LeaseCrunch Strengths, Domain Expertise, and Key Differentiators
LeaseCrunch’s Software-as-a-Solution technology has a singular mission: help CPA firms simplify the rollout of the new lease accounting standards effective in 2019 and 2020. FASB ASC 842 and IFRS 16 will affect most leases, including office space and copiers, and these standards are not simple. In fact, spreadsheets will be an inadequate solution due to the required accounting policy designations prior to implementation, complicated calculations, and complex footnote disclosures. CPA firms need a solution that will work for all clients, down to those with a single lease.
LeaseCrunch is designed to be easy, fast, and make audits more efficient, with the flexibility of allowing leasing information to be entered and maintained by either the CPA firm or the client. LeaseCrunch is also available to CPA firms as a white-labeled solution. The LeaseCrunch Content Library provides CPA firms with supporting collateral to help inform and educate their clients as well as train internal staff. Everything is professionally written, fully customizable, and can be branded with your firm's logo to meet any client need. "By standardizing your client base with a single solution, your firm can gain substantial operational efficiencies with a measurable impact on your bottom line. LeaseCrunch: Built by auditors for auditors."
LeaseCrunch Recent Developments
In September 2018, Cherry Bekaert has selected LeaseCrunch as the software platform they will use to offer assistance to clients transitioning to the new lease accounting standard. "We spent quite a bit of time looking into our options in helping our clients implement the new lease accounting requirements," said Collin Hill, Managing Partner of Assurance at Cherry Bekaert. "We are excited about LeaseCrunch's applicability to all lease types, including equipment and real estate, and its user-friendly dashboard. "We are excited to work with Cherry Bekaert, one of the largest and most respected firms in the country," said Ane Ohm, LeaseCrunch CEO.
LeaseCrunch is the only lease accounting software made by former CPA firm auditors for CPA firm auditors – the LeaseCrunch development team is made up of CPAs, former Big 4 public accounting auditors, accounting academics, and a former FASB staff member.
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.
Ownership: - x
Number of Employees: 10
Functional Markets: ERP Financial Management,
Key Verticals: Professional Services,
LeaseCrunch Key Enterprise and Cloud Applications
LeaseCrunch Revenues, $M:
|Type/Year||2018||2019||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:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
LeaseCrunch Enterprise Applications Revenues By Functional Markets, $M:
LeaseCrunch Enterprise Applications Revenues By Verticals, $M:
LeaseCrunch Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
LeaseCrunch Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
LeaseCrunch Customers - Breakdown by Geo, Size, Vertical and Product
No. of LeaseCrunch Customers: 50
No. of LeaseCrunch Enterprise Applications Customers: x
No. of LeaseCrunch Cloud Customers: x
No. of LeaseCrunch Cloud Subscribers: x
A group of former CPA firm auditors has teamed up to develop LeaseCrunch, lease accounting software that they’re selling through CPA firms to help clients deal with the new FASB standard.
LeaseCrunch Market Opportunities, M&A and Geo Expansions
In January 2019, LeaseCrunch has successfully completed a System and Organization Controls (SOC) 2Type I Audit examination by international business advisory firm Skoda Minotti. SOC 2 engagements are performed in accordance with the American Institute of Certified Public Accountants’ (AICPA) AT-C 205, Reporting on Controls at a Service Organization and based on the trust service principles outlined in the AICPA Guide, Reporting on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy. The SOC 2 Type I report is performed by an independent auditing firm and is intended to provide an understanding of the service organization’s suitability of the design of its internal controls, and its ongoing commitment to create and maintain a secure operating environment for their clients’ confidential data.
LeaseCrunch Risks and Challenges
LeaseCrunch is not a solution sold directly to an end user. 100% of CFOs interviewed said they would be engaging with their CPA firm for assistance in implementing the standard. Since the CPA firm will assist with implementation and ultimately audit the final records, the CPA firm’s familiarity with the software and it’s reporting will create efficiencies that will be shared by both the firm and the client.
LeaseCrunch Ecosystem, Partners, Resellers and SI
In 2019, LeaseCrunch partnered with Moore Stephens North America. “In addition to delivering an expanded distribution channel for LeaseCrunch software to over 40 firms with more than 150 offices and nearly 7,000 professionals, the program offers LeaseCrunch the ability to partner with Moore Stephens North America member firms by providing products that are integrated into their member client solutions,” said Joel Hess, Principal, at LeaseCrunch.
A group of former CPA firm auditors has teamed up to develop LeaseCrunch.
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
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:https://www.appsruntheworld.com/About Us
Copyright © 2021, APPS RUN THE WORLD