LeaseAccelerator is the industry’s first software application developed specifically for enterprise lease accounting.
Fortune 500 companies frequently lease much of their real estate and equipment. With the publication of new lease accounting standards (ASC 842 and IFRS 16), leases are moving from a footnote buried in an annual report to a highly visible line on the balance sheet. LeaseAccelerator’s Global Lease Accounting Engine enables companies to improve the accounting and audit trail for all real estate and equipment leases. LeaseAccelerator’s Enterprise Lease Administration Software tracks leases throughout their lifecycle and captures millions in potential savings. LeaseAccelerator’s Enterprise Lease Sourcing Software puts leases out to bid in a competitive marketplace with over 500 different financial institutions.
In June 2018, the company announced a $30 million investment from Insight Venture Partners, a New York-based venture capital and private equity firm. The financing will be used to fund the company’s product roadmap, partner ecosystem, and international expansion.