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 January 2020, LeaseQuery unveils 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: 150
Functional Markets: ERP Financial Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
LeaseQuery Key Enterprise and Cloud Applications
LeaseQuery 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.
LeaseQuery Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
LeaseQuery Enterprise Applications Revenues By Functional Markets, $M:
LeaseQuery Enterprise Applications Revenues By Verticals, $M:
LeaseQuery Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 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: 1000
No. of LeaseQuery Enterprise Applications Customers: 1000
No. of LeaseQuery Cloud Customers: 1000
No. of LeaseQuery Cloud Subscribers: x
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
In November 2019, Goldman Sachs’ Merchant Banking Division has invested $40 million in LeaseQuery through Series A funding.
LeaseQuery Risks and Challenges
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
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 is increasing its investment in the Atlanta area by moving to another location in the Perimeter area in Q1 of 2018 to support its growth with space for over 100 people. To further support their current clients and prepare for new ones on the horizon, the LeaseQuery team has more than doubled in size with multiple new hires coming from the Big 4 Accounting Firms.
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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