LeaseQuery Strengths, Domain Expertise, and Key Differentiators
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software and implementation process. By providing specialized consulting services in addition to its software solution, LeaseQuery enables companies across all sectors to ensure compliance with the most comprehensive regulatory reform in 40 years. It is the first lease accounting software built by accountants for accountants.
LeaseQuery Recent Developments
In February 2021, LeaseQuery launched its LeaseManager solution. LeaseManager, is able to house an unlimited number of leases free-of-charge, is a self-service lease management solution for tenants and lessees. As companies and organizations across every sector reconsider their leasing needs given the global pandemic, this new solution from LeaseQuery can help optimize the lease portfolio.
In January 2020, LeaseQuery revealed LeaseGuru, a cloud-based lease accounting solution for small business. This highly anticipated platform has been thoroughly vetted by LeaseQuery’s trained accountants for accuracy and compliance. Powered by the robust features of the LeaseQuery solution, LeaseGuru enables businesses with smaller lease portfolios to accurately and cost-effectively run disclosure reports for ASC 842 and IFRS 16 and make changes to leases at any stage.
LeaseQuery Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LeaseQuery 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 LeaseQuery 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 LeaseQuery customers.
Ownership: - x
Number of Employees: 300
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K154, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
LeaseQuery Key Enterprise and Cloud Applications
LeaseQuery Revenues, $M:
|Type/Year||2020||2021||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.
LeaseQuery Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
LeaseQuery Enterprise Applications Revenues By Functional Markets, $M:
LeaseQuery Enterprise Applications Revenues By Verticals, $M:
LeaseQuery Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
LeaseQuery Direct vs Indirect sales
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LeaseQuery Customers - Breakdown by Geo, Size, Vertical and Product
No. of LeaseQuery Customers: 2000
No. of LeaseQuery Enterprise Applications Customers: 2000
No. of LeaseQuery Cloud Customers: 2000
No. of LeaseQuery Cloud Subscribers: x
By 2021, LeaseQuery's client base grow steadily to 2000 customers and with over 10000 users.
LeaseQuery's client base has grown from 500 companies at the end of 2018 to nearly 1,000 in 2020. Among its customers are: Floor & Decor, Burns & McDonnell, PT Solutions, Tupelo Honey Hospitality Corporation, Scotland Wright, Community Bank N.A., Goosehead Insurance, BlueLinx, Johnson Outdoors, Rouff Home Mortgage, Cologix, RaceTrac and others.
LeaseQuery Market Opportunities, M&A and Geo Expansions
LeaseQuery’s partnership program has seen major growth throughout the first half of 2021. Offering certified service partnerships, reseller partnerships, managed service partnerships and technology alliances, LeaseQuery partners have seen a 222% increase in closed won deals from January through July. As the business’ partnership program continues its rapid growth, LeaseQuery partners can look forward to a new, self-service training program.
In November 2019, Goldman Sachs’ Merchant Banking Division has invested $40 million in LeaseQuery through Series A funding.
LeaseQuery Risks and Challenges
In 2021, LeaseQuery has made significant changes in its leadership, adding three new executive hires. Namely, Jim FitzGibbons, Andrew Larson, and Haley Wood—named CFO, CTO, and Vice President of People and Culture, respectively. Although they bring more than 60 combined years of accounting and technology experience to LeaseQuery, the changes in the top leadership positions are always risky and may lead to a change in the strategy and the course set by the previous management.
Evaluating lease accounting software is new territory for LeaseQuery prospects. There are several vendors on the market to choose from and there is no room for error. Receiving an unqualified SOC report from a reputable Big Four firm enables LeaseQuery to provide them with an assurance that their software performs as promised.
LeaseQuery Ecosystem, Partners, Resellers and SI
LeaseQuery are technology partners with Sage, Microsoft, Infor, Fiserv, and Acumatica. They are also in partnership with RSM International, LSL CPAs, RGP, Armanino, Eide Bailluy, MGO - Realty Advisors, Riveron, Connor Group, P&N, Aprio, CFGI, DHG, LBMC, bakertillu, FP fidato partners, Arazzo Solutions, Bennett Thrasher, Leasology.
In March 2020, LeaseQuery extended its partnership with AXIA Partners, a multinational, business consulting firm, to help strengthen the firm’s ability to address its clients’ unique lease accounting demands. Through its partnership with LeaseQuery, AXIA will continue to receive in-depth training on the lease accounting solution in order to broaden its knowledge of LeaseQuery’s functionalities and capability to ease the compliance transition for businesses. LeaseQuery’s partnership with AXIA allows AXIA to provide a lease accounting solution that, when paired with AXIA’s compliance consultation services, offers an end-to-end lease accounting package.
In 2018, across each department, LeaseQuery has added 93 new employees to meet the burgeoning demands of the market. In 2017, LeaseQuery outgrew not only one, but TWO new offices.
LeaseQuery Cloud Infrastructure Insights
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- LeaseQuery Public Cloud and Infrastructure (IaaS)
- LeaseQuery Platform (PaaS)
- LeaseQuery Application Delivery
- LeaseQuery 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).
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