Top 10 Lease Accounting Software Vendors, Market Size and Market Forecast 2018-2023

Worldwide Lease Accounting Market to reach $3.45 billion by 2023, compared with $770 million in 2018 at a compound annual growth rate of 35%.

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In 2018, the top 10 Lease Accounting software vendors accounted for nearly 40% of the global Lease Accounting market which grew 26.2% to approach nearly $770 million.

Last year RealPage, was the market leader with 7.8% market share riding on a 20% jump in revenue. Odessa Technologies was #2 followed by Cassiopae, a Sopra Banking Software Brand, CoStar Group and Oracle.

We ask the simple question: Who’s buying Lease Accounting applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Exhibit 1 - 2018 Lease Accounting Applications Market Shares Split By Top 10 Lease Accounting Vendors and Others, %
Exhibit 1 – 2018 Lease Accounting Applications Market Shares Split By Top 10 Lease Accounting Vendors and Others, %
Exhibit 2: Worldwide Lease Accounting Software Market 2018-2023 Forecast, $M
Year 2018 2023 2018-2023 CAGR, %
Total 770 3450 35%

Source: Apps Run The World, December 2019

Lease Accounting Market Definition

Lease Accounting is an extension of ERP financial management applications, delivering enhanced visibility into an organization’s leased assets whether the party involved is a lessor(owner) or lessee(user). Recent changes to accounting rules such as IFRS 16 and ASC 842 are making lease accounting a strategic imperative for lessors to measure the financial implications of the amount and timing of cashflows stemming from leases. More importantly, lessees now require a better tool to track existing assets or contracts.
  • Automation of lease accounting process for proper reporting on corporate balance sheets
  • Lease lifecycle management from set-up to onboarding to termination for end-to-end lease administration
  • Contract management under a multi-level contract structure
  • Standardization of lease determination and classification
  • Measurement of Right-of-Use assets and lease liabilities
  • Lease management that facilitates lease modification, remeasurement, and asset causalities
  • Compliance and reporting capabilities that meet audit and disclosure requirements from financial accounting bodies such as IASB, FASB and IFRS as well as government agencies such as the Securities and Exchange Commission in the US.

Top 10 Lease Accounting Software Vendors

Here are the rankings of the top 10 Lease Accounting software vendors in 2018 and their market shares.

Rank Vendor 2017 Lease Accounting Apps Revenues, $M 2018 Lease Accounting Apps Revenues, $M YoY Growth 2018 Lease Accounting Market Share, % Recent Developments
1 RealPage Subscribe Subscribe 20,0% Subscribe In December 2019, RealPage closed its acquisition of Buildium, a real estate property management solution provider with approximately 2 million units under management in the SMB market segment.
2 Odessa Technologies Subscribe Subscribe 21,4% Subscribe Odessa launched the Odessa AppStudio, a low-end development platform that allows business users to expand LeaseWave and quickly build new custom business applications.
3 Cassiopae, a Sopra Banking Software Brand Subscribe Subscribe 25,0% Subscribe Banco BNP Paribas Brazil has selected its Cassiopae Financing Software to manage the bank guarantees business. They are accelerating its digital transformation and redesigning all of its services to create a seamless customer journey. The bank will use Cassiopae software to manage and automate processes for collateral, guarantees, and foreign exchange products. The software’s web services architecture will facilitate interfaces to existing and anticipated systems.
4 CoStar Group Subscribe Subscribe 29,2% Subscribe CoStar Group acquired Cozy Services Ltd., with plans to integrate its innovative renter screening and rent payments solutions into Apartments.com
5 Oracle Subscribe Subscribe 12,5% Subscribe In February 2019, Oracle announced an update to Oracle E-Business Suite that provides support for IFRS16 and ASC842 accounting standards changes for equipment lessees. The update to support these accounting standards changes for equipment lessees is delivered in consolidated patch sets to Oracle Property Manager. Oracle Financials users are granted Restricted Use of Oracle Property Manager for the purpose of accounting for equipment expense leases.
6 IBM Subscribe Subscribe 31,6% Subscribe More than one-third of the Fortune 100, and hundreds of other companies, have chosen IBM TRIRIGA.
7 LeaseAccelerator Subscribe Subscribe 200,0% Subscribe In July 2019, LeaseAccelerator acquired Guardian Global Systems, an Australian-based provider of Real Estate Administration SaaS to commercial and government organizations.
8 MRI Software Subscribe Subscribe 26,4% Subscribe In July 2019, MRI Software acquired ProLease, a provider of lease administration, lease accounting, lease analysis and workplace management applications.
9 PayLease Subscribe Subscribe 25,0% Subscribe In 2019, PayLease released a new business intelligence and reporting platform, called Portfolio Insights Dashboard. The Portfolio Insights Dashboard highlights critical operational metrics and provides detailed charts and reports, giving property owners and managers a thorough understanding of utility expense and recovery performance trends across their portfolio.
10 Nakisa Inc. Subscribe Subscribe 41% Subscribe With the launch of Nakisa Lease Administration 5.0, Nakisa is introducing a new Financial Analysis Reporting Module
Subtotal Subscribe Subscribe 28,1% Subscribe
Other Subscribe Subscribe 25.0% Subscribe
Total Subscribe Subscribe 26,2% Subscribe

Source: Apps Run The World, December 2019

Other Lease Accounting software providers included in the report are: Accruent, AdviseSoft, AerData B.V., Alfa Financial Software Holdings plc, AMTDirect, AMT-SYBEX’s Leasepoint, Anaplan, AppFolio, Aptitude Software, ARCHIBUS, ARGUS Software Solutions, Asseco, Banqsoft AS, Better Programs, Inc., Bloomberg, BOARD, Brokermint, Budgetrac, Buildium, Bynx, CCH Tagetik, Codix LLC, Constellation Financing Systems Corp, Crowe LLP, Deloitte, Dominion Leasing Software, Domum Link, Drive Software Solutions LTD, Entrata, Finance Active, Financial Computer Systems, Inc., Fischer Solutions Inc., FM Systems, GBsoftware SpA, Guardian Global Systems, Hemlane, Homnet Leasing, House of Control, iLease Management LLC, Infor, InfoSite, Innervision, International Decision Systems (IDS), iOFFICE, Inc., JLL, KPMG, Kyriba, Lease Harbor, LeaseCalcs, Inc., LeaseCrunch, LeaseMate, Leasepath, LeaseQuery, Leasing Information Systems, Legerity, Linedata Services S.A., Liscor, a Lutech Group Company, LTi Technology Solutions, Nemetschek Spacewell (ex MCS Solutions, ex Axxerion), Netgain Solutions, NetSol Technologies Inc., Nomos One, NTrust Infotech, OneStream Software, P2 Energy Solutions, PayProp, PlanData Systems Corp, Planon, PowerPlan, a Roper Technologies Company, Progenesis, ProLease Software, Property Matrix, Property Vista Software Inc., Property Works, Q2 Cloud Lending Solutions, Quadrent, Qualitech, RealNex, LLC, Re-Leased Software Company Ltd, RemoteLandlord, Rent Manager by London Computer Systems, ResMan Property Management Software, Ryznware Enterprise Systems, Sage, SAP, SEAC SPA, Sofico NV, Soft4, SS&C Technologies, Synetek Systems, Tango Analytics, TenantCloud, Tieto (Ex EMRIC AB), TMA Systems, To-Increase, TotalSoft, Trimble Inc., UNIT4, Visual Lease, VTS (ex Hightower), White Clarke Group, Yardi, Workday, ZenTreasury, and others.

Lease Accounting Market Forecast Assumptions

Drivers and Inhibitors of 2023 Lease Accounting Applications Market Projections

  • Adoptions of Lease Accounting applications by publicly-traded companies in 2019 are expected to surpass those of privately-held organizations because of the former’s deadline pressures to apply the leasing standard for annual reporting beginning after December 2018, while the latter will begin after December 2019.
  • Recent surveys place only 43% of public companies are implementing a Lease Accounting tool, suggesting the majority of those affected the most are still searching for the right solution. Capturing these accounts would require Lease Accounting applications vendors to deliver more templates for quick and easy data migration while investing heavily in professional services to handle the exceptions.
  • The need to meet the new lease standard reporting could result in a mix of chaos and stop-gap measures, similar to recent compliance requirements like GDPR for safeguarding European privacy rights. Thusly Lease Accounting applications vendors will need to boost brand awareness and ecosystem building in order to be shortlisted by prospects.
  • Our forecast assumptions call for a rapid pickup in demand for Lease Accounting applications by 2021 because of deadline pressures with sales beginning to level off through the forecast period.
  • With a global installed base of more than 750 million Excel users including many in the accounting profession, meeting the new Lease Accounting reporting standard by using Excel – at least as a stop-gap measure – will be common. However, most companies will ultimately choose to adopt a more robust tool because of fears of noncompliance, limitations of Excel in a collaborative environment, and the increased popularity of Cloud services for financial reporting that have rendered the use of Excel obsolete.
  • Our forecast assumptions estimate that the TAM for Lease Accounting applications could top 20,000 companies through the forecast period, while fewer than 200 companies would actually use Excel as a reporting substitute. That is based on growth trajectory of similar Cloud services for Customer Service and Support(popularized by Zendesk), Treasury and Risk Management(Kyriba and ION’s Reval) as well as IT Service Management(ServiceNow), all of which have been able to secure thousands of customers in a short amount of time because of their ease of use and ability to demonstrate superior value and efficiency gains over Excel-based solutions.
  • Conversely, Excel-based reporting tools such as Excel4Apps(now a part of Insight Software) that are designed to prolong the use of Excel for ERP reporting remain a niche market with a little over 1,000 customers and 155,000 users even after more than a decade of extending the lifespan of a productivity tool that may end up costing users more time and resources because of its inherent limitations.

Inhibitors

  • Impact of recent mergers and acquisitions in Lease Accounting and Real Estate Management applications markets could disrupt near-term investments as customers reevaluate the competitive landscape because of potential lock-in by acquisitive vendors like Fortive (Accruent, Gordian), Oracle (Aconex, Skire and Textura), Roper (Powerplan), Sopra Banking (Cassiopae), VTS (Hightower), and Wolters Kluwer (Tagetik).
  • Pricing pressures will intensify as suite vendors like RealPage, Oracle, SAP, Yardi, etc. gun for increased market share at the expense of margin.
  • Lease Accounting applications are typically priced between $100 and $1,000 per user per month. A major account with three to five users with hundreds of units on leases can pay anywhere between $30,000 and $100,000+ for use of Lease Accounting applications. Prices could tumble as vendors race to discount heavily to lure procrastinators and fence-sitters.
  • Making Lease Accounting applications easy to use is critical for a new generation of users. More important is the need to make such implementations easy to run in order to help build business case for finance professionals by convincing them to prioritize Lease Accounting as the key to cost reduction and process improvement.
  • The same priority applies to extend Lease Accounting to adjacent and suite products for facility and property management, a key purchase criterion that could put some best-of-breed players at a disadvantage.

Custom data cuts related to the Lease Accounting market are available:

  • Top 100 Lease Accounting Vendors and Market Forecast 2018-2023
  • 2018 Lease Accounting Market By Industry (21 Verticals)
  • 2018 Lease Accounting Market By Country (USA + 45 countries)
  • 2018 Lease Accounting By Region (Americas, EMEA, APAC)
  • 2018 Lease Accounting Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2018 Lease Accounting Market By Customer Size (revenue, employee count, asset)
  • 2018 Lease Accounting Market By Channel (Direct vs Direct)
  • 2018 Lease Accounting Market By Product

Lease Accounting Vendor Overview

RealPage

RealPage, Inc. provides products and services to the multifamily real estate industries. The company offers applicant screening, accounting, budgeting, property management, and compliance reporting solutions. RealPage also develops and delivers proprietary web-based applications that enhance client information management capabilities.
RealPage currently serves more than 12,400 clients worldwide from offices in North America, Europe and Asia.

Odessa Technologies

Odessa offers software designed for the leasing industry by providing the LeaseWave system and Odessa platform to power a diverse customer base of leasing companies globally. LeaseWave is a powerful, end-to-end, extensible solution for lease and loan origination and portfolio management. The platform further delivers rich feature sets including low-code development, test automation, reporting and business intelligence to ensure organizations can more effectively align business and IT objectives.

Cassiopae, a Sopra Banking Software Brand

Cassiopae, a Sopra Banking Software product, specializes in global finance and asset management software. Highly-configurable, Cassiopae supports leases, commercial loans, business loans, construction loans, equipment finance, vehicle finance, vendor finance, and real estate and fleet management. Cassiopae software is helping manage a wide range of basic to complex, performing and non-performing loans, leases, and assets at over 500 client sites in 40 countries.

CoStar Group

CoStar Group provides information, analytics and marketing services to the commercial real estate industry. Its integrated suite of online service offerings include information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client’s websites, information about industry professionals and their business relationships, data integration and industry news. It operates through the geographical segments of the United States and International. Its subscription-based services consist primarily of CoStarSuite and Focus services.

Oracle

OLFM stands for Oracle Lease and Finance Management. It also has been known as OKL (Oracle for Lease) and OLM (Oracle Lease Management) earlier. This product was developed as a software solution for Equipment Leasing Industry.

OLFM is fully integrated into Oracle E-Business Suite, one of its major ERP brands. It was developed on the technical foundation of Oracle Core Contracts, along with other products like Service Contracts, Royalty Contracts, Sale Contracts, etc.

First release of OLFM was done sometime in 2001 with 11.5.8. The latest release is R12.2.x and has the same technology stack (OA Framework) as other products of Oracle.

IBM

IBM TRIRIGA is an integrated workplace management solution (IWMS) that includes modules designed to accommodate the needs of operational, financial and environmental performance.

Key features include environment and energy management, capital project management, lease accounting and facility management. IBM TRIRIGA provides users with a lease manager that provides information to users about the present and previous asset value, amortization summary and upcoming lease updates and changes.

It also provides financial information of real-estate contracts in order to get a summary of lease expenses that are pertaining to a particular portfolio.

LeaseAccelerator

LeaseAccelerator offers software-as-a-service (SaaS) for Enterprise Lease Accounting, proven to be the simplest, fastest and easiest path to compliance with the new FASB and IFRS standards. Using LeaseAccelerator’s unique Global Lease Accounting Engine, customers can apply the new standards to all types of leases – real estate, equipment and embedded – at the asset level as specified by FASB and IASB. The company’s ecosystem of certified, global partners offers a variety of guaranteed turn-key solutions. On average, the firm’s Sourcing and Management applications drive savings of 17 percent with smarter procurement and end-of-term management – compliance plus ROI.

MRI Software

MRI Software LLC provides business management software solutions, offering real estate enterprise software applications and hosted solutions for investment analysis, budgeting and forecasting, portfolio modeling, fund and lease accounting, and commercial management. MRI Software serves multi-family and commercial property industries worldwide.

PayLease

PayLease provides online payment, billing, and utility expense management tools to property management companies, HOAs, and residents. PayLease provides tenants with convenient online payment options that are easy to use and are bolstered by the highest levels of security and customer support. PayLease simplifies property manager workflows through seamless integrations, increases net operating income, and enhances resident relationships. The vendor has over 4,500 clients, supporting in excess of 12 million residents.

Nakisa Inc.

In July 2019, Nakisa released Nakisa Lease Administration, which helps global organizations comply with new lease accounting standards by automating, centralizing and simplifying lease accounting operations. The latest release offers key additions to the accounting and administration functionality, a brand-new reporting engine, a new API platform and suite of APIs, and enhancements to Nakisa’s cloud technology.

Nakisa, who already have offices in Canada, Germany, Singapore and Pakistan has seen rapid growth for its solutions in lease accounting and organizational transformation in the United States and Latin America in recent years.

In June 2019, Nakisa Lease Administration has achieved ‘Integrated with Oracle Cloud’ status and is now available in the Oracle Cloud Marketplace offering added value to Oracle Financials Cloud customers.

Lease Accounting Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Lease Accounting based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers has been studying the patterns of the latest Lease Accounting purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive Lease Accounting win/loss analysis. Each quarter our research team identifies tens of thousands of these Lease Accounting customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Lease Accounting Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

List of Lease Accounting Customers

Customer Industry Empl. Revenue Country Vendor New Product
Aeropostale Retail 21000 $1.80B United States Accruent Accruent Lucernex
Allegheny Health Network Non Profit 20000 $3.30B United States Accruent Accruent Lucernex
Brooks Brothers Retail 3500 $1.00B United States Accruent Accruent Lucernex
Brunswick Corporation Manufacturing 16038 $5.16B United States Accruent Accruent Lucernex
Chico’s FAS, Inc Retail 5700 $2.19B United States Accruent Accruent Lucernex
Family Dollar Retail 60000 $10.49B United States Accruent Accruent Lucernex
AT&T Inc. Communications 258000 $170.76B United States AMTdirect AMTDirect Lease Accounting
Aurora Health Care Healthcare 33300 $6.00B United States AMTdirect AMTDirect Lease Accounting
Barnes & Noble, Inc. Retail 24000 $3.55B United States AMTdirect AMTDirect Lease Accounting
BB&T Corporation Banking and Financial Services 34723 $11.45B United States AMTdirect AMTDirect Lease Accounting
Belk Retail 25300 $3.50B United States AMTdirect AMTDirect Lease Accounting
Bennett Management Company Retail 110 $12.0M United States AppFolio AppFolio Property Manager
Cadman Group Construction and Real Estate 21 $3.0M United States AppFolio AppFolio Property Manager
Century 21 Sweyer & Associates, Inc. Construction and Real Estate 300 $30.0M United States AppFolio AppFolio Property Manager
Renters Warehouse Construction and Real Estate 350 $45.0M United States AppFolio AppFolio Property Manager
Real Estate LLC Construction and Real Estate 20 $2.0M United States Buildium Buildium eLease
Parkwalk Management Professional Services 15 $2.0M United States Buildium Buildium eLease
Port City Realty Construction and Real Estate 50 $5.0M United States Buildium Buildium eLease
Urban Nest Realty Construction and Real Estate 40 $4.0M United States Buildium Buildium eLease
Zakhem & Co LLC Construction and Real Estate 50 $5.0M United States Buildium Buildium eLease
CBRE Group, Inc. Construction and Real Estate 90000 $21.34B United States Cassiopae, a Sopra Banking Software Brand Cassiopae Lending and Leasing
Invesco Banking and Financial Services 7459 $5.31B United States Cassiopae, a Sopra Banking Software Brand Cassiopae Lending and Leasing
Mercedes-Benz Financial Services USA LLC Banking and Financial Services 1500 $500.0M United States Cassiopae, a Sopra Banking Software Brand Cassiopae Lending and Leasing
NRUCFC (National Rural Utilities Cooperative Financial Corporation) Retail 1000 $240.0M United States Cassiopae, a Sopra Banking Software Brand Cassiopae Lending and Leasing
Terex Corporation Manufacturing 11700 $5.13B United States Cassiopae, a Sopra Banking Software Brand Cassiopae Lending and Leasing
Abercrombie & Fitch Co Retail 7000 $3.50B United States CoStar CoStar Real Estate Manager
American Airlines Group Inc. Transportation 133800 $44.54B United States CoStar CoStar Real Estate Manager
Arby’s Consumer Packaged Goods 75000 $1.50B United States CoStar CoStar Real Estate Manager
Carters Inc Consumer Packaged Goods 20900 $3.40B United States CoStar CoStar Real Estate Manager
CBRE Group, Inc. Construction and Real Estate 90000 $21.34B United States CoStar CoStar Real Estate Manager
Cushman & Wakefield – Formerly DTZ Construction and Real Estate 48000 $6.92B United States CoStar CoStar Real Estate Manager
Asset Campus Housing Construction and Real Estate 1200 $310.0M United States Entrata Entrata Leasing Suite
Lincoln Property Company Construction and Real Estate 7300 $900.0M United States Entrata Entrata Leasing Suite
Pinnacle Campus Living Construction and Real Estate 4300 $500.0M United States Entrata Entrata Accounting
Guaranteed Rate Banking and Financial Services 3495 $753.0M United States Lease Harbor Harbor Apex
North Star Leasing Company Banking and Financial Services 50 $4.0M United States International Decision Systems (IDS) IDScloud
Bank of the West Banking and Financial Services 10500 $2.60B United States International Decision Systems (IDS) InfoLease
Canon Financial Services Banking and Financial Services 300 $30.0M United States International Decision Systems (IDS) InfoLease
CIT Bank Banking and Financial Services 1700 $1.12B United States International Decision Systems (IDS) InfoLease
Citizens Financial Group, Inc. Banking and Financial Services 18116 $5.68B United States International Decision Systems (IDS) InfoLease
Dell Technologies Inc. Professional Services 157000 $90.62B United States International Decision Systems (IDS) InfoLease
1st Lake Properties Construction and Real Estate 350 $90.0M United States Infor Infor Property Management
CA Ventures Construction and Real Estate 500 $110.0M United States Infor Infor Property Management
CLK Multifamily Management Construction and Real Estate 500 $90.0M United States Infor Infor Property Management
Education Realty Trust, Inc Construction and Real Estate 1265 $314.0M United States Infor Infor Property Management
Pinnacle Property Management Construction and Real Estate 2000 $700.0M United States Infor Infor Property Management
Woodward, Inc Manufacturing 8300 $2.30B United States Infor Infor Property Management
Akumin Inc. Healthcare 1000 $100.0M United States Innervision Management Limited Innervision’s Lease Accounting Software, LOIS
Domino’s Pizza, Inc. Consumer Packaged Goods 14200 $2.80B United States Innervision Management Limited Innervision’s Lease Accounting Software, LOIS
GE Aviation Aerospace and Defense 40000 $27.40B United States Innervision Management Limited Innervision’s Lease Accounting Software, LOIS
Sungard Availability Services Professional Services 3000 $1.40B United States Innervision Management Limited Innervision’s Lease Accounting Software, LOIS
XPO Logistics, Inc. Transportation 100000 $17.28B United States Innervision Management Limited Innervision’s Lease Accounting Software, LOIS
Armstrong Group of Companies Communications 2300 $780.0M United States Oracle JD Edwards EnterpriseOne Lease Management
Brookfield Properties Construction and Real Estate 16000 $6.10B United States Oracle JD Edwards EnterpriseOne Lease Management
EDENS Construction and Real Estate 400 $50.0M United States Oracle JD Edwards EnterpriseOne Lease Management
Related Companies Construction and Real Estate 3000 $5.00B United States Oracle JD Edwards EnterpriseOne Lease Management
Equity Office Properties Construction and Real Estate 200 $30.0M United States Oracle JD Edwards EnterpriseOne Real Estate Management
Pennsylvania Real Estate Investment Trust Construction and Real Estate 400 $365.0M United States Oracle JD Edwards EnterpriseOne Real Estate Management
CIGNA Corporation Insurance 73800 $48.57B United States KPMG KMPG Leasing Tool
Comcast Cable Communications 184000 $94.51B United States KPMG KMPG Leasing Tool
Gap Inc Retail 150000 $15.86B United States KPMG KMPG Leasing Tool
HCA Healthcare, Inc. Healthcare 196000 $46.67B United States KPMG KMPG Leasing Tool
Johnson & Johnson Life Sciences 135100 $81.58B United States KPMG KMPG Leasing Tool
Microsoft Corporation Professional Services 144000 $125.84B United States KPMG KMPG Leasing Tool
Cummins Inc. Automotive 62600 $23.77B United States LeaseAccelerator LeaseAccelerator
Eaton Manufacturing 99000 $21.60B Ireland LeaseAccelerator LeaseAccelerator
Genesee & Wyoming Transportation 8000 $2.35B United States LeaseAccelerator LeaseAccelerator
NetApp, Inc. Professional Services 10500 $6.15B United States LeaseAccelerator LeaseAccelerator
Tyson Foods, Inc. Consumer Packaged Goods 121000 $40.05B United States LeaseAccelerator LeaseAccelerator
Barry-Wehmiller Manufacturing 12000 $3.60B United States LeaseCalcs LeaseCalcs
Colliers International Construction and Real Estate 13927 $2.44B United States LeaseCalcs LeaseCalcs
Bell Bank Banking and Financial Services 1200 $280.0M United States LTi Technology Solutions LTi’s ASPIRE platform
East West Equipment Finance Banking and Financial Services 3150 $1.53B United States LTi Technology Solutions LTi’s ASPIRE platform
Key Equipment Finance Banking and Financial Services 17664 $6.18B United States LTi Technology Solutions LTi’s ASPIRE platform
Cisco Systems, Inc. Professional Services 75900 $49.33B United States NetSol Technologies NetSol LeasePak Cloud
City National Bank Banking and Financial Services 4500 $5.00B United States NetSol Technologies NetSol LeasePak Cloud
Hyundai Capital America Banking and Financial Services 7000 $150.0M United States NetSol Technologies NetSol LeasePak Cloud
Bancorp Bank Banking and Financial Services 600 $280.0M United States Odessa Technologies Odessa LeaseWave
BankUnited Banking and Financial Services 1763 $1.40B United States Odessa Technologies Odessa LeaseWave
BB&T Corporation Banking and Financial Services 34723 $11.45B United States Odessa Technologies Odessa LeaseWave
Compeer Financial Banking and Financial Services 1250 $550.0M United States Odessa Technologies Odessa LeaseWave
First Financial Bank Banking and Financial Services 2080 $550.0M United States Odessa Technologies Odessa LeaseWave
GE Healthcare Healthcare 50000 $19.80B United States Odessa Technologies Odessa LeaseWave
Johnson & Johnson Life Sciences 135100 $81.58B United States Odessa Technologies Odessa LeaseWave
Bank of America Corporation Banking and Financial Services 208561 $91.25B United States Oracle Oracle Lease and Finance Management
Communications Test Design, Inc Communications 14000 $3.00B United States Oracle Oracle Lease and Finance Management
Genpact Professional Services 87000 $3.00B United States Oracle Oracle Lease and Finance Management
LPL Financial Holdings Inc. Banking and Financial Services 4323 $1.82B United States Oracle Oracle Lease and Finance Management
Pitney Bowes Professional Services 13300 $3.52B United States Oracle Oracle Lease and Finance Management
Ricoh America Professional Services 30000 $5.00B United States Oracle Oracle Lease and Finance Management
Ascension Technologies Healthcare 2400 $1.80B United States Oracle Oracle PeopleSoft Lease Administration
Cineplex Leisure and Hospitality 13000 $1.61B United States Oracle Oracle PeopleSoft Lease Administration
HMSHost Retail 58000 $4.60B United States Oracle Oracle PeopleSoft Lease Administration
Kaiser Permanente Healthcare 208975 $72.70B United States Oracle Oracle PeopleSoft Lease Administration
3M Company Manufacturing 93000 $32.77B United States ProLease Software ProLease Lease Accounting Software
Alcoa Corporation Manufacturing 14000 $13.40B United States ProLease Software ProLease Lease Accounting Software
Autodesk, Inc. Professional Services 8800 $2.06B United States ProLease Software ProLease Lease Accounting Software
BankUnited Banking and Financial Services 1763 $1.40B United States ProLease Software ProLease Lease Accounting Software
Continental Properties Company, Inc Construction and Real Estate 310 $50.0M United States RealPage RealPage Lead2Lease
Cortland Construction and Real Estate 1800 $600.0M United States RealPage RealPage Lead2Lease
CRES Management, LLC Construction and Real Estate 190 $25.0M United States RealPage RealPage Lead2Lease
Greystar Construction and Real Estate 14000 $3.10B United States RealPage RealPage Lead2Lease
Holland Partner Group Construction and Real Estate 600 $100.0M United States RealPage RealPage Lead2Lease
CORSAIR Professional Services 1100 $520.0M United States Wolters Kluwer Wolters Kluwer CCH Tagetik for Lease Accounting
Bank of America Corporation Banking and Financial Services 208561 $91.25B United States Trimble Trimble Manhattan
Fanatics inc Retail 1800 $220.0M United States Trimble Trimble Manhattan
Harbor Freight Tools USA, Inc. Retail 17000 $5.00B United States Trimble Trimble Manhattan
Liberty Mutual Holding Company Inc. Insurance 50000 $45.20B United States Trimble Trimble Manhattan
NetApp, Inc. Professional Services 10500 $6.15B United States Trimble Trimble Manhattan
Radial, Inc. Professional Services 7000 $1.00B United States Trimble Trimble Manhattan
21st Century Fox Media 22400 $31.00B United States Visual Lease Visual Lease’s Cloud-based Lease Accounting
Aarp Foundation Non Profit 2800 $1.64B United States Visual Lease Visual Lease’s Cloud-based Lease Accounting
Avis Budget Group, Inc. Professional Services 30000 $9.12B United States Visual Lease Visual Lease’s Cloud-based Lease Accounting
Cabo Flats Retail 1150 $260.0M United States Visual Lease Visual Lease’s Cloud-based Lease Accounting
Cemex Construction and Real Estate 8000 $1.00B United States Visual Lease Visual Lease’s Cloud-based Lease Accounting
Advanced Micro Devices, Inc. Manufacturing 10100 $6.48B United States Nakisa Nakisa Lease Administration
Alaska Communications Communications 600 $300.0M United States Nakisa Nakisa Lease Administration
Americold Transportation 3400 $752.0M United States Nakisa Nakisa Lease Administration
Amkor Technology, Inc. Manufacturing 30850 $4.32B United States Nakisa Nakisa Lease Administration
Anheuser-Busch Consumer Packaged Goods 18000 $14.00B United States Nakisa Nakisa Lease Administration
Bridgestone Americas, Inc. Automotive 55000 $15.84B United States Nakisa Nakisa Lease Administration
Continental Resources Oil, Gas and Chemicals 1127 $2.98B United States Nakisa Nakisa Lease Administration
Evertec Professional Services 2150 $450.0M United States Nakisa Nakisa Lease Administration
First Solar Utilities 4100 $2.94B United States Nakisa Nakisa Lease Administration
Flowserve Corporation Manufacturing 17500 $3.83B United States Nakisa Nakisa Lease Administration
Freeport-McMoRan Inc. Oil, Gas and Chemicals 26800 $18.63B United States Nakisa Nakisa Lease Administration
Halliburton Company Oil, Gas and Chemicals 60000 $24.00B United States Nakisa Nakisa Lease Administration
Hexion Inc Oil, Gas and Chemicals 4300 $3.80B United States Nakisa Nakisa Lease Administration
Inter Pipeline Oil, Gas and Chemicals 1200 $2.60B United States Nakisa Nakisa Lease Administration
Mettler Toledo Manufacturing 14200 $3.00B United States Nakisa Nakisa Lease Administration
Nu Skin Enterprises Consumer Packaged Goods 5200 $300.0M United States Nakisa Nakisa Lease Administration
Terumo Manufacturing 1100 $200.0M United States Nakisa Nakisa Lease Administration
Toyota Automotive 46000 $85.00B United States Nakisa Nakisa Lease Administration
Univar USA Inc. Life Sciences 9000 $8.30B United States Nakisa Nakisa Lease Administration
West Pharma Life Sciences 7500 $1.75B United States Nakisa Nakisa Lease Administration
Zoetis Life Sciences 9200 $5.31B United States Nakisa Nakisa Lease Administration

Source: Apps Run The World, December 2019

Further Readings

An expanded version of this report covers the top 50+ Lease Accounting software vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.

We also offer win-loss analysis of the quarterly wins of these top 10 Lease Accounting software vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2018 product revenues.

Their 2018 results are being broken down, sorted and ranked across 16 functional areas (from Analytics and BI to Treasury and Risk Management) and by 21 vertical industries (from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conducts an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market.

We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.