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

Technical accounting expert from leading independent audit, tax and advisory firm will join
the VL team to share exclusive insights on lease accounting compliance

Woodbridge, NJ – June 14, 2022 — Visual Lease, the #1 lease optimization software provider, today announced that Lisa Kaestle, Director, Accounting Advisory Services at Grant Thornton, will join its lease accounting experts to co-present two upcoming ASC 842 Planning Sessions. These monthly, virtual events, which Visual Lease has offered since 2021, are designed to help public and private companies understand how to easily achieve and sustain compliance with lease accounting standard ASC 842.

“We are committed to being more than just a technology solution,” said Visual Lease’s founder and CEO, Marc Betesh. “In addition to continuously elevating our software’s capabilities, we are always working to expand our Alliance Partner network to bring increased value to our shared customers. Simultaneously, we offer a regular cadence of complementary, virtual events to provide public and private companies, as well as government entities with the intel they need to master lease accounting compliance. In welcoming Grant Thornton to co-present our upcoming ASC 842 Planning Sessions, we’re merging insights of our Alliance Partner network with our in-house experts to deliver a new level of knowledge-sharing.”

Visual Lease’s monthly ASC 842 Planning Sessions provide attendees with expert tips and industry best practices to accelerate and maintain compliance with ASC 842. Visual Lease and Grant Thornton have partnered together for over 5 years, working to help their shared customers achieve confident lease accounting compliance. To support this ongoing effort, Kaestle will join Joe Fitzgerald, SVP of Lease Market Strategy at Visual Lease, and Matthew Watson, Director of Implementation Services at Visual Lease, for the next two sessions: July 26th and August 24th.

“I’m looking forward to co-presenting these upcoming sessions with the Visual Lease team,” said Kaestle. “At Grant Thornton, we have a very similar mission, which is to help businesses across all industries make stronger financial decisions. Today, many companies do not yet realize how much risk and opportunity are associated with their leases – and that’s just one of the important points we’ll cover in the ASC 842 Planning Sessions.”

For additional details, registration information and updates on opportunities to earn CPE credits, please visit Visual Lease’s events page.

For information on how to work with the Visual Lease and Grant Thornton teams, visit the partnership page.

About Grant Thornton LLP

Grant Thornton LLP (Grant Thornton) is one of America’s largest audit, tax and advisory firms — and the U.S. member firm of the Grant Thornton International Ltd global network. We go beyond the expected to make business more personal and build trust into every result. With revenues of $1.97 billion and 51 offices nationwide, Grant Thornton is a community of more than 9,000 problem solvers who value relationships and are ready to help public and private organizations of all sizes and industries create more confident futures. Because, for us, how we serve matters as much as what we do.

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

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

Industry leader continues to host virtual events to help companies master lease accounting compliance

Woodbridge, NJ – April 12, 2022 —Visual Lease, the #1 lease optimization software provider, announced its schedule for complimentary educational webinars for the second quarter of 2022. The company will continue to share industry best practices informed by more than three decades of helping businesses properly track, manage and now report on their leases under the new lease accounting standards, ASC 842, GASB 87 and IFRS 16.

“Companies continue to underestimate what it takes to achieve and maintain lease accounting compliance,” said Visual Lease’s founder and CEO, Marc Betesh. “We know that having the right technology in place and committing to ongoing education can empower organizations to get ahead of common challenges. Our webinar series – much like our software – is designed to help businesses across all industries alleviate any stress that is associated with their lease accounting process.”

Visual Lease’s Q2 webinar schedule covers the following topics:

• Achieving Compliance
  • How to Avoid Lease Accounting Compliance Risks (April 21^st) – Get ahead of common risks associated with misreporting company information, such as increased audit fees, fines and potential legal ramifications.
  • GASB Monthly Planning Sessions (May 18^th and June 16^th) – Learn how to prepare for and execute the transition to GASB 87 and GASB 96 with supporting automated accounting technology.
  • How to Achieve Confident Lease Accounting Compliance (May 24^th) – Receive guidance from lease accounting experts to ensure that your organization is equipped to succeed in its compliance efforts.

• Sustaining Compliance
  • ASC 842 Monthly Planning Sessions (April 13^th, May 11^th and June 14^th) – Benefit from expert tips and industry best practices to accelerate and maintain compliance with ASC 842.
  • GASB 87 Roundtable Discussion: Anticipating Day 2 Lease Accounting Challenges (April 27^th) – Hear directly from experienced technology and accounting experts about different Day 2 lease accounting considerations, including how to keep up with frequent lease modifications and how to ensure long-term compliance and audit readiness.
  • The Cross-Functional Power of Centralized Lease Data (June 23^rd) – Learn about the wide-ranging business benefits of maintaining lease data in one central location.

For additional details, registration information and updates on opportunities to earn CPE credits, please visit Visual Lease’s events page, which will be regularly updated.

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

Industry leader to host a series of virtual events, sharing valuable insights to help companies master lease accounting compliance 

Woodbridge, NJ – January 11, 2022 —Visual Lease, the #1 lease optimization software provider, announced its schedule for complimentary educational webinars for the first quarter of 2022. The organization will continue to leverage its three decades of lease management and accounting expertise to provide organizations with the information they require to achieve and maintain compliance with lease accounting standards ASC 842, GASB 87 and IFRS 16.  

 “These educational sessions not only provide attendees with lease accounting best practices, but also, with insight into the risks and opportunities associated with their leases.” said Marc Betesh, founder and CEO of Visual Lease. “With looming deadlines and changing requirements, there’s never been a better time for organizations to learn directly from industry experts who have helped inform the very lease accounting standards by which they’re impacted.” 

 Visual Lease’s Q1 webinar schedule covers the following topics: 

• Achieving Confident Compliance

• • ASC 842 Monthly Planning Sessions (January 19th, February 15th and March 15th) – Receive expert tips and industry best practices to accelerate and maintain compliance with ASC 842.  
  • GASB 87 Monthly Planning Sessions (January 19th, February 17th, March 17th) – Learn how to prepare for and execute the transition to GASB 87 with supporting lease accounting technology.   
  • Best Practices for Properly Gathering Lease Data (March 22nd) – Gain an understanding of how to successfully navigate and gather your company’s lease data to ensure lease accounting compliance and audit readiness.  

• Sustaining Compliance 

• • How to Prepare for Common Day 2 Lease Accounting Challenges (February 10th) – Hear directly from experienced technical accountants about different Day 2 lease accounting challenges, including remeasurements, modifications and terminations. 

• Lease Optimization

• • Maximize the Value of your Commercial Real Estate in 2022 (January 20th) – Discover new commercial real estate trends from a recent study by The Visual Lease Data Institute. Learn how to leverage these insights to maximize the value of future leases.    

For additional details, registration information and updates on opportunities to earn CPE credits please visit Visual Lease’s events page, which will be regularly updated.

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 900+ 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