Woodbridge, N.J. –April 11, 2024 – Visual Lease (VL), the #1 lease optimization software provider, today announced its Q1 results, reporting sustained double-digit annual recurring revenue and customer percentage growth, year-over-year.

“At Visual Lease, we are witnessing a transformative year where Operational and Finance leaders are aligning to achieve value beyond baseline compliance requirements,” said Robert Michlewicz, VL’s Chief Executive Officer. “Our continued commitment to collaborating with our customers and partners allows VL to serve as a newfound system of record, seamlessly managing the entire lease lifecycle. We are proud to empower our clients by making lease operations, reporting and compliance sustainable – all while integrating data across their business to drive strategic financial and operational outcomes.”

In Q1 2024, Visual Lease:

• Named a Leader in nine G2 Spring 2024 reports, focused on how the platform is a fit for larger, more complex organizations, including: The Enterprise Relationship Index for Lease Administration, Enterprise Relationship Index for Lease Accounting, Enterprise Grid® Report for Lease Accounting, Enterprise Grid® Report for Lease Administration, Grid® Report for Lease Accounting, Grid® Report for Lease Administration, Mid-Market Grid® Report for Lease Administration, Momentum Grid® Report for Lease Accounting and Momentum Grid® Report for Lease Administration. This recognition validates VL’s unique ability to help systems and stakeholders across any organization work together to maintain accuracy as leases and regulatory requirements evolve.
• Enhanced key platform functionality, including asynchronous reporting, empowering users to request reports while continuing their work elsewhere in the platform. VL also enhanced its Roll Forward Report to ensure continued, quality year-end reporting for its users.
• Received accolades from Accounting Today, recognizing VL ESG Steward as a Top New Product in 2024. This is the third industry award that VL has received for VL ESG Steward since its launch in 2023.
• Continued to elevate VL ESG Steward’s capabilities, introducing support for international energy grids, as well as support for estimates in addition to actual measures for carbon accounting. VL also introduced import templates to establish organizational and operational boundaries, and upload data and supporting documentation at scale across energy, waste, water, emissions, and climate risk.
• Shared its in-house ESG experts’ perspective on the Security Exchange Commission’s final climate disclosure rule announced in March 2024 by hosting a news briefing with VL partner, FORVIS, and engaging with multiple publications, including Daily Mail, Bisnow, Globe St., Fortune, Yahoo! Finance and others.
• Hosted its first Customer Advisory Board (CAB) meeting of 2024 for select customer representatives across organizations’ Finance, IT and Real Estate teams, providing a platform for all key stakeholders to discuss industry trends and share feedback on upcoming integrations and user experience enhancements.
• Held its annual Sales Kick Off in St. Petersburg, Florida, gathering teammates across its sales and go-to-market organizations for several days of presentations, collaboration, and workshops. Two of VL’s valued partners, RSM US LLP and Baker Tilly, presented at the event.

To keep up with additional announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Carbon accounting and sustainability management solution recognized for empowering Enterprises with the data and visibility needed to progress toward their ESG goals

Woodbridge, N.J. –February 8, 2024 – Visual Lease (VL), the #1 lease optimization software provider, today announced that VL ESG Steward has been named a Top New Product in 2024 by Accounting Today.

VL ESG Steward is the first carbon accounting and sustainability management solution for enterprise real estate and equipment portfolios. Built on decades of lease management best practices, it serves as a centralized system of record for contracts, workflows, financials, and climate risk, providing a complete operational, financial, and environmental view of the portfolio and real-time, asset-level data for sustainability calculations.

“Nearly 70% of senior accounting and finance executives report that their organizations are not fully prepared in terms of their ability to track and measure the environmental impact of leased and owned asset portfolios to comply with the new and emerging environmental reporting requirements,” said Robert Michlewicz, CEO of Visual Lease. “After confirming this need mirrored with our customers and partners, we expanded our platform to include VL ESG Steward, which will not only aid in reporting efforts, but also, illuminate areas of opportunity to help companies create a more sustainable future.”

VL ESG Steward automatically tracks portfolio changes and calculates asset-level emissions in accordance with the greenhouse gas protocol. It also tracks energy, water, waste, and biodiversity impact in compliance with global regulations, and offers configurable controls to ensure accurate data and complete documentation for attestation.

“It is an honor to have been included in Accounting Today’s list of Top New Products for 2024 alongside other industry leaders,” added Michlewicz. “This recognition reinforces our team’s commitment to helping organizations across the globe leverage their portfolio for strategic financial and operational outcomes.”

In 2023, VL ESG Steward was recognized as a finalist for a Software as a Service (SaaS) award within the category of Best SaaS Product for CSR, Sustainability and ESG, and also named a Sustainability Product of the Year by the Business Intelligence Group.

To learn more about VL ESG Steward, please visit this link.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Lease optimization software provider redefines excellence with a single system of record
for lease accounting, management and sustainability tracking

Woodbridge, N.J. – January 18, 2024 – Visual Lease (VL), the #1 lease optimization software provider, today announced its results from 2023, reporting sustained double-digit annual recurring revenue and customer percentage growth, year-over-year.

“Visual Lease’s accomplishments in 2023 serve as a launchpad for our journey ahead,” said Robert Michlewicz, VL’s Chief Executive Officer. “Drawing upon our 25+ years of deep domain expertise and inspired by the strategic input we continue to seek and incorporate from our customers and partners; we’ve made focused investments in our platform and support offerings to increase the value to our users and partners. We also continue investing in our people to foster cross-departmental collaboration and support expanded growth and development opportunities for our team. As a result, VL has been consistently recognized for its unique ability to help enterprises leverage their lease portfolio to drive more strategic financial and operational outcomes.”

In 2023, Visual Lease:

Solutions and Services

• Launched its newest offering, VL ESG Steward, the first carbon accounting and sustainability management solution for enterprise real estate and equipment portfolios. Since its launch, VL has released several new capabilities, including managed emissions factors for International Energy Grids, intelligent imports to establish organizational boundaries and upload sustainability entries at scale, detailed reports and exports, advanced user permissions and flexible configurations.
• Introduced product enhancements, including updating the user interface of its lease accounting solution, delivering a new Currency API to automatically update and synchronize foreign exchange rates, enhancing its GASB Roll Forward Report for lessees to gain visibility into asset and liability activity that occurred in the reporting period and elevating its Accumulated Amortization feature.
• Expanded its network of consulting, reporting, technology and data partners, providing additional financial and operational benefits to mutual customers by strengthening its existing relationships with Cresa Lease Administration, Scribcor and others. VL also deepened its relationship with managed services partner RSM US LLP.
• Hosted its second annual Customer Advisory Board (CAB) Summit in San Antonio, TX, a multi-day event where select customers and partners gathered to discuss industry trends, as well as review and provide feedback on VL’s roadmap.
• Announced the winners of its annual Customer Excellence Awards, recognizing American Axle Manufacturing, Compass and Quanta Services for capitalizing on VL’s unique capabilities to streamline critical workflows, promote cross-departmental collaboration and ensure data accuracy. VL also recognized RSM US LLP as its Partner of the Year for the work it is doing to help organizations implement processes and technologies to recognize risks and opportunities across their lease portfolios.
• Established Technical Account Managers (TAMs) to address enterprise clients’ evolving business needs, extending value to direct customers and supporting the company’s growing global partner network.

Industry Recognition

• Named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment (doc # US48562222, August 2023), the first analyst report to provide a comprehensive evaluation of the combined lease accounting and lease administration capabilities of more than a dozen solution providers.
• Received industry recognitions for the VL ESG Steward platform extension, recognized as a finalist for a Software as a Service (SaaS) award within the category of Best SaaS Product for CSR, Sustainability and ESG, and also named a Sustainability Product of the Year by the Business Intelligence Group.
• Recognized as a Leader in Enterprise Lease Administration and Enterprise Lease Accounting, as well as an overall Leader in the Lease Accounting and Lease Administration categories by G2, quarter-over-quarter.
• Unveiled new research under The Visual Lease Data Institute (VLDI), including The 2023 Commercial Real Estate and Leasing Trend report and The 2024 Office of Finance Outlook: Environmental Impact Reporting. Findings from the research have been featured in The Wall Street Journal, Accounting Today, Yahoo! Finance, Benzinga, Globe St., CPA Practice Advisor and more.

Leadership

• Appointed Amie Durr as VL’s first Chief Product Officer, responsible for overseeing the organization’s product and engineering teams to ensure continued product innovation with even greater speed to market. Durr’s team lead the development of VL ESG Steward.
• Announced Kathryn Eskandarian as VL’s first Chief Financial Officer, having previously served as the organization’s SVP of Finance & Accounting. Eskandarian is responsible for VL’s financial operations, including corporate financial planning, audit and tax functions, as well as its IT, legal and human resources departments.
• Welcomed Gene Cook as Vice President of Global Partners, responsible for helping the company expand the value it provides to its growing network of Global Partners across leading accounting firms, professional services organizations, commercial real estate firms and solution providers.

Culture

• Named a Best Place to Work in New Jersey by NJBIZ for the fourth consecutive year, recognized for its culture, strong leadership, high levels of employee satisfaction and the many growth and development opportunities provided to the team.
• Held its Summer Innovation Days, gathering team members from across the organization to come together and share creative ideas for developing new platform capabilities to support customers’ needs and align with its corporate vision.
• Hosted its inaugural VL Week, providing an opportunity for employees to learn, connect and apply key concepts that are critical to supporting its customers, collaborating with its global partners and achieving shared corporate goals.

To keep up with the latest findings from The Visual Lease Data Institute and additional announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Solution provider is recognized for empowering companies to leverage their lease portfolios for strategic financial and operational outcomes

Woodbridge, N.J. – Dec. 21, 2023 – Visual Lease (VL), the #1 lease optimization software provider, today announced it has been featured in 55 of G2’s 2024 Winter reports and received 17 badges for the winter season. VL has been named a leader in the Enterprise Grid® Report for Lease Accounting, Enterprise Americas Regional Grid® Report for Lease Accounting, Enterprise Relationship Index for Lease Accounting and Enterprise Relationship Index for Lease Administration.

“The advancement – and value – of technology hinges on customer feedback,” said Robert Michlewicz, Chief Executive Officer at Visual Lease. “For 25+ years, we have expanded VL’s platform based on the evolving needs and interests of our customers to ensure that they continue to receive maximum value from our solutions. Inclusion in G2’s reports affirms that VL consistently provides organizations that have complex lease and asset portfolios with the ability to accurately manage, track and report on their leases and related records. This capability not only fuels their compliance efforts, but also provides them with the strategic advantage of being able to use their portfolio data to make better-informed operational decisions and prepare for emerging business needs, such as environmental reporting.”

Visual Lease earned this status as a leading lease accounting and lease management platform based on customer feedback, such as:

• Robust product features to support ongoing compliance and accurate reporting.
  “Visual Lease is built for both lease administration and lease accounting, which is especially great for teams that have a lease administration need that do not want to duplicate the work for ASC 842 management. Visual Lease is also great with reporting with several robust reports (including disclosure reports for financial statements), and awesome with bulk uploads of data if you have a number of leases that takes up a big amount of time fixing from month to month.”
• Unparalleled lease management capabilities and customer support.
  “VL is a very intuitive tool, which makes training a global user base of hundreds of users easier. Integrating new plants post-acquisition is efficient with the various upload templates that allow you to create many new leases at once. The customer support team responds in a timely manner and the senior leadership of the company is focused on continued enhancements with the input of their customer base.”
• Ability to facilitate audit-readiness.
  “Visual Lease provides us with the reports that we need for our annual audit. The reports are concise, clear and contain everything needed for footnote preparation.”
• Full lease lifecycle support.
  “Visual Lease provides a clean, organized platform to both house my lease documents but also, stay organized with rent schedules, deferred rent, lease renewals and essentially everything lease related. The also offer easy-to-navigate tools via their cloud website that I can access anywhere.”
• Commitment to continuous improvement.
  “Visual Lease has been quick to make improvements and updates after being provided feedback. I appreciate that they are very adaptable to changes and their customer support is very quick to respond. They’re very receptive to constructive feedback.”

Learn more about what real users have to say (or leave your own review of Visual Lease) on G2’s VL review page.

About G2

G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit www.g2.com and follow us on LinkedIn.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Survey reveals 84% of enterprise organizations are prioritizing lease management due to lease accounting standards and emerging regulatory requirements around environmental impact reporting

Woodbridge, N.J. – Oct. 31, 2023 – Visual Lease (VL), the #1 lease optimization software provider, today released the newest report from the Visual Lease Data Institute (VLDI), “The 2024 Office of Finance Outlook: Environmental Impact Reporting.” Findings from this report uncover how the heightened global focus on environmental, social and governance (ESG) programs is affecting how the Office of Finance must evolve to leverage lease portfolios to meet regulatory requirements and achieve more strategic financial and operational outcomes.

VL reports that nearly 70% of surveyed senior finance executives say that their organizations are not fully prepared to track and measure the environmental impact of their leased and owned asset portfolios in order to comply with new and emerging requirements. In 2023 alone, various regulatory bodies have committed to introducing standardization to the environmental reporting process, including the International Sustainability Standards Board (ISSB), The Securities and Exchange Commission (SEC) and most recently, California’s state government, further highlighting the importance of strong lease management.

“Considering that 40% of global carbon dioxide emissions stem from real estate-related assets, effective lease management serves as an organization’s gateway to not only quantifying and disclosing its environmental impact but, also to tracking its progress against internal and external sustainability goals,” said Robert Michlewicz, CEO of Visual Lease. “Without a strong level of control over your leased and owned assets, you risk inaccurate financial reporting and as a result, damaged relationships with crucial stakeholders, including consumers, investors and employees.”

Investing in dedicated technology can also address concerns that 99% of surveyed senior finance executives have with maintaining control over their organization’s lease portfolio, including concerns about data accuracy and completeness (48%), sustaining lease accounting compliance (44%) and compliance with ESG requirements and policies (44%).

“Despite how critical data collection and management is in the reporting process, our study found that 51% of enterprise organizations are either relying on Excel or a third party to help them manage their lease administration processes,” said Michlewicz. “However, it is imperative that the Office of Finance leverages a centralized system of record with a strong controls framework to ensure complete and accurate asset data and emissions inventory.”

The new VLDI report found that prioritizing ESG initiatives remains top-of-mind for most senior finance and accounting executives at companies with more than 1,000 employees, with 90% looking to enact new sustainability goals within the next 2-5 years, and 97% saying they are currently involved with ESG reporting decisions within their organization.

Additional findings on organizations’ commitments to ESG program development and reporting include:

• 88% of surveyed senior finance executives say that sustainability factors are a high priority when entering into new lease agreements, such as increasing the number of LEED-certified buildings in their lease portfolios or increasing the number of energy-efficient vehicles in their fleets.
• Less than one-third of senior finance executives report that their ESG reporting framework is fully established and includes a variety of environmental factors, with 30% disclosing that their framework is limited to specific organization initiatives.
• While the majority of surveyed senior finance executives reported that they’ve collected key environmental data, less than 40% have analyzed or used the data to establish benchmarks.

To download the report and view the full data findings, click here.

Visual Lease conducted a national survey of 200 U.S. senior finance executives at private, public and government organizations with more than 1,000 employees.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

About the Visual Lease Data Institute

The Visual Lease Data Institute is a collection of market-leading data, trends and insights on lease accounting, management, sustainability reporting and optimization created and curated by Visual Lease, provider of the #1 lease optimization software. The Institute was founded on 35+ years of experience managing lease data and financials, and was created to empower organizations with the market data required to leverage their lease portfolio for strategic financial and operational outcomes.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Longstanding pioneer in lease management and accounting continues to advance its platform capabilities to address evolving environmental reporting requirements

Woodbridge, NJ – October 16, 2023 — Visual Lease (VL), the #1 lease optimization software provider, today announced its results from Q3 2023, reporting sustained double-digit annual recurring revenue and customer percentage growth, year-over-year.

“A forthcoming analysis from The Visual Lease Data Institute indicates that 99% of senior accounting and finance executives from companies with more than 1,000 employees have made lease management a higher priority in light of the new lease accounting standards and rising, widespread interest in sustainability,” said Robert Michlewicz, CEO of Visual Lease. “Our continued growth and industry recognition reflects our unique ability to address this pivotal shift in the Office of Finance, which is rooted in VL’s 25+ years of experience maximizing the value organizations receive from their lease portfolio. We continue to invest in our people, platform and the services we provide to empower our growing community of 1,500+ customers to leverage their lease portfolio for strategic financial and operational outcomes.”

In Q3, Visual Lease:

Solutions & Services

• Enhanced its GASB Roll Forward Report for lessees, which provides detail of the asset and liability activity that occurred in the reporting period. This report makes it easy for organizations that need to comply with the GASB standards 87 and 96 to manage and reconcile period-over-period changes to their balance sheet accounts, and can also be used to help in preparing statements of cash flows.
  
  
• Hosted its second annual Customer Advisory Board (CAB) Summit in San Antonio, TX, a multi-day event where select customers and partners gathered to discuss industry trends, as well as review and provide feedback on VL’s roadmap. During the summit, VL unveiled the winners of its annual Customer Excellence Awards, recognizing American Axle Manufacturing, Compass, Quanta Services and RSM US LLP for capitalizing on VL’s unique capabilities to streamline critical workflows, promote cross-departmental collaboration and ensure data accuracy.

• Welcomed Gene Cook as Vice President of Global Partners, responsible for helping the company expand the value it provides to its growing network of Global Partners across leading accounting firms, professional services organizations, commercial real estate firms and solution providers.

Industry Recognition

• Named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment (doc # US48562222, August 2023), the first analyst report to provide a comprehensive evaluation of the combined lease accounting and lease administration capabilities of more than a dozen solution providers. According to Kevin Permenter, Research Director at IDC, the analysis found that, “VL offers substantial platform extension capabilities around tracking and reporting on the environmental impact of leased and owned assets to support their clients’ ESG initiatives and help organizations harness the power of their portfolio to enhance business resiliency.”

• Received two awards for its newest offering, VL ESG Steward, recognized as a finalist for a Software as a Service (SaaS) award within the category of Best SaaS Product for CSR, Sustainability and ESG, and also named a Sustainability Product of the Year by the Business Intelligence Group. VL ESG Steward is the first solution of its kind within the lease accounting and administration space designed to empower users to report on the environmental impact of their owned and leased assets in accordance with the sustainability disclosure requirements from the International Sustainability Standards Board (ISSB), IFRS S1 and IFRS S2.

• Recognized by G2 as a Leader and High Performer for Enterprise businesses in both the Lease Administration and Lease Accounting categories, as well as Leader and High Performer status in both categories for businesses of all sizes.

Company Culture

• Named a Best Place to Work in New Jersey by NJBIZ for the fourth consecutive year, recognized for its culture, strong leadership, high levels of employee satisfaction and the many growth and development opportunities provided to the team.

• Hosted its inaugural VL Week, providing an opportunity for employees to learn, connect with one another and apply key concepts that are critical to supporting its customers, collaborating with its global partners and achieving shared corporate goals. The week consisted of informative sessions, workshops and volunteer opportunities with local organizations Elijah’s Promise and Clean Ocean Action. .

To keep up with the latest findings from The Visual Lease Data Institute and additional announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 770 2270
ebonavitacola@visuallease.com     

Woodbridge, NJ – September 27, 2023 — Visual Lease (VL), the #1 lease optimization software provider, today announced the winners of its annual Customer Excellence Awards, recognizing organizations that are using VL’s platform to achieve optimal strategic financial and operational outcomes. The winners were unveiled at the company’s annual Customer Advisory Board (CAB) Summit, a multi-day event in San Antonio, TX, for select customers and partners.

“This year’s recipients reflect how best-in-class companies are capitalizing on VL’s unique capabilities to streamline critical workflows, promote cross-departmental collaboration and ensure data accuracy,” said Robert Michlewicz, Visual Lease’s Chief Executive Officer. “With more than 1,500 global organizations leveraging VL’s platform to mitigate risks, create value and minimize costs associated with their lease records, these companies represent a valuable guidepost for our evolving industry.”

This year’s VL Customer Excellence Award winners were recognized for:

• Enhanced Controls: American Axle Manufacturing. A two-time VL Customer Excellence Award winner, American Axle Manufacturing extended its controls framework and audit-preparedness, resulting in an 85% reduction in its controls deficiencies.
• Data-Driven Decisions: Compass. By merging its lease portfolio and business data into a proprietary visualization tool using the VL platform, the company now makes more strategic, data-driven decisions.
• Unified Teams & Data: Quanta Services. By automating cross-departmental workflows, Quanta Services saved an impactful amount of time and money, allowing for a more collaborative and efficient workflow.
• Driving Shared Success: RSM US LLP. VL’s partnership and shared mission with RSM assists a diverse and complex field of organizations seeking to implement processes and technologies which recognize risks and opportunities across a client’s lease portfolio.

For other updates from VL, visit this link.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit visuallease.com.

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 770 2270
ebonavitacola@visuallease.com     

Woodbridge, NJ – September 19, 2023 — Visual Lease (VL), the #1 lease optimization software provider, today announced the company’s newest offering, VL ESG Steward, has been recognized by the Business Intelligence Group as a winner of a 2023 Sustainability Award under the category of Sustainability Product of the Year. This recognition comes on the heels of VL being named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment (doc # US48562222, August 2023).

“It is an honor to continue to receive industry recognition that not only celebrates VL’s foundation as a centralized system of record for all lease financial, operational and legal data, but also acknowledges our commitment to help organizations harness their portfolio to prepare for emerging business needs and compliance requirements,” said Robert Michlewicz, Visual Lease’s Chief Executive Officer. “VL ESG Steward is uniquely designed to help companies track and report on the environmental impact of their owned and leased assets in accordance with the sustainability disclosure requirements from The International Sustainability Standards Board (ISSB), IFRS S1 and IFRS S2.”

The Visual Lease Data Institute (VLDI) has uncovered that 90% of organizations in the U.S. with more than 1,000 employees are looking to implement new sustainability goals over the next two to five years. VL ESG Steward is the first ESG reporting tool of its kind within the lease accounting and administration space specifically created to help organizations consolidate the records needed to track their environmental impact across their commercial real estate, fleet, equipment and more. With these insights in hand, businesses will be empowered to make better-informed decisions regarding how to reduce their carbon footprint in line with corporate goals and emerging global regulatory guidance.

“Recent research from The VLDI has also shown that with the new lease accounting standards in effect and a rising interest in sustainability, 84% of companies have prioritized lease management,” said Amie Durr, Visual Lease’s Chief Product Officer. “While the majority of organizations are just now realizing how critical their lease portfolio is to their financial and operational success, this is not a new concept for VL. Our entire platform is built on 25+ years of experience maximizing the value customers receive from their lease portfolio.”

The Sustainability Awards honor those who have made sustainability an integral part of their business practice. For-profit and not-for-profit organizations of all sizes submitted nominations, which were evaluated by business executives using the organization’s proprietary and unique scoring system. Other solutions recognized under the category of Sustainability Product of the Year include IBM Environmental Intelligence Suite: Renewables Forecasting, S&P Global Sustainable1 Nature & Biodiversity Risk Solution, and Honeywell Emissions Management Suite.

To learn more about VL ESG Steward, please visit this link.

For other updates from VL, visit this link.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records.

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 770 2270
ebonavitacola@visuallease.com     

Company’s proven SaaS solutions are recognized in first analyst report
dedicated to full lease portfolio management

Woodbridge, NJ – August 29, 2023 — Visual Lease (VL), the #1 lease optimization software provider, today announced that it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment (doc # US48562222, August 2023). 

The IDC MarketScape is the first analyst report to provide a comprehensive evaluation of the combined lease accounting and lease administration capabilities of more than a dozen software providers. Over the last two years, IDC cross-compared the product strategies and capabilities of the vendors in this space through multiple system demos, customer references and surveys designed to collect details on platform functionality, roadmap, integrations, security and global use.

“Being named a Leader in this inaugural report reinforces our belief that when prioritized, lease record data has the potential to contribute significant strategic value to a business that extends far beyond meeting compliance requirements,” said Visual Lease’s CEO, Robert Michlewicz. “Informed by more than two decades of lease portfolio management experience, Visual Lease is the only solution that provides organizations with the visibility and controls needed to mitigate risk, optimize value and minimize cost – all critical capabilities in today’s market.”

The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment notes, “Consider Visual Lease if you are looking for an end-to-end solution that leverages 25+ years of experience maximizing the value customers receive from their lease portfolio by ensuring they have strong, sustainable financial and operational controls and comprehensive reporting capabilities.”

“Serving as a centralized system of record for all lease financial, operational and legal data, Visual Lease provides organizations the opportunity to sustain lease accounting compliance and simultaneously leverage their leases for strategic financial and operational outcomes,” said Kevin Permenter, Research Director at IDC. “Based on our analysis, VL offers substantial platform extension capabilities around tracking and reporting on the environmental impact of leased and owned assets to support their clients’ ESG initiatives. The platform is well positioned to help organizations harness the power of their portfolio to enhance business resiliency.”

To date, in 2023, Visual Lease has earned 12 Leader badges on G2, including Leader status for Enterprise businesses in both the Lease Administration and Lease Accounting categories for every consecutive quarter, as well as Leader status in both categories for businesses of all sizes. VL was also named a High-Performing Solution for Asset Management and Lease Management for small businesses. Most recently, Visual Lease was recognized as a finalist in the category of Best SaaS Product in CSR, Sustainability and ESG by the Software as a Service Awards.

To access a copy of the report, visit this page.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Visual Lease
Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 770 2270
ebonavitacola@visuallease.com     

Company invests in its Partner network in preparation for the next stage of growth

Woodbridge, NJ – August 8, 2023 — Visual Lease (VL), the #1 lease optimization software provider, today announced the appointment of Gene Cook as its first Vice President of Global Partners. In his new role, Cook will help VL expand the value it provides to its growing network of Global Partners across leading accounting firms, professional services organizations, commercial real estate firms and solution providers.

“It’s a pleasure to welcome Gene to our leadership team as we take the VL Global Partner program into the next phase of its evolution,” said Visual Lease CEO, Robert Michlewicz. “VL has an active and growing partner network because the platform makes it easy for cross-functional teams to track and report on dynamic datasets, ensuring accuracy and timely access to critical information while also reducing risk and improving business agility. With Gene’s background and experience, we look forward to collaborating with new and existing partners to offer mutual clients best-in-class software and services, empowering them to deliver better strategic financial and operational outcomes to their businesses.”

Before joining Visual Lease, Cook was Senior Director of Global Bank Alliances at Coupa Software, the cloud platform for business spend management (BSM). Prior to Coupa Software, Cook served as FSI Partner Business Director at Concur Technologies, an SAP Company, where he was responsible for the organization’s top six banking partners.

“I am honored to join the VL team in support of its mission to help organizations across the globe mitigate the risks and maximize the associated with their lease portfolio,” said Cook. “By joining forces with other industry leaders, we will collectively expand our reach and empower more businesses to gain complete control over their financial, operational and legal data with our platform.”

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom. 

About Visual Lease  

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 770 2270
ebonavitacola@visuallease.com     

Dedicated investments in its solutions, services and leadership expand company value

Woodbridge, NJ – July 13, 2023— Visual Lease, the #1 lease optimization software provider, today announced its results from Q2 2023, reporting double-digit annual recurring revenue and customer percentage growth, year-over-year.

“Today, finance and operational leaders are working together in shaping and realizing their organization’s growth strategies,” said Robert Michlewicz, CEO of Visual Lease. “Their ability to make informed and effective decisions around critical areas, such as budget and resource allocation, as well as ESG program development and reporting, hinges on the integrity of their organization’s data. By 2025, 50% of FP&A leaders will have enterprise-wide data strategy as a core responsibility, furthering the need for technology-backed data management processes. At Visual Lease, our proven solutions make it easy for cross-functional teams to accurately track and report on dynamic financial and operational datasets.”

In Q2 2023, Visual Lease:

• Expanded its platform value.
  With its 23.6 release, Visual Lease launched a new Currency API to automatically update and synchronize foreign exchange rates to maintain consistency and comparability across Visual Lease, the ERP and the customer’s entire finance ecosystem. Visual Lease facilitates unlimited currencies and allocations for lease accounting to support multinational organizations.
• Enhanced its customer support offerings.
  Visual Lease established Technical Account Managers (TAMs) to address enterprise clients’ evolving business needs. This offering extends value to direct customers and supports the company’s growing partner network.
• Recognized as an industry leader.
  G2 named Visual Lease a Leader in Enterprise Lease Administration and Enterprise Lease Accounting, as well an overall Leader in the Lease Accounting and Lease Administration categories. Visual Lease was also named a High Performer in the Small-Business Lease Administration category.
• Held its quarterly Customer Advisory Board (CAB) meeting.
  Visual Lease’s executive leadership team invited a select group of customers to discuss and provide feedback on upcoming expanded reporting features, product roadmap prioritization and Visual Lease’s strategic vision. Visual Lease will hold its annual on-site CAB meeting in Q3 2023.
• Held Summer Innovation Days.
  Visual Lease empowered team members from across the organization to come together and share creative ideas for developing new platform capabilities to support customers’ needs and align to its corporate vision. The result – several platform extensions now included in our roadmap for review and consideration with our clients and partners.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contact

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Company continues to demonstrate its commitment to strategic growth and operational excellence

Woodbridge, NJ – July 6, 2023 — Visual Lease, the #1 lease optimization software provider, today announced the appointment of its first Chief Financial Officer, Kathryn Eskandarian. Having most recently served as the organization’s SVP of Finance and Accounting, Eskandarian has extensive experience building out accounting and finance functions within high-growth SaaS companies. With the introduction of this role to the business, Visual Lease continues to invest in its senior leadership team, having announced the addition of a Chief Customer Officer, Chief Revenue Officer and Chief Product Officer to its C-Suite within the last year.  

“Working alongside Kathryn, I’ve witnessed her unwavering passion for our company and relentless pursuit of operational excellence in critical functional areas, including Finance, Human Resources, Legal and Information Technology,” said Visual Lease CEO, Robert Michlewicz. “During her time with VL, Kathryn has been instrumental in evolving these pillars of our business on pace with the company’s growth. Her leadership will continue to help drive VL’s success as we further expand our platform and the value that we provide to our growing community of customers and partners.” 

Eskandarian joined Visual Lease in August 2017 as Director of Finance and Accounting. During her tenure, Visual Lease has experienced double-digit, year-over-year percentage growth in both revenue and customer count. Prior to joining the company, Eskandarian served as the Controller at iCIMS, where she was heavily involved in building the financial infrastructure to scale and support the business, as well as facilitating various equity raises. 

“Today, finance leaders are relied on to help their organizations prepare for emerging needs and challenges, such as the global sustainability disclosure standards that were recently announced by the International Sustainability Standards Board (ISSB),” said Eskandarian. “I’ve experienced firsthand how critical the ability to adapt to changing market conditions is to business health and success. This knowledge fuels my passion for the work we do to help our customers stay ahead of what’s ahead.” 

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom. 

About Visual Lease  

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.  

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com     

Carbon accounting, sustainability management and ESG reporting tool receives global recognition on the heels of newly announced international sustainability standards (IFRS S1 and IFRS S2)

Woodbridge, NJ – July 5, 2023 — Visual Lease, the #1 lease optimization software provider, today announced the company’s newest offering, VL ESG Steward, has been shortlisted for a Software as a Service (SaaS) award within the category of Best SaaS Product for CSR, Sustainability and ESG.

VL ESG Steward is an ESG reporting tool, and the first of its kind within the lease accounting and administration space, specifically created to help organizations consolidate the records needed to track their carbon footprint across commercial real estate, fleet, equipment and more. The tool empowers users to be able to report on the environmental impact of these assets in accordance with the newly announced sustainability disclosure requirements from The International Sustainability Standards Board (ISSB), IFRS S1 and IFRS S2.

“ESG reporting remains a top priority for organizations across the globe,” said Visual Lease CEO, Robert Michlewicz. “With Visual Lease’s history of serving as a leading lease record management solution for more than two decades, we are in a unique position to be able to help businesses use this data to go beyond lease accounting compliance to track and report on the environmental impact of their owned and leased assets. Our team is at the forefront of these evolving business needs, and provided guidance on the new international sustainability disclosure standards from the ISSB. We are proud to provide Visual Lease customers with the advantage of being able to confidently report on this data in accordance with the latest requirements.”

Hundreds of entries were received for The SaaS Awards 2023, the organization’s 8th awards ceremony. VL ESG Steward was evaluated against worldwide submissions from organizations across North America, Canada, Europe, the Middle East, and Australia. The software is recognized alongside solutions from industry leaders such as IBM, IBM Cloud, LineLeader by ChildcareCRM, Submittable, ECM PCB Stator Technology, Diligent Corporation, Wolters Kluwer Enablon, Coats Digital and Avetta.

Given that nearly 40% of global carbon dioxide emissions originate from real-estate-related assets, Visual Lease extended its platform to help its customers access their lease record data to not only achieve compliance with the evolving requirements, but also to understand – and ultimately transform – the environmental impact of their owned and leased assets.

“The true power of technology lies in its ability to effectively meet current needs while preparing to address emerging needs, which is a guiding principle for our product development efforts here at Visual Lease,” said Amie Durr, Visual Lease’s Chief Product Officer. “Visual Lease is uniquely positioned to be able to track and report on dynamic financial and operational datasets, which is a core capability to support a carbon accounting program. With these insights readily available, organizations can successfully pave the way for a more sustainable future,” Durr added.

To learn more about VL ESG Steward, please visit this link.

About the SaaS Awards

The SaaS Awards is a sister program to the Cloud Awards, which was founded in 2011. The SaaS Awards focus on recognizing excellence and innovation in software solutions. Categories range from Best Enterprise-Level SaaS to Best UX or UI Design in a SaaS Product.

About Visual Lease

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contacts

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Woodbridge, NJ – April 19, 2023 — Visual Lease, the #1 lease optimization software provider, today announced its results from Q1 2023, reporting double-digit annual recurring revenue and customer percentage growth year-over-year. The company continues to invest in its platform and services to provide extended value to its growing customer base.

“This quarter, our customers used Visual Lease to demonstrate the strategic value of their leases, resulting in accelerated growth for our organization,” said Robert Michlewicz, CEO of Visual Lease. “Furthermore, we welcomed an impressive class of new customers who are using recent regulatory changes to enhance their business operations while simultaneously maintaining compliance. In March, we launched VL ESG Steward, deepening Visual Lease’s commitment to being a strategic provider positioned to assist companies’ sustainability efforts across their portfolio of leased and owned assets. We are grateful to our loyal customers, industry experts and the hardworking VL team for their valuable contributions to our successful growth and platform expansion.”

In Q1 2023, Visual Lease:

• Announced the Launch of VL ESG StewardA carbon accounting and ESG reporting solution designed to track and report on the environmental impact of an organization’s owned and leased asset portfolio, including energy consumption, water, biodiversity and greenhouse gas emissions. VL ESG Steward is the first tool of its kind within the lease management and accounting solution space and will help businesses and governments establish their ESG baseline, manage and report on emissions at an asset level and establish auditable controls to help teams work together, efficiently and reliably.
• Appointed Amie Durr as VL’s First Chief Product Officer
  With nearly 15 years’ experience in product management, Durr is responsible for overseeing the organization’s product and engineering teams to ensure continued product innovation with even greater speed to market. Durr’s team lead the development of VL ESG Steward.
• Launched Product Enhancements
  Visual Lease enhanced existing product functionality and provided an updated user interface to its lease accounting system to effectively reduce load times and create efficiencies during a critical time of year for accounting and finance teams.
• Unveiled a New Report from The VL Data Institute (VLDI)
  The 2023 Commercial Real Estate and Leasing Trend report from The VLDI reveals how businesses are changing and why they enter into new leases in response to the evolving workplace and economy. Highlighted in this recent analysis are lease term priorities, post-pandemic economy lease impact, ESG priorities and more. Findings from the research have been featured in Accounting Today, Yahoo! Finance, Benzinga, Globe St. and more.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contact

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

The first sustainability-focused lease tracking and reporting software designed to help companies meet their environmental policy goals

Woodbridge, N.J. – March 29, 2023 — Visual Lease, the #1 lease optimization software provider, today launched VL ESG Steward, a solution designed to track and report on the environmental impact of an organization’s owned and leased asset portfolio. This is the first tool of its kind within the lease management and accounting solution space. The solution will enable businesses around the globe to consolidate the data needed to track their carbon footprints across assets like commercial real estate, fleet, equipment and more, and make the necessary changes to address their environmental, social and governance (ESG) goals.

As companies move forward with internal ESG initiatives and keep an eye on the future where there may be set policies and standards in place that require compliance, clearly tracked and detailed energy consumption insights across leased and owned assets will be critical. However, the process of collecting and organizing this data is anything but straightforward. Much like the lease accounting process, the datapoints required to track environmental impact are dynamic and complex. To streamline the process, VL ESG Steward converts consumption data of greenhouse gas emissions (CO2, PFCs, CH4, SF6, N2O, HFCs) using calculations based on the Greenhouse Gas Emissions Protocol and EPA Energy grid emissions factors. The result is an up-to-date and ongoing greenhouse gas inventory as it relates to leased, owned and other intangible assets across an organization’s portfolio.

“VL ESG Steward is a natural extension of the capabilities we have provided to our customers for more than two decades. As we look ahead, the businesses that have a clear understanding of their greenhouse gas inventory will be in the unique position to easily identify areas where shifts can be made to meet internal and external goals,” said Robert Michlewicz CEO of Visual Lease. “It is a perfect complement to VL’s long standing partnership with our clients as they access dynamic lease data to maintain compliance, ensure accurate accounting practices and leverage their portfolios to their fullest potential.”

In addition to greenhouse gas emissions, VL ESG Steward tracks a wide variety of environmental factors, including energy consumption, water usage, waste management and more. It collects data from a range of sources and automatically converts it into the standardized measurement of choice.

Continues Michlewicz, “We’re seeing ESG reporting become an increasingly crucial part of asset management for our clients. In fact, our recent research revealed that 99% of senior real estate executives at companies with more than 1,000 employees believe it is important to reduce the carbon footprint of their future leases. And yet, there hasn’t been a solution to support the accurate tracking and management of this critical data – until now.”

“As MISTRAS recognizes our responsibility to serve as an agent for positive change and advancement of the company’s ESG initiatives, we’re thrilled to become a pilot customer for VL ESG Steward. We’ve used Visual Lease as our system of record for our portfolio of facility, automobile and equipment leases – and feel that they are well positioned to expand and provide meaningful value into the complex landscape of ESG reporting,” said Thomas Tobolski, Treasurer, MISTRAS Group, Inc.

VL ESG Steward will provide leaders at both new and existing customers with the clarity needed to further leverage their lease portfolio as a strategic business asset. The launch of VL ESG Steward sets a new precedent in the lease management and accounting space, offering a long-term solution for tracking and reporting ESG commitments that are complex and constantly evolving.

To learn more about VL ESG Steward and see it in action, visit the Visual Lease website and register for the solution overview webinar on Wednesday, April 19th at 1:00 PM ET.

About Visual Lease
Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contact:

Holland Eichorn
Visual Lease
T+1 301 873 9653
visuallease@calibercorporate.com

88% of businesses are planning for physical space needs just one year or less in advance

Woodbridge, N.J. – February 22,2023 — Visual Lease, the #1 lease optimization software provider, today unveiled its 2023 Commercial Real Estate & Leasing Trend Report, which reveals that businesses are changing how and why they enter into new leases in response to the evolving workplace and economy.

Visual Lease found that while 70% of senior real estate executives reported that their businesses are looking to add space as a part of their 2023 real estate strategy, 88% are planning for physical space needs just one year or less in advance – a significant increase from 2022, when only 35% of companies reported planning physical space needs with the same timeline in mind. This change illustrates organizations’ desire to protect their ability to pivot should any unforeseen circumstances arise – a lesson learned from the COVID-19 pandemic. In fact, senior real estate executives identified the ability to sublease and flexible lease termination as top factors to negotiate into future leases.

This study also found more than half (52%) of senior real estate executives report that their companies are planning to add new satellite locations and 28% are looking to downsize existing spaces. The growing interest in satellite locations and alternate spaces is indicative of how businesses are working to meet the needs of a reimagined workplace – one with flexibility as a core component, embracing hybrid work arrangements, fully remote hires and shared workspaces. In fact, this year 46% of senior real estate executives report that shared desks or offices (booked as needed by workers) provide the best office working environment for their companies.

“In today’s macro-economic environment, business leaders have to be even more strategic with resource allocation,” said Robert Michlewicz, Visual Lease’s CEO. “As a result, companies are changing how they view their real estate and equipment leases. Once a widely overlooked area of the business, lease portfolios are now helping companies remain agile by providing opportunities for significant hard- and soft-dollar savings. The key, however, to accessing these many benefits is first implementing a strong lease controls framework.”

Further highlighting the power of proper lease management, 45% of surveyed senior real estate executives report their companies have overpaid rent or expenses due to inadequate lease controls. These costly errors can be attributed to the fact that 83% of real estate executives also share that their companies are not prioritizing an investment in the dedicated technology, people and processes required to successfully manage their lease-related expenses, which is typically the second largest line item for businesses.

“Without the right technology and processes in place, leases can very quickly turn into substantial liabilities, exposing businesses to compliance risks, failed audits, fees, damaged credibility and wasted resources,” continues Mr. Michlewicz. “There is a major opportunity available to companies across all industries to safeguard themselves against these risks, and also, use their lease data to make better-informed decisions and successfully anticipate future needs.”

The report also revealed a clear correlation between leases and Environmental, Social, and Governance (ESG) programs and reporting:

• There is a lot of progress to be made in developing ESG initiatives – 95% of companies do not have a fully established ESG program with 41% reporting they have not begun any ESG initiatives yet.
• Leasing decisions can support – or undermine – an organization’s environmental sustainability efforts – 99% of those surveyed believe it is important for their company’s future leases to reduce its carbon footprint.
• Real estate teams need a seat at the table – Despite having access to all the details within a company’s lease portfolio, 55% of senior real estate executives have little to no involvement currently in ESG reporting at their organization.

Visual Lease surveyed 200 U.S. senior real estate executives at companies with more than 1,000 employees. For full study results, download here.

About the Visual Lease Data Institute

The Visual Lease Data Institute is a collection of market-leading data, trends and insights on lease accounting, management and optimization created and curated by Visual Lease, provider of the #1 lease optimization software. The Institute was founded on 35 years’ experience managing lease data and financials and was created to arm organizations with the knowledge required to achieve and maintain lease accounting compliance and leverage their leases as strategic business assets.

About Visual Lease

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Company continues to strengthen senior leadership team and invest in product innovation

Woodbridge, NJ – January 9, 2023 — Visual Lease, the #1 lease optimization software provider, today announced its first Chief Product Officer, Amie Durr. Having most recently served as the company’s SVP of Product, Durr brings nearly 15 years of product management experience to Visual Lease. With the introduction of this C-level office, Durr will oversee the organization’s Product and Engineering teams to ensure continued product innovation with even greater speed to market.

“For more than 26 years, Visual Lease has helped companies maximize the value of their leases,” said Visual Lease CEO, Robert Michlewicz. “We remain committed to delivering a platform that empowers organizations to leverage their lease portfolios as strategic assets. With Amie’s expert guidance and direction, our Product and Engineering teams will work seamlessly together while introducing new platform features and functionality that enable our customers to fully control and leverage their portfolios to make stronger business decisions.”

Durr joined Visual Lease in August 2022 as SVP of Product. Prior to joining the company, Durr was the Vice President of Product Management at SparkPost, where she was responsible for products delivering nearly 40% of all commercial emails. Amie’s contributions were a driving force behind MessageBird’s acquisition of SparkPost for $600M in 2021.

“Our most recent survey under The Visual Lease Data Institute found that 83% of companies are not prioritizing dedicated technology, people and processes to successfully manage their lease-related expenses,” said Durr. “In my new role, I am excited to champion continued product innovation to help these organizations use Visual Lease to not only sustain lease accounting compliance, but also, optimize their leases for a range of tangible business benefits.”

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease, the #1 lease optimization software provider, empowers organizations to leverage their lease portfolio as a strategic asset. Our platform is uniquely designed to meet the needs of every team that interacts with a company’s lease portfolio to reduce risk, drive confident and sustained lease accounting compliance and provide the visibility required to make agile business decisions. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS and GASB lease accounting standards and implement proper lease controls to improve the financial, legal and operational performance of their leases. Our award-winning software is used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets globally. For more information, visit visuallease.com.

Media Contacts

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Organization continues to invest in its leadership team to drive its next stage of growth

Woodbridge, N.J. – November 1, 2022 — Visual Lease, the #1 lease optimization software provider, today announced the appointment of Dan VanVeelen as the organization’s Chief Revenue Officer. In his role, Dan will lead the organization’s sales, account management and alliance partner teams, and will be responsible for executing corporate strategic plans that drive continued, accelerated growth and market-leading client satisfaction.

“We recently had a record number of new customers join Visual Lease in a single month,” said Visual Lease’s CEO, Robert Michlewicz. “This milestone is not only a reflection of our unparalleled technology and service, but also, of how we support our customers from their very first interaction with Visual Lease. With Dan’s breadth of experience driving revenue growth at technology companies, he is the perfect addition to our team, and will ensure that we continue to scale at a healthy rate while providing maximum value to our expanding community of customers.”

Prior to joining Visual Lease, Dan was Senior Vice President of Americas Sales at Precisely, the global leader in integrity data, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Under his leadership, Precisely’s Americas Sales team led the company in new business growth and client satisfaction. During Dan’s tenure, Precisely was recognized by Gartner in the Market Share Analysis for Data Management Software as the fifth-highest-ranked vendor by revenue in 2021.

“VL has the ability to completely transform how businesses view and make more strategic decisions about their lease portfolios,” said Dan. “I am grateful for the opportunity to work with a leadership team that is dedicated to providing the solutions and services organizations need to achieve lease accounting compliance, and also, improve the overall financial controls and benefits they receive from their investments.”

This addition to Visual Lease’s leadership team comes shortly after Alex Betesh was announced as Visual Lease’s first Chief Customer Officer and Amie Durr was appointed Senior Vice President of Product.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

To learn more about careers at Visual Lease, visit the Visual Lease Career Site.

About Visual Lease

Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.

Media Contacts

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Company welcomes Visual Lease customers and partners to two-day event
to network, discuss the future of lease accounting and recognize award-winning accounts

Woodbridge, NJ – October 28, 2022 — Visual Lease, the #1 lease optimization software provider, hosted its Customer Advisory Board Summit, a two-day event (October 19 – October 20^th, 2022) in Nashville, TN, for select customers. Attendees connected with peers to discuss the future of lease accounting, administration and optimization and how Visual Lease is uniquely supporting this evolution for private and public companies, as well as government entities.

Visual Lease invited senior accounting, finance and real estate executives from leading organizations across all industries, including Huntington National Bank, HomeServices of America Inc., American Axle & Manufacturing Inc., Central National Gottesman, Inc. (Spicer’s Paper), Avis Budget Group, On Q Financial, MDU Construction, Bacardi Limited, Toshiba America Business Solutions + Toshiba Global Commerce, CURO Financial Services, Hearst Communications and Simpson Manufacturing.

“As we continue to make strategic investments in our technology, services and team, we are committed to keeping an open line of communication with our customers,” said Visual Lease CEO, Robert Michlewicz. “During this event, we were able to hear their perspectives on industry trends that align with our current and future-state platform. We also celebrated several VL customers who have excelled in utilizing our platform to gain stronger internal controls, streamline critical processes and unlock many of the benefits that lease accounting and administration provide when supported by the right technology.”

The summit’s sessions were hosted by Visual Lease’s leadership team and included a guest speaker from RSM US LLP, a member of VL’s Alliance Partner network. During the event, Visual Lease announced the winners of its annual VL Customer Excellence Awards, recognizing organizations that leveraged VL solutions and services to drive real business results, including:

• American Axle & Manufacturing 
• CURO Financial
• Hearst Communications
• Huntington National Bank
• Indeed
• MDU Construction
• Penn State Health

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.

Media Contacts

Karen Lee
Caliber Public Relations
T+1 929 269 4436
karen@calibercorporateadvisers

Leading technology provider joins forces with top accounting advisors to
help companies master their lease administration and accounting software implementation

Woodbridge, N.J. – October 27, 2022 — Visual Lease, a leading lease optimization software provider, today announced its Premium Implementation Partner program to help companies master their lease administration and accounting software implementation. Through this new program, companies will gain access to leading accounting and advisory firms when implementing Visual Lease’s solutions.  

“When given the opportunity to harness new technology under the guidance of true industry experts, companies can expect to see an even bigger return on their investment,” said Robert Michlewicz, CEO of Visual Lease. “We’ve aligned with top-tier accounting and advisory firms, such as RSM, Grant Thornton and Baker Tilly to provide organizations with additional support, insights and intel to help them relieve internal resources and simultaneously recognize every benefit associated with choosing Visual Lease. The result? Confident, easy and sustained lease accounting compliance and reduced risk.” 

Under Visual Lease’s Premium Implementation Partner program, companies will have the opportunity to leverage lease administration, technical accounting and Visual Lease platform expertise to successfully meet adoption requirements and deadlines. 

“When it comes to transitioning to the new lease accounting standards – ASC 842, GASB 87 and IFRS 16 – there is no time to waste,” added Joseph Fitzgerald, SVP of Lease Market Strategy at Visual Lease. “If companies fail to properly achieve ongoing compliance with the standards, they risk having inaccurate financial statements, increased audit fees and damaged credibility. Under the guidance of seasoned lease administration and lease accounting professionals, organizations will greatly reduce those risks while also streamlining and accelerating their processes for years to come.” 

By engaging a Premium Implementation Partner’s service, companies can reduce the time and resources needed to gather the necessary lease information required to meet the new lease accounting standards, a process that private companies who are not using third-party software expect to spend an average of nearly 1,600 hours on. Premium Implementation Partners can also assist with other necessary and time-consuming lease accounting tasks, including journal entries and report generation. 

For more information on the benefits of Visual Lease’s Premium Implementation Partner program, visit RSM, Grant Thornton and Baker Tilly and The VL Partner Marketplace.

About Visual Lease  

Visual Lease is a leading lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.   

Media Contacts 

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com     

Private companies and government entities continue to face challenges around properly managing and reporting their leases in accordance with the new lease accounting standards

Woodbridge, N.J. – July 25, 2022 — Visual Lease, the #1 lease optimization software provider, today unveiled its newest report from The Visual Lease Data Institute, The 2022 Lease Market Analysis: Lease Accounting Readiness. The study found that despite leases typically making up a large portion of an organization’s budget, nearly three-quarters (71%) of private companies are not entirely confident they know how much their leases cost their business. This lack of awareness and visibility is one reason companies are slow to transition to the new lease accounting standards. Notably, a third (33%) of private companies are still not fully prepared to transition to ASC 842, which is effective for all 2022 and 2023 financial statements and beyond.

Despite the GASB 87 effective date being six months earlier (June 15, 2021), a delay appears to be emerging in the implementation of the standard. Forty-four percent of the government market is not fully prepared to transition to GASB 87 and only 18% of government institutions are at a point where they are considering lease accounting maintenance beyond initial compliance. In addition, nearly one-fourth of government entities are not aware of GASB 96, a looming standard that will impact how governmental organizations report on their Subscription-Based Information Technology Agreements (SBITAs) for fiscal years beginning after June 15, 2022.

“For years, companies may have been able to get away with loosely managing and tracking their leases, but that is no longer the case with new lease accounting standards, which require leased assets to be reflected on the balance sheet,” said Visual Lease’s founder and CEO, Marc Betesh. “In addition to these new standards, the global economic climate is creating additional concerns around implementing proper internal controls and lease management processes.”

Workforce shortages and retention issues are also contributing to private companies and government entities delaying their transition to the new standards. A staggering 93% of private companies and 86% of government organizations say their teams are already stretched thin, making lease accounting even more overwhelming. And nearly 40% of private companies report that avoiding employee burnout is a top concern associated with maintaining proper control over their lease portfolio.

“The silver lining is that the new standards are providing companies with the opportunity to prioritize lease management to not only achieve lease accounting compliance, but also, to make stronger business decisions and better manage risk,” added Betesh.

Risks associated with not implementing a proper lease management strategy include:

• • An unnecessarily complex lease accounting process that relies on manual efforts.
  • A failed annual audit due to incomplete and inaccurate lease data, potentially resulting in increased fees, damaged credibility and diminished credit.
  • The inability to pivot and address new business needs due to a lack of visibility into important lease details.

By implementing a centralized system of record, private companies and government entities have been able to recognize a range of benefits, including automation, reduction of risk, more cost-saving opportunities and a new level of customer service and support. Because of these many advantages, private companies were able to save an average of 600 hours and government entities were able to save an average of 765 hours by using third-party lease accounting software.

To compile the findings in the report, Visual Lease surveyed 200 senior finance and accounting professionals at companies with more than 1,000 employees and 100 U.S. financial management professionals at local, state and federal governmental organizations. Within the research, industry leaders from Visual Lease and other organizations such as RSM, On Q Financial and Indeed, break down common challenges and roadblocks experienced by the private and government markets; how organizations can leverage lease accounting to make faster, smarter decisions; and best practices for accelerating and maintaining lease accounting compliance, while preparing for new guidance, such as GASB 96.

For additional insights, visit The Visual Lease Data Institute.

To access insights on lease accounting and strategic lease portfolio management, subscribe to The Visual Lease Data Institute Podcast.

About The Visual Lease Data Institute

The Visual Lease Data Institute is a collection of market-leading data, trends and insights on lease accounting, management and optimization created and curated by Visual Lease, provider of the #1 lease optimization software. The Institute was founded on 35 years’ experience managing lease data and financials and was created to arm organizations with the knowledge required to achieve and maintain lease accounting compliance and leverage their leases as strategic business assets.

About Visual Lease

Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

The only software provider recognized as a Leader by G2 in Lease Administration and Lease Accounting continues to achieve double-digit annual recurring revenue, customer and employee growth YoY

Woodbridge, NJ – July 20, 2022 — Visual Lease, the #1 lease optimization software provider, today announced strong second quarter results, achieving nearly 30% growth in annual recurring revenue and 40% growth in customer count, year-over-year. Visual Lease is currently used by more than 1,000 organizations to achieve and sustain compliance with FASB, IFRS and GASB lease accounting standards, and simultaneously improve the financial, legal and operational performance of their leases.

“Now more than ever before, organizations of all industries must pay very close attention to their leases,” said Visual Lease President, Robert Michlewicz. “If companies fail to gain control and visibility across their lease portfolios, they could lose significant time, money and credibility – a risk no business is willing to take in today’s climate. The reason that Visual Lease continues to be the partner of choice for private and public companies, as well as government entities, is because our software and services are grounded in 25+ years of experience helping organizations manage, track and report on their leases. As we move into the second half of the year, we’re continuing to make investments to serve our growing community of customers and team members.”

In Q2 2022, Visual Lease:

Software & Services

• Recognized as the only software provider that is a Leader in both the Lease Accounting and Lease Administration categories by G2.
• Improved the performance of major Lease Accounting reports.
• Named a winner of a Bronze Stevie® Award in the Customer Service Department of the Year category in The 20th Annual American Business Awards.

Talent

• Appointed fin-tech veteran, Robert Michlewicz, as President to oversee the company’s Corporate Strategy, Product, Engineering, Marketing, Sales and Customer Service functions.
• Named a Best Place to Work in New Jersey by NJBIZ for the third consecutive year.
• Expanded its Customer Services, Product and Engineering teams in kind with its growing base of customers to ensure that the company continues to drive innovation and provide a customer experience second to none in the category.

Alliance Partners

• Expanded its Alliance Partner program by welcoming Blue Sky Capital Strategies, LLC, Embark With Us, Barre & Company LLC and Brady Ware & Company to its network.
• Announced Grant Thornton will co-present two upcoming ASC 842 Educational Webinar sessions alongside its own lease accounting experts on July 26th and August 24th.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease
Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 1,000+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.

Media Contacts
Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Partnership will empower organizations to accelerate their ability to comply with new lease accounting standards and maximize the value of their commercial real estate assets 

Woodbridge, NJ – October 13, 2021 — Visual Lease, the #1 lease optimization software provider, today announced a partnership with Arazzo Solutions, a specialized professional services firm in the commercial/corporate real estate (CRE) industry. This partnership combines both organizations’ deep expertise in lease administration and lease accounting to provide mutual customers with the ability to achieve and sustain lease accounting compliance while simultaneously unlocking the full value of their lease portfolio.  

“We are thrilled to welcome Arazzo Solutions to the Visual Lease community,” said Marc Betesh, founder and CEO of Visual Lease. “Their level of commitment to their customers and their understanding of the importance of lease accounting mirrors our own values and mission. Together, we’ll equip organizations with the technology, insight and guidance they need to maintain lease accounting compliance and maximize the return on existing and future corporate real estate investments.” 

With this partnership, Arazzo Solutions will offer its clients lease administration and lease accounting services directly powered by Visual Lease’s software. Arazzo Solutions will better help its clients maintain compliance with important lease accounting deadlines and requirements, and provide them with the crucial lease information needed to make stronger operational decisions. 

“We recognize that this is a critical time for organizations to reevaluate their real estate investments,” said Deb Vallo, Principal at Arazzo Solutions. “What many don’t realize is that they can’t make informed decisions about their lease portfolio without full visibility into all of their leases. We’re working with Visual Lease to help companies properly manage, track and visualize their leases so that they can successfully leverage their portfolios as strategic assets.” 

To learn more about Visual Lease’s Alliance Partner program, visit here.  

About Visual Lease  

Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 800+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.   

About Arazzo Solutions 

Arazzo Solutions is a boutique professional services firm focused on the Commercial and Corporate Real Estate (CRE) industry. Our team has a unique combination of expertise in lease administration, lease accounting, project management, and CRE systems analysis and support. We have a strong commitment to putting our clients first and a passion for helping our clients develop industry-standard best practices and improving links between CRE strategies and their organizational culture, creating a strategic fit that brightly highlights the importance of the CRE team within their organization. We also bring an in-depth understanding of CRE business processes and comprehensive knowledge of CRE accounting, including the latest FASB, IASB, and GASB accounting guidelines (FASB ASC 842, IASB IFRS 16, and GASB 87). Visit us at www.arazzosolutions.com 

Media Contacts 
Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com     

Katie Vroom
Gregory FCA
T+1 212 398 9680
kvroom@gregoryfca.com  

Company now helps more than 800 organizations manage upwards of 500,000 leases

Woodbridge, NJ – October 11, 2021 — Visual Lease, the #1 lease optimization software provider, today announced results from the third quarter of 2021, including sustained double-digit annual recurring revenue and customer growth. The company continues to make strategic investments in its product, services, people and infrastructure and is now helping more than 800 organizations achieve lease accounting compliance and improve the financial, legal and operational performance of their leases.

“There’s a huge shift in the way that organizations are looking at their leases,” said founder and CEO of Visual Lease, Marc Betesh. “They are trying to manage evolving work patterns while simultaneously staying compliant with the new lease accounting rules. As companies revisit their leases to address these demands, they’re realizing how much a dedicated solution like Visual Lease can help. By standardizing and centralizing their lease data, organizations are improving lease performance, reducing costs and streamlining their audit processes.”

In Q3 2021, Visual Lease:

Product

• Streamlined its reporting performance, making it easier for users to quickly generate a Journal Entry Summary Report.
• Improved the process around financial entries when importing calculations and transaction values.
• Introduced GASB 87 Complete and ASC 842 Proven Path, which are end-to-end lease accounting solutions and services packages for public sector entities and private companies with fewer than 100 leases.
• Launched The Visual Lease Data Institute, publishing unique data, trends and insights on lease accounting, management and optimization to help inform its product and community of customers and partners.

Talent

• Grew its employee base by more than 25% year-over-year, hiring across a range of departments and levels within the organization.
• Named a Best Place to Work in New Jersey by NJBIZ.

Industry Recognitions

• Ranked in the Top 20% on the Inc. 5000 List for the second consecutive year.
• Named a Top Software Company of 2021 by The Software Report.
• Placed in the Capterra Shortlist for Lease Management, identified as a top lease management tool of 2021.
• Recognized by G2 as a Leader in Lease Accounting and Momentum Leader and High Performer in Lease Administration.

To keep up with announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 800+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.

Media Contacts
Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com

Katie Vroom
Gregory FCA
T+1 212 398 9680
kvroom@gregoryfca.com