Woodbridge, NJ – July 15, 2021 — Visual Lease, provider of the #1 lease optimization software, has been ranked among the Top 100 Software Companies of 2021 by The Software Report. Visual Lease was the only lease accounting and administration software company to have been included on the list. This recognition comes on the heels of Visual Lease being named a High Performer and Momentum Leader in lease accounting by G2, the world’s leading business software review site.

“We are honored and humbled by this inclusion,” said Visual Lease’s founder and CEO, Marc Betesh. “The software industry is vast and accounts for the some of the most impactful businesses worldwide. After an unprecedented year and a half, I’m proud of all that the team has accomplished, and the caliber of the products and services that we continue to provide to our community of customers. Congratulations to our employee base and fellow award recipients.”

The Software Report evaluated The Top 100 Software Companies of 2021 based on certain criteria, including software product quality, management team caliber and company culture.

Visual Lease was recently honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19^th Annual American Business Awards^® and named a Top Workplace in New Jersey by NJ.com. In 2020, Visual Lease gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America and the top third of high-growth companies on the Deloitte 2020 Technology Fast 500. Visual Lease was also recognized by NJBIZ as one of the Best Places to Work in New Jersey and was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020. Last year marked the third straight year that Visual Lease experienced double-digit growth.

To keep up with all of Visual Lease’s announcements and milestones, visit its newsroom.

About Visual Lease

Visual Lease is the provider of the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Gregory FCA
T+1 212 398 9680
gpickering@gregoryfca.com

Provides a proven and fully supported path to achieve lease accounting compliance with GASB 87 in 50 business days or less

Woodbridge, NJ – July 12, 2021 — Visual Lease,  provider of the #1 lease optimization software, today announced GASB 87 Complete, a full end-to-end lease accounting solution for state and local governments and other public sector entities. GASB 87 Complete provides entities with Visual Lease’s industry-leading lease accounting and management software combined with all-inclusive, multi-tiered customer training and support. With GASB 87 Complete, entities can utilize a robust, fully implemented system in 50 business days or less, without any hidden fees.

“For government and public entities, there is simply no time to waste regarding GASB 87,” said Joe Fitzgerald, SVP of Market Strategy at Visual Lease. “How they manage their lease data and their capacity to produce accurate journal entries will directly impact their ability to meet the standard. Our software and team of experts will get them on a proven path to achieve and maintain compliance – quickly.”

GASB 87 Complete package users will benefit from:

• Industry-leading lease administration capabilities to easily manage critical dates, monitor obligations and track data across their entire lease portfolio.
• Full lease accounting functionality to automatically generate audit-ready journal entries, disclosures and reports.
• Unlimited cross-functional users, all of whom can fully interact with lease data in one centralized system, fueling their ability to reinforce internal processes and create efficiencies.
• Unparalleled support from experienced, dedicated implementation and account managers and ongoing customer support representatives to maximize the value and use of the platform.

“Our solution is informed by more than 35 years of experience managing lease financials,” said founder and CEO, Marc Betesh. “We’ve facilitated hundreds of successful implementations. Our in-house team of experts deeply understand – and even helped structure – the new lease accounting standards. We know what it takes to achieve and maintain compliance, and we’re a trusted partner to countless organizations. Our GASB 87 Complete package is a unique solution that incorporates everything needed by public sector entities.”

To learn more about Visual Lease’s GASB 87 Complete package, visit here.

About Visual Lease

Visual Lease is the provider of the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Gregory FCA
T+1 212 398 9680
gpickering@gregoryfca.com

Woodbridge, NJ – June 29, 2021 — Visual Lease, provider of #1 lease optimization software, has been identified by G2 as a “High Performer” in the Summer 2021 quarter for Lease Administration Software. G2 is the world’s leading business software review site and this High Performer rating was based on Visual Lease’s high levels of customer satisfaction and ratings from real users. G2 also identified Visual Lease as a “Momentum Leader” in its Lease Administration Software Momentum Grid Report, based on a composite score that combines a product’s growth indicators with customer satisfaction ratings.

“We are honored to have been recognized as a high performer and momentum leader in our space,” said Marc Betesh, founder and CEO of Visual Lease. “We’ve seen firsthand the impact that having the right lease management solution can have on an organization’s lease accounting. We’re deeply committed to providing our customers with a solution that brings lease accounting and management together to help maintain compliance and also tighten and elevate the controls around leases.”

G2 reviews included reports of:

• Ease of use –  allowing teams to adopt the software quickly and efficiently.
• Robust capabilities – fully supporting lease administration and accounting requirements and needs.
• Unparalleled support and service –  helping customers to maximize their use of the platform.
• Strong data visualization – providing a clear view of critical lease data, as well as potential risks and areas of opportunity.

“It is the authentic voice of the customer that powers our reports at G2 – ranking B2B software founded on users’ experience in buying, implementing and using it,” said Tom Pringle, Vice President of Research at G2. “We are delighted to highlight the tangible achievements of software solutions ranked on our site as they showcase the voice of the user while delivering valuable, actionable insights to other potential buyers and users.”

Learn more about what users have to say on Visual Lease’s G2 profile.

About Visual Lease

Visual Lease is the provider of the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Gregory FCA
T+1 212 398 9680
gpickering@gregoryfca.com

Woodbridge, NJ – June 22, 2021 — Visual Lease, provider of the #1 lease optimization software, today announced that Guy Zerega has joined the organization as Senior Vice President of Sales, responsible for expanding and supporting their community of more than 700 customers. In his role, he will oversee the company’s sales, business development, alliances and account management functions.

Before Visual Lease, Guy worked at Veriff as Senior Vice President of Revenue where he managed their global sales organization and business expansion. Most recently, he helped the company receive the largest Series B in the identity verification space to date. Prior to his time at Veriff, Guy served as Executive Vice President of Revenue at Stack Overflow where he grew their revenue organization from three to more than 130 people.

“Guy’s entry into our business could not have come at a better time,” said Marc Betesh, founder and CEO of Visual Lease. “Achieving and maintaining lease accounting compliance has become increasingly complex. Guy understands how a solution provider should grow with its industry, always anticipating and meeting the evolving needs of its customers – and that’s what we are committed to.”

In 2020, Visual Lease expanded its leadership team with the appointment of Erinn Tarpey as SVP, Marketing, and Joe Fitzgerald as SVP, Lease Market Strategy.

“I’m energized by Visual Lease’s position in the market,” stated Zerega. “New lease accounting standards ASC 842, GASB 87 and IFRS 16 have awakened financial leaders across all industries. They need the right technology to meet their requirements today and in the future. I look forward to helping Visual Lease continue its trajectory as the partner of choice for lease accounting, management and optimization.”

To learn more about Visual Lease’s leadership team, visit here.

About Visual Lease

Visual Lease is the provider of the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Gregory FCA
T+1 212 398 9680
gpickering@gregoryfca.com

 

Woodbridge, NJ – June 21, 2021 — Visual Lease, provider of the #1 lease optimization software, has been named a Top Workplace in 2021 by NJ.com. This recognition comes on the heels of the company’s third straight year of double-digit growth.

This award is based on employee feedback gathered through a third-party survey, which measured 15 culture drivers that are critical to a company’s success. Organizations were evaluated based on criteria such as their ability to foster alignment, execute on their commitments and stay connected to employees.

“This acknowledgement is particularly important to our organization because it stems from our own employees’ observations,” said Visual Lease’s founder and CEO, Marc Betesh. “We’ve been consistently growing at an accelerated rate and have a tremendous opportunity in front of us – we attribute this to our team. It’s rewarding to know that our commitment to maintaining our culture is recognized.”

Visual Lease was recently honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19^th Annual American Business Awards^®. In 2020, Visual Lease gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America and the top third of high-growth companies on the Deloitte 2020 Technology Fast 500. Visual Lease was also recognized by NJBIZ as one of the Best Places to Work in New Jersey and was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020.

To support its rapid growth, Visual Lease plans to fill many more positions across its organization through the end of 2021. To learn more about the company’s culture and open job opportunities, visit its career site.

About Visual Lease

Visual Lease is the provider of the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Gregory FCA
T+1 212 398 9680
gpickering@gregoryfca.com

In-house team regularly shares valuable insights to help companies gain confidence with their compliance to ASC 842 and GASB 87 

Woodbridge, NJ – May 10, 2021 —Visual Lease, the #1 lease optimization software, now offers complimentary workshops to help organizations achieve and maintain compliance with the new lease accounting standards, ASC 842 and GASB 87. These virtual educational sessions take place monthly and explain  the best ways to handle a lease accounting compliance project, including how to manage the applicable milestones and critical dates. The organization offers separate sessions for US GAAP (ASC 842) and GASB 87, as the timing and requirements are somewhat different. 

These workshops are led by Joe Fitzgerald CPA, SVP of Lease Market Strategy, and Alexandra Betesh, VP of Client Services at Visual Lease. Collectively, both experts have decades of experience helping companies manage their leases and achieve and maintain lease accounting compliance. 

Attendees will learn: 

• The ideal period to begin each phase of lease accounting preparation and how much time to allocate to each step 
• How to incorporate lease management best practices into a lease accounting project to reduce the ongoing work needed to maintain compliance with ASC 842 and GASB 87  
• How to effectively use Visual Lease’s exclusive Lease Accounting Milestone Planner (LAMP) to manage deadlines and access resources to support their project planning 

“Through our community of more than 700 customers, we’ve seen firsthand how important preparation is when it comes to lease accounting compliance,” said Joe Fitzgerald, SVP of Lease Market Strategy at Visual Lease. “Having a clear understanding of the applicable standards’ requirements directly impacts an organization’s ability to achieve and maintain compliance – and, this knowledge can also empower them to unlock value across their portfolio. With these planning sessions, we’re helping companies set themselves up for both initial and long-term compliance, and better leverage their leases as strategic assets in their business.” 

Since the beginning of 2021, nearly 600 financial leaders and lease accounting professionals have attended Visual Lease’s thought leadership events.   

Learn more and register for Visual Lease’s next monthly GASB 87 Planning Workshop (5/20) here.  

About Visual Lease  

Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

 

Woodbridge, NJ – May 4, 2021 — Visual Lease, the #1 lease optimization software, has been honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19^th Annual American Business Awards®. The organization was recognized for its strong company culture and consistent, rapid growth.

“We are honored to have received our first Stevie® Award,” said Visual Lease’s founder and CEO, Marc Betesh. “We recently shared the results from a successful first quarter of 2021 here at Visual Lease, and believe this recognition is a testament to all that we have and will continue to accomplish. Our growing team fuels our ability to continue to help more than 700 of the world’s largest publicly traded and privately-owned companies control their leases and master their lease accounting obligations. And, we’re just getting started.”

In 2020, Visual Lease gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America and the top third of high-growth companies on the Deloitte 2020 Technology Fast 500. Visual Lease was also recognized by NJBIZ as one of the Best Places to Work in New Jersey and was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020. Last year marked the third straight year that Visual Lease experienced double-digit growth.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

To learn more about Visual Lease’s culture and open job opportunities, visit its career site.

About Visual Lease

Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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 the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference.  Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Media Contacts 

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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

Company continues to make strategic investments to help organizations manage, account for and maximize every asset within their lease portfolio

Woodbridge, NJ – April 19, 2021 — Visual Lease, the #1 lease optimization software, today announced results from the first quarter of 2021, which included new product features, resources and branding, as well as recognition for its high level of performance and customer satisfaction. Following its third consecutive year of double-digit revenue growth, Visual Lease is poised for another successful year ahead.

“Lease accounting standards ASC 842, IFRS 16 and GASB 87 have opened financial leaders’ eyes to the risks within their lease portfolios. We’ve anticipated this awakening, and we’ve been planning for it,” said Visual Lease’s founder and CEO, Marc Betesh. “In Q1, we continued to enhance our platform, create and distribute resources and expand our bench of industry experts to provide companies with what they need to not only minimize risk, but to also find opportunities across their lease portfolios.”

In Q1 2021, Visual Lease:

Product

• Enhanced its most frequently used reports (Ad Hoc, Roll-Forward and Disclosure & Lease Accounting Standard Reports), which resulted in a 50% reduction in time for full-year report generation and greater overall performance.
• Released a new Standards Options Report, providing an easy-to-read summary of critical options information, and empowering users to take action based on key details within their portfolio.
• Announced a new Schedule Upload Feature, enabling users to quickly generate abandonment schedules with itemized interest and amortization entries.
• Expanded GASB support, empowering clients to perform a sale-leaseback within the platform, accounting for the sale and subsequent leasing of a previously owned asset.

Brand

• Unveiled its new branding, elevating its look and feel to mirror its ingenuity, passion and commitment to helping companies achieve confident lease accounting compliance with ease and unlock business opportunities within their lease portfolios.

Thought Leadership

• Launched its Lease Accounting  Solution Transition (LAST) Planner^TM, an interactive and easy-to-use tool that provides organizations with a custom plan to facilitate their move from one lease accounting platform to another.
• Introduced its Lease Accounting Milestone Planner (LAMP)^TM webinar series, providing companies with unique insight and resources to help them successfully plan out and schedule the steps needed to transition to ASC 842 and GASB 87.
• Welcomed a new Senior Technical Accountant, Rosemary Courtney, CPA. Having served as a financial leader for public, private and not-for-profit companies, Rosemary brings deep expertise to the team, which she will use to help Visual Lease continue to innovate and expand its offerings.
• Announced its Consult an Expert program, providing organizations with direct access to Visual Lease’s deep bench of accounting professionals and lease specialists.

Industry Recognitions

• Continued to grow its Partner Alliance network, joining forces with industry-leading organizations to deliver increased value to shared customers:
  • Expanded existing relationship with RSM US LLP to now include a managed services offering.
  • Welcomed CFGI, the nation’s largest non-audit accounting advisory firm, to its Partner Alliance network.
  • Solidified its partnership with Solomon Edwards Group (SEG), a national professional services firm focused on strategy execution.
• Named High Performer and Momentum Leader for Spring 2021 by G2:

“Visual Lease has been identified as a High Performer based on its high levels of customer satisfaction and quality of support ratings from real software users on G2, the world’s leading B2B software review platform. These reviews largely come from enterprise customers that Visual Lease serves,” said Dominick Duda, G2 Research Analyst. “Visual Lease’s high performance on the Spring 2021 Grid® Report for Lease Administration is a testament to both their product’s performance and the team behind their product. This position is powered by the authentic voice of the customer, captured in the verified user reviews of solutions in G2’s Lease Administration Software category.”

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

About Visual Lease

Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

 

Research uncovers how the pandemic has impacted landlords and tenants, and trends to expect within the commercial real estate market 

Woodbridge, NJ – January 25, 2020 —Visual Lease, the #1 lease optimization software, published its lease market trends report, which explores how the leasing industry has changed as a result of COVID-19. In 2020, the pandemic affected nearly every business, but had a particularly notable impact on the commercial real estate market. Rent disputes, lease abandonments, and, in some cases, court battles carried on throughout the year, impacting landlords and tenants across the globe. Although the future remains uncertain, there are many signs of recovery for the commercial real estate space. 

In the report titled “2021 Lease Lifecycle Management Trends Report: Identifying Insights into How the COVID-19 Pandemic Affected Landlords and Tenants,” Visual Lease explores how its customers have fared since the pandemic began, and how they are managing their businesses in 2021. Survey respondents spanned across several industries, including retail, manufacturing, technology and healthcare, among others.  

Key survey findings include:

• Roughly three in five (59%) companies reported a loss in revenue since the start of the COVID-19 outbreak in March 2020 
• 80% of respondents expect the financial impact of COVID-19 on their business to be short-term – over half (54%) of respondents expect to recover in less than a year, while 26% say they have already recovered 
• Of the companies surveyed, 50% received monetary relief to combat the challenges associated with COVID-19 
• 38% of respondents reported that COVID-19 related terminations have impacted the number of lease agreements under management   
• More than 1/3 (39%) of respondents had no plans to downsize office space while 18% already had done it – 37% were considering/planning for it 
• 16% of those surveyed said they were open to co-working spaces vs. large facilities for office space 

“In 2020, we saw more shifts in the commercial real estate industry than ever before. Companies had to adjust their business strategies to accommodate employees, government mandates and the changing economy, which led to new challenges and an acceleration of trends that we were seeing pre-pandemic,” said Marc Betesh, CEO of Visual Lease. “In 2021, the impact of COVID-19 will still be a factor for many organizations. However, we are optimistic that this year, the industry will continue to find innovative ways to adapt to the new landscape.”  

For more information about the report and to view the eBook, click here.

To learn more about key findings from the report and how lease optimization can unlock financial opportunities, join Visual Lease for a webinar on Tuesday, February 23, at 12:30 p.m. ET. To register, click here.  

About Visual Lease

Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

Company grows its customer base by 21% and revenue by 22% YoY, emerges as the market’s leading lease optimization software

Woodbridge, NJ – January 19, 2020 — Visual Lease, the #1 lease optimization software, today announced its 2020 business results, citing a 22 percent increase in revenue year-over-year, making it the third straight year that Visual Lease experienced double-digit growth. Along with an increase in revenue, Visual Lease reported a 21 percent increase in its customer base.

“Today, companies are focusing on both the substantial risks and the opportunities in their lease portfolios,” said Visual Lease’s founder and CEO, Marc Betesh. “This shift is not only in response to mandatory lease accounting compliance deadlines, but also in reaction to the impacts of COVID-19. Our continued growth and innovation are a testament to our ability to help businesses achieve compliance, streamline key processes, generate financial savings and most importantly, optimize their lease portfolios to help meet their business goals.”

Visual Lease’s 2020 milestones include:

• Launched its Integrations Hub, empowering users to streamline workflows across systems and securely leverage lease data using auditable file transfers and flexible APIs.
• Introduced Approvals, an internal preventative control feature, enabling users to asynchronously manage and monitor changes to critical lease information data.
• Released the Roll Forward Report, a one-click report that provides users with a deeper level of supporting evidence for reconciliation efforts.
• Established strategic partnerships across the accounting, real estate and technology sectors, growing its Partner Alliance Program by more than 100 percent since 2019.
• Migrated its system to Amazon Web Services (AWS), providing users with unmatched network performance.
• Unveiled VL University, supplying customers with a dedicated virtual training center to maximize their use of the platform.
• Recognized within the top 10 percent on the 5000 list of fastest-growing companies in America and the top third of high-growth companies on the Deloitte 2020 Technology Fast 500. Designated No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies and recognized by NJBIZ as one of the Best Places to Work in New Jersey.
• Named Most Recommended for Lease Accounting Software by Capterra and a High-Performer by G2.

Visual Lease’s plans for 2021 include:

• Introducing new product features to further enable customers to take control of their lease portfolios while successfully achieving compliance with GAAP, GASB and IFRS standards.
• Considerably increasing its workforce, hiring top talent to deliver on its commitment to customers and partners.
• Investing in its Integrations Hub, facilitating the ability for users to utilize third-party solutions and leverage lease data from across their business via one centralized location.
• Expanding strategic partnerships with key organizations, growing its Partner Alliance Program.

“This year, lease compliance is front and center for more than 125,000 companies in the U.S.,” said Joe Fitzgerald, SVP of Lease Marketing Strategy at Visual Lease. “With our expertise, software and service, we’re poised to help these organizations achieve so much more than compliance. Together, we can unlock opportunities to not only support their business needs today, but to create the foundation required for more strategic management of these leased assets in the future.”

To check out new announcements from Visual Lease, visit its newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. 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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

 

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Woodbridge, NJ – December 17, 2020 — Visual Lease, the leader in lease accounting and management software, today announced the company was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020. This recognition highlights Visual Lease’s rapid growth and commitment to its strong culture.

The awards program honors New Jersey’s most dynamic companies that contribute to the state’s economic growth and stability. Visual Lease’s revenue nearly quadrupled from 2017 to 2019, and to support its ongoing expansion, the organization has grown its headcount by 325 percent in over the last three years.

“We are incredibly honored and humbled to be named among the fastest-growing companies in New Jersey,” stated Visual Lease Founder and CEO, Marc Betesh. “Visual Lease’s debut on this list can be attributed to our industry-leading lease optimization software and unparalleled customer experience. Our 98% customer retention rate is undoubtedly powered by a dedicated and growing team, and I look forward to what we will continue to accomplish together.”

To qualify for this award, companies must have reported revenue of at least $500,000 each year from 2017 to 2019.

Earlier this year, Visual Lease gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America and the top third of high-growth companies on the Deloitte 2020 Technology Fast 500. Visual Lease was also recognized by NJBIZ as one of the Best Places to Work in New Jersey. Since 2016, Visual Lease has grown its employee base by more than 1,000 percent and has plans to increase headcount by an additional 50% in 2021.

To learn more about Visual Lease’s culture and open job opportunities, visit its career site.  

About Visual Lease

Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more. The company’s SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration. Over 700 of the largest publicly traded and privately-owned corporations, retailers, hospitals and institutions around the globe rely on Visual Lease’s cloud-based SaaS platform to meet operational and compliance requirements. For more information, please visit visuallease.com.

Media Contacts 

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

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

Innovative product enhancement makes it faster, easier and more scalable for companies to activate their system integrations 

Woodbridge, NJ – December 9, 2020 — Visual Lease, the leader in lease accounting and management software, today announced the launch of its Integrations Hub, offering flexible, open platform access to third-party applications. The company unveiled its comprehensive product capabilities during a virtual launch event on December 8th. 

The Visual Lease Integrations Hub enables users to automate the exchange of data across ERPs, Business Intelligence (BI) tools and other systems of record to streamline the delivery critical, time-sensitive business insights. The solution also empowers developers, providing open access to powerful, pre-built system connections and a dashboard to monitor integration performance in real time.  

The Integrations Hub includes: 

Integrations Dashboard 

• Real-time visual data feeds that provide system administrators and developers with the ability to monitor potential issues and catch and correct them proactively, ensuring data integrity and end-user efficiency 

Managed File Transfers  

• System administrators can easily set up automated import and export processes with an Outlook-like scheduling tool 

• Users can achieve end-to-end compliance by getting the complete import/export history with supporting file documentation, providing a complete audit trail 

API Developer Portal 

• Developers can quickly gain access to the tools and information they need to explore, test and consume APIs 
• Includes a library of pre-built REST APIs that enable real-time connection of lease data with ERPs and other critical systems 

“Visual Lease has developed innovative, next-generation integration capabilities that will redefine the way companies use lease information to make business decisions. Leases contain critical, complex information. With the right solution, companies can leverage information about their leased properties and equipment to unlock financial opportunities,” said Martin Murtland, VP of Product at Visual Lease. “We recognize there is no one-size-fits-all use of lease information, so the Integrations Hub was designed to provide options for accountants, lease administrators and developers that are the best fit for their unique business needs.” 

Visual Lease customer and leading real estate services company, Newmark, shared its experience using the Integrations Hub to connect lease data to its Business Intelligence tool, NavigatorCRE. “Visual Lease’s powerful integration capabilities made it possible for us to easily overlay key lease information with other relevant portfolio data. Having dynamic lease data accurately displayed alongside Occupancy, Operations, and Capital Projects KPIs allows us to help our clients make data-driven portfolio decisions,” stated Carla Hinson, Executive Managing Director, Global Technology at Newmark, during the virtual launch event. 

“Most companies lack the necessary visibility into their leases to understand their obligations and options to make agile decisions as their businesses grow – or need to respond to unforeseen circumstances,” said Marc Betesh, Founder and CEO of Visual Lease. “Visual Lease is redefining the lease software industry – and removing data silos across operations, real estate and accounting teams.” 

For more information on the Visual Lease Integrations Hub, you can view the recording of the 12/8 live launch event here. 

About Visual Lease

Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more. The company’s SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration. Over 700 of the largest publicly traded and privately-owned corporations, retailers, hospitals and institutions around the globe rely on Visual Lease’s cloud-based SaaS platform to meet operational and compliance requirements. For more information, please visit visuallease.com.

Media Contacts
Jennifer Garcia
Visual Lease
T+1 732 596 8110
jgarcia@visuallease.com

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com

Expansive demand for robust lease accounting and management solutions drives 1,193% revenue growth over a three-year period

Woodbridge, NJ – November 18, 2020 — Visual Lease, the leader in lease accounting and management software, today announced that the company ranked 167 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing public and private technology, media, telecommunications, life sciences and energy tech companies in North America. Visual Lease revenue grew by 1,193% over a three-year period, from 2016 to 2019.

Marc Betesh, CEO and Founder of Visual Lease, credits the company’s industry-leading technology, 98 percent customer retention rate and the market demand for lease accounting compliance for its impressive revenue growth.

“Being named one of Deloitte’s fastest-growing companies is a testament to our dedication to providing an exceptional customer experience,” stated Betesh. “Visual Lease offers robust lease accounting capabilities that are unmatched within the industry. I’m proud of our team who has worked so hard to deliver solutions and services that address the need to manage and account for critical lease information.”

Deloitte’s Technology Fast 500 list selects winners based on percentage fiscal year revenue growth from 2016 to 2019.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

Earlier this year, Visual Lease’s explosive growth gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America. Since 2016, Visual Lease has grown its employee base by more than 1,000 percent and has plans to introduce new roles in 2021.

About Visual Lease

Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more. The company’s SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration. Over 700 of the largest publicly traded and privately-owned corporations, retailers, hospitals and institutions around the globe rely on Visual Lease’s cloud-based SaaS platform to meet operational and compliance requirements. For more information, please visit visuallease.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Media Contacts
Jennifer Garcia
Visual Lease
T+1 732 596 8110
jgarcia@visuallease.com

Geena Pickering
Affect
T+1 212 398 9680
gpickering@affect.com