerships involve reciprocal client referrals, aiding larger clients in identifying and implementing optimal solutions for effective lease accounting compliance. Brokerage Partnerships center around mutual client referrals, with Visual Lease's solutions tailored to meet the unique needs of companies with substantial commercial real estate portfolios, addressing the complexities of lease management and accounting in this dynamic landscape. These Alliance Partnerships underscore Visual Lease's commitment to fostering collaborative success and delivering tailored solutions across diverse sectors.

Visual Lease Cloud Infrastructure Insights

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• Visual Lease Public Cloud and Infrastructure (IaaS)
• Visual Lease Platform (PaaS)
• Visual Lease Application Delivery
• Visual Lease 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: