Visual Lease’s latest platform extension continues to gain industry recognition for helping organizations track and report on environmental impact data in accordance with all major frameworks and regulations

Woodbridge, NJ – April 25, 2024 — Visual Lease (VL), the #1 lease optimization software provider, today announced that VL ESG Steward was named the winner of a Bronze Stevie® Award in the Compliance Solution category in The 22nd Annual American Business Awards®.

VL ESG Steward is the first tool of its kind within the lease management and accounting space. The software 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. VL ESG Steward tracks a wide variety of environmental factors across an organization’s portfolio of leased and owned assets, including energy consumption, water usage, waste management and more, and automatically converts it into the standardized measurement of choice.

“As regulations continue to evolve across the U.S. and abroad toward standardizing environmental reporting, companies are prioritizing their lease and owned asset portfolio to gain visibility into a key measurement – their current carbon footprint,” said Robert Michlewicz, CEO of Visual Lease. “VL ESG Steward extends the value of our industry-leading lease management platform, providing our customers with confidence in their lease data so that they can establish related benchmarks, reach corporate sustainability goals and ensure regulatory compliance.”

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.

“We appreciate receiving this recognition from The 22nd Annual American Business Awards® for our innovative approach to a new and rapidly evolving business priority,” Michlewicz added. “VL remains committed to helping businesses successfully navigate the regulatory landscape while creating financial and operational value. VL ESG Steward is our next step in satisfying the growing demand for accurate environmental data among investors, consumers and employees alike.”

In February 2024, VL ESG Steward was lauded as a Top New Product in 2024 by Accounting Today. 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.

VL ESG Steward will also be part of the People’s Choice Stevie Awards for Favorite New Product in the Compliance Solution category. To vote for VL ESG Steward, visit https://peopleschoice.stevieawards.com/.  Public voting ends Friday, May 24.

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

About the Stevie Awards

Stevie Awards are conferred in nine 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, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. 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 www.StevieAwards.com.

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

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 achieves its fifth consecutive year of double-digit annual recurring revenue and customer growth

Woodbridge, NJ – January 19, 2023 — Visual Lease, the #1 lease optimization software provider, today announced its results from 2022, reporting double-digit annual recurring revenue and customer percentage growth for five consecutive years. The organization now empowers more than 1,000 companies worldwide to sustain compliance with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial and operational performance of their leases.

“In 2022, we expanded our mission to help businesses leverage their lease portfolios as strategic assets,” said Visual Lease’s CEO, Robert Michlewicz. “By investing in key areas of our product and team, we further enhanced our solutions and services to best support companies during the next leg of their leasing journey. In partnering with Visual Lease, companies across all industries have the ability to easily sustain lease accounting compliance while establishing key controls to leverage their lease data in making strategic business decisions.”

“In today’s economic environment, it is critical companies tap into the power of strong lease management and accounting solutions to remain agile,” said Visual Lease’s CPO, Amie Durr. “This can only be achieved when they partner with a solution provider that truly understands the different needs of all the teams that interact with lease data – Real Estate, Finance, Accounts Payable, Legal, Procurement, etc. – something that only Visual Lease is built to facilitate.”

Visual Lease’s key accomplishments from 2022 include:

Software & Service:

• Introduced variable period calendars, including 4-4-5, 4-5-4, 5-4-4, 13-period and daily period calculations to better support organizations in retail and other sectors with lease accounting, controls and reporting under ASC 842 and IFRS 16.
• Released enhanced Fund Accounting functionality, providing Visual Lease users in the government sector with the ability to easily track and record lease transactions on a modified accrual basis for fund accounting and a full accrual basis for government-wide reporting.
• Provided an updated user interface to its robust yet intuitive platform.
• Named a winner of a Bronze Stevie® Award in the Customer Service Department of the Year category in The 20th Annual American Business Awards.
• Earned industry recognition as the leading provider of lease administration and lease accounting software:
  • Received a 2022 PropTech Breakthrough Award for Overall Lease Management Company of the Year.
  • Named a finalist of The 2022 SaaS Awards for the Best SaaS Product for Business Accounting or Finance.
  • Maintained its position as a Leader in both the Lease Administration and Lease Accounting categories on G2 throughout 2022.

Growth:

• Hosted its first in-person Customer Advisory Board Summit, a two-day event, where customers gathered to discuss the future of lease accounting, administration and optimization and how Visual Lease is uniquely supporting this evolution. During the event, the company announced the winners of its annual Visual Lease Customer Excellence Awards: American Axle & Manufacturing, CURO Financial, Hearst Communications, Huntington National Bank, Indeed, MDU Construction and Penn State Health.
• Included in the 5000 list of fastest-growing private companies in America for the third consecutive year, named among the top 100 fastest-growing private companies in New Jersey and the 259th fastest-growing private company in the New York City area.
• Established an AWS data center in Frankfurt, Germany, enabling EU-based clients to benefit from stronger performance, newer services and features, as well as automatic compliance with residency and regulatory laws regarding their data.

Strategic Hires:

• Announced Fin-Tech leadership veteran Robert Michlewicz as CEO, and Marc Betesh, the founder and former CEO, as Executive Chairman – a transition in management structure that has further accelerated the organization’s growth.
• Announced Alex Betesh as its first Chief Customer Officer, focused on accelerating and deepening Visual Lease’s ability to translate customer feedback into meaningful enhancements to its products, services and strategic alliances.
• Promoted Amie Durr to the company’s first Chief Product Officer position, responsible for overseeing the organization’s Product and Engineering teams to ensure continued product innovation with even greater speed to market.
• Welcomed Dan VanVeelen as its Chief Revenue Officer, responsible for executing corporate strategic plans that drive continued, accelerated growth and market-leading client satisfaction.
• Expanded its Sales, 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.

Brand Recognition:

• Named a Best Place to Work in New Jersey by NJBIZ for the third consecutive year and ranked among the top third of medium-sized companies (50 – 249 employees), moving up 15 positions in its ranking on the list, year-over-year.
• Received a Silver Stevie Award for Great Employers in the Employer of the Year in the Computer Software category.
• Unveiled a new report from The Visual Lease Data Institute, The 2022 Lease Market Analysis: Lease Accounting Readiness, which explores common lease accounting challenges and roadblocks experienced by private companies and government entities. Findings from the research have been featured in Wall Street Journal’s CFO Journal newsletter, CPA Practice Advisor, Globe St., Accounting Today and more.

Alliance Partners:

• Launched the Visual Lease Partner Marketplace, a section of its corporate website dedicated to connecting current and potential customers with its trusted network of Alliance Partners for access to top-tier support, including assistance with lease abstraction, consulting, data management, lease audit prep, portfolio reporting and analytics and more.
• Announced its Premium Implementation Partner program to help companies master their lease administration and accounting software implementation by providing access to leading accounting and advisory firms when implementing Visual Lease’s solutions.
• Further expanded its Alliance Partner program with premium accounting firms and services companies including Barre & Company LLC, Blue Sky Capital Strategies, LLC, Brady Ware & Company, Embark With Us, ERE, F.H. Black & Company, Vaco and Withum.
• Co-presented ASC 842 educational webinar sessions with Grant Thornton: ASC 842 Adoption: Avoiding the Pitfalls and How to Prepare for ASC 842 Adoption.

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+1 732 770 2270
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     

Leading provider of lease accounting, administration and optimization software continues to make strategic investments to elevate its technology, services and team

Woodbridge, NJ – October 13, 2022 — Visual Lease, the #1 lease optimization software provider, today announced strong third quarter results, achieving sustained, double-digit growth in annual recurring revenue year over year and a record number of new customers acquired. Visual Lease is currently used by more than 1,000 public and private companies, as well as government entities, to become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases.

“As companies set their strategies for 2023, many are laser-focused on finding ways to reduce risk, cut costs and improve internal controls,” said Visual Lease CEO, Robert Michlewicz. “We’re committed to being the solution provider that uniquely helps organizations accomplish those mission-critical goals through their lease accounting and administration processes while setting them up for long-term success.”

In Q3 2022, Visual Lease:

Software, Service & Growth

• Provided early access for select clients to a modernized user interface to validate the performance and usability enhancements made to its robust yet intuitive platform. The updated UI release will be available to all users later this month.
• Released Enhanced Fund Accounting functionality, providing VL users in the government sector the ability to easily track and record lease transactions on a modified accrual basis for fund accounting and a full accrual basis for government-wide reporting.
• Earned additional industry recognition as the leading provider of lease administration and lease accounting software:
  • Received a 2022 PropTech Breakthrough Award for Overall Lease Management Company of the Year.
  • Named a finalist of The 2022 SaaS Awardsfor the Best SaaS Product for Business Accounting or Finance.
  • Maintained its position as a Leader in both the Lease Administration and Lease Accounting categories on G2.
• Included in the Inc. 5000 list of fastest-growing private companies in America for the third consecutive year, named among the top 100 fastest-growing private companies in New Jersey and the 259th fastest-growing private company in the New York City area.

Strategic Hires

• Announced Robert Michlewicz as CEO, and Marc Betesh, the founder and former CEO, as Executive Chairman – a transition in management structure that will further accelerate the organization’s growth.
• Appointed Amie Durr as Senior Vice President of Product, responsible for ensuring that Visual Lease continues to support organizations’ evolving business needs by strengthening their lease accounting and administration processes while expanding its integration capabilities.

Brand Recognition

• Unveiled its newest report from The Visual Lease Data Institute, The 2022 Lease Market Analysis: Lease Accounting Readiness, which explores common lease accounting challenges and roadblocks experienced by the two largest markets that are moving to adopt the new accounting standards: private companies and government entities. Findings from the research have been featured in Wall Street Journal’s CFO Journal newsletter, CPA Practice Advisor, Globe St., Accounting Today and more.
• Received a Silver Stevie Award for Great Employers in the Employer of the Year in the Computer Software category.
• Named a Best Place to Work in NJ by NJBIZ for the third consecutive year and ranked amidst the top third of medium-sized companies (50 – 249 employees), moving up 15 positions in its ranking on the list, year-over-year.

Alliance Partners

• Achieved double-digit, year-over-year growth in Alliance-driven annual recurring revenue through key initiatives, including:
  • Expanded Alliance Partner program by welcoming ERE and others to its network of partners.
  • Further strengthened its existing relationship with Blue Sky to include a managed services agreement.
  • Hosted thought leadership webinars with partners Grant Thornton and RSM US LLP.
• Launched the Visual Lease Partner Marketplace, a section of its corporate website dedicated to connecting current and potential customers with its trusted network of Alliance Partners for access to top-tier support, including assistance with lease abstraction, data management, lease audit prep, portfolio reporting and analytics and more.

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

To learn more about a career at Visual Lease, visit the 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

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

Woodbridge, NJ – October 5, 2022 — Visual Lease, the #1 lease optimization software provider, today announced its first Chief Customer Officer, Alexandra Betesh. Having most recently served as the company’s SVP of Corporate Strategy, Betesh brings nearly a decade of customer service experience to this new position. The introduction of this C-level office will accelerate and deepen Visual Lease’s ability to translate customer feedback into meaningful enhancements to its products, services and strategic alliances.

“Visual Lease is on a strong growth trajectory. As we continue to expand our customer base, we need to devote extra effort to listening to our customers and making sure their voice is heard and articulated across our business,” said Visual Lease CEO, Robert Michlewicz. “Alex is the ideal candidate for this important new leadership role. She has deep domain experience designing and delivering customer-facing services, a wealth of product knowledge and is extremely passionate about the Visual Lease customer experience. Most importantly, our customers will benefit by having a C-level leader dedicated to increasing the value they get from their partnership with Visual Lease.”

In this new role, Betesh will draw upon her experience having built and scaled Visual Lease’s Client Services department to ensure that VL customers are effectively represented across all areas of the company. With this transition, Visual Lease’s Customer Success teams will report to Betesh to ensure they are working together to represent and support VL users.

“Visual Lease has a very diverse and expansive customer base. In this new role, I will drive deeper engagements with them so they can ideate and evolve with us. With changing market conditions, there is a great need for customers to reduce risk, cut costs, improve operational efficiency and better align their leases with their corporate goals—while maintaining lease accounting compliance. My team and I will amplify their needs and perspectives throughout our organization to ensure customers get the greatest value from Visual Lease.” Betesh stated.

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 Contact

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

Organization included on The Inc. 5000 List for third consecutive year, also receiving a 2022 PropTech Breakthrough Award, 2022 SaaS Award and 2022 Stevie Award for Employer of the Year

Woodbridge, N.J. – August 25, 2022 — Visual Lease, the #1 lease optimization software provider, today announced several high-profile recognitions that underscore its position as a unique and innovative financial technology solution provider and employer. Shortly after being the only software provider named a Leader in Lease Accounting and Lease Administration by G2, Visual Lease received a 2022 PropTech Breakthrough Award for Overall Lease Management Company of the Year and was also named a finalist by The 2022 SaaS Awards for the Best SaaS Product for Business Accounting or Finance.

“There are solutions that specifically cater to initial compliance needs and then there’s Visual Lease,” said Visual Lease’s CEO, Robert Michlewicz. “We supply a unique and proven technology that combines the power of proper lease administration with precise lease accounting to empower easy and sustained compliance, while simultaneously enabling companies to minimize the risks and maximize the benefits associated with their lease portfolios. We’re honored to continue to receive recognition that highlights why more than 1,000 companies across the globe have partnered with Visual Lease.”

Visual Lease was also included in the Inc. 5000 list of fastest-growing private companies in America for the third consecutive year, named among the top 100 fastest-growing private companies in New Jersey and the 259th fastest-growing private company in the New York City area.

The organization also received a Silver Stevie Award for Great Employers in the Employer of the Year in the Computer Software category. Other leading organizations in this category included Lever, The Trade Desk, ValueLabs LLP and Rocket Software.

“Our ability to continuously enhance our product and services is fueled by our best-in-class team,” said Pamela Cosmillo, Director of Human Resources at Visual Lease. “As we continue to advance in our journey as a remote-first company, we are dedicated to maintaining our strong and inclusive work environment through robust benefits, unique programs and a focus on career development and advancement across all of our departments.”

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

To learn more about open positions 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

Woodbridge, N.J. – August 8, 2022 — Visual Lease, the #1 lease optimization software provider, today announced the appointment of Amie Durr as Senior Vice President of Product. In her role, Amie will lead and enable product innovation, ensuring that Visual Lease continues to support organizations’ evolving business needs by strengthening their lease accounting and administration processes while expanding its integration capabilities. This addition to Visual Lease’s executive team marks the first strategic leadership hire made by newly appointed CEO, Robert Michlewicz.

“At Visual Lease, we are committed to providing organizations with the most comprehensive platform, expert services and robust partner community to master lease accounting compliance while achieving visibility, insights and expanded controls over their lease portfolios,” said Visual Lease’s CEO, Robert Michlewicz. “Amie has the experience, customer-first approach, passion and innovative outlook that will ensure we continue to deliver against our commitment, while simultaneously scaling with our growing customer base.”

Prior to joining Visual Lease, Amie was the Vice President of Product Management at SparkPost, where she was responsible for products delivering nearly 40% of all commercial email. Her leadership in product innovation, strategic planning, team development and execution was integral to SparkPost’s success and ability to integrate into its customers’ complex environments. Amie’s contributions were a driving force behind MessageBird’s acquisition of SparkPost for $600M in 2021.

“I am thrilled to join the Visual Lease team,” said Amie. “I believe tech companies should champion the voice of both the customer and the market, which is a big reason why I decided to join VL. This company does a tremendous job of helping organizations address today’s business needs while anticipating future demands. I look forward to working alongside Robert and the rest of the leadership team to further elevate the value that we are bringing to our customers and strategic partners.”

This addition to Visual Lease’s leadership team comes on the heels of a strong second quarter for the organization, during which it achieved nearly 30% growth in annual recurring revenue and 40% growth in customer count, year-over-year.

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

Woodbridge, NJ – August 1, 2022 — Visual Lease, the #1 lease optimization software provider, today announced that Robert Michlewicz has been named CEO. Marc Betesh, the founder and current CEO, will now serve as Executive Chairman. The transition in management structure will accelerate Visual Lease’s growth and ensure it remains the premier solution provider for lease accounting, administration and optimization.

“Robert has demonstrated that he has the experience, insight and market knowledge to scale our business to new heights,” said Visual Lease’s founder and CEO, Marc Betesh. “I started Visual Lease in 1996 to provide an easy way for companies to have visibility into their leases, because I saw firsthand how even the slightest misstep in managing a lease can disrupt operations and cost millions.  The lack of controls around the second-largest expense always baffled me. Now that the new lease accounting standards have brought leases onto the balance sheet, they are under intense scrutiny by finance and accounting departments everywhere.  I am thrilled to pass the torch to a leader that has extensive experience in the financial accounting software space. Robert will help us innovate, expand and grow our offering to provide even more value to our customers.”

New accounting standards and complex business priorities, including inflation, talent shortages and the ongoing struggle to adjust in a newly post-pandemic world have brought lease management and accounting to the forefront for businesses, but there is still much to accomplish in the space. According to the most recent report from The Visual Lease Data Institute, The 2022 Lease Market Analysis: Lease Accounting Readiness, despite leases typically making up a large portion of an organization’s budget, nearly three-quarters (71%) of private companies cannot say with confidence how much their leases cost their business.

“It’s an exciting time to be at Visual Lease, which was recently recognized as the market leader for both lease administration and accounting software,” said Robert Michlewicz. “I am energized to expand Visual Lease’s value to our global customers by empowering them in meeting their needs within the office of finance while optimizing the operational effectiveness of their lease portfolios.”

Michlewicz, who recently joined Visual Lease as President, has more than two decades of experience in the financial technology sector, driving operational excellence in several high-growth companies. Most recently, he was Chief Strategy Officer at Trintech, a leading provider of global Financial Corporate Performance Management (FCPM) software. During his nearly 11 years there, the company maintained double-digital annual recurring revenue (ARR) growth, year-over-year. Prior to Trintech, Michlewicz was the Regional President for Bowne & Co. (former NYSE), the largest global disclosure management firm and was President of Chas. P. Young Co., where his company played a vital role in newly expanded SEC regulatory compliance reporting.

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 Contact

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

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

Marc Betesh is the founder and CEO of Visual Lease, the #1 lease optimization software provider, and KBA Lease Services, the nation’s leading lease audit firm. Betesh helped shape the current lease accounting standards in the industry and is a thought leader on ASC 842, GASB 87, and IFRS 16. Betesh is regarded as “top-rated faculty” at CoreNet Global Learning and has lectured on lease topics at New York University’s Real Estate Institute, American Bar Association, Association of the Bar of the City of New York, Practicing Law Institute, ICSC, Lorman Education Services and the Institute of Internal Auditors. He is also an active member of the New York and New Jersey Bars.

Carrie Summerlin Named FICPA’s New Chief Growth & Innovation Officer

The Florida Institute of Certified Public Accountants (FICPA) recently announced that Carrie Summerlin has been named the Institute’s new Chief Growth and Innovation Officer. She will officially join the FICPA on Monday, May 16.

Woodbridge, NJ – June 1, 2022 — Visual Lease, the #1 lease optimization software provider, today announced that Robert Michlewicz has been named President. In his role, Michlewicz will oversee the company’s Corporate Strategy, Product, Engineering, Marketing, Sales and Customer Service functions.

Michlewicz has more than two decades of experience in the financial technology sector, driving operational excellence in several high-growth companies. Most recently, he was Chief Strategy Officer at Trintech, a leading provider of global Financial Corporate Performance Management (FCPM) software. During his nearly 11 years there, the company maintained double-digital annual recurring revenue (ARR) growth, year-over-year. Prior to Trintech, Michlewicz was the Regional President for Bowne & Co. (former NYSE) the largest global disclosure management firm and was President of Chas. P. Young Co., where his company played a vital role in newly expanded SEC regulatory compliance reporting.

“We are thrilled to welcome Robert to our business,” said Visual Lease’s founder and CEO, Marc Betesh. “In Q1, we reported an increase of nearly 40% in both customer and employee count, year-over-year. We know that with Robert’s expertise and experience, we can expect to continue on this growth trajectory, while providing our growing community of customers with the software and services they need to achieve and sustain confident lease accounting compliance.”

“Given just how important leases have become to organizations across all sizes and industries, Visual Lease has an abundant opportunity for growth,” said Michlewicz. “I’m confident in our product and our team and that Visual Lease will continue its upward path as the premier option for lease accounting, management and optimization.”

“As Visual Lease continues to drive significant growth, it is the perfect time for Robert to join the organization,” said Paul Byrne, CEO and President at Zai and a current member of Visual Lease’s Board of Directors. “I have worked alongside Robert and am acutely familiar with his ability to successfully grow and scale businesses by building and leading high-performing teams that consistently exceed company objectives.”

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

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

Company achieves double-digit YoY annual recurring revenue, customer and employee growth

Woodbridge, NJ – April 18, 2022 — Visual Lease, the #1 lease optimization software provider, today announced results from Q1 2022, reporting an increase of nearly 40% in both customer and employee count, year-over-year. The company also announced an increase of nearly 30% in annual recurring revenue year-over-year, continuing its path of sustained double-digit growth. Today, Visual Lease helps more than 1,000 public and private companies, as well as government entities, with lease accounting compliance and the financial, legal and operational performance of their leased assets.

“With the introduction of the new lease accounting standards – IFRS 16, ASC 842 and GASB 87 – the stakes are much higher for organizations that do not have a sustainable way to effectively manage and track their leases,” said founder and CEO, Marc Betesh. “Because we’ve spent more than three decades helping companies manage their lease portfolios, we know exactly what is required to avoid the consequences of misrepresenting lease data during an audit. We provide the software, services and subject matter expertise that make achieving and maintaining lease accounting compliance one less thing that accountants and financial managers have to worry about. With Visual Lease, organizations will also benefit from a friction-free annual audit, in addition to greater visibility across their portfolios as their leases continue to evolve.”

Here are a few of the milestones Visual Lease achieved in Q1 2022:

• Expanded its Alliance Partner network across premium accounting firms and services companies, including F.H. Black & Company and Withum, to offer mutual clients best-in-class software and services.

• Hired across all departments and expanded its commitment to ongoing innovation by scaling the Product & Engineering teams by 35% year-over-year.

• Was named a Momentum Leader and a High Performer in the Lease Administration category in the G2 Spring Grid Report.
• Continued investments to further enhance the Visual Lease user interface (UI), building on its reputation of having an intuitive and easy-to-use platform.
• Held its Q1 Customer Advisory Board (CAB) meeting, gathering select financial management and real estate executives from its network of customers spanning the retail, hospitality, telecommunications, construction, financial services and manufacturing industries, to share insights and solicit input into the company’s solutions, services and strategic investments.
• Established an AWS data center in Frankfurt, Germany, enabling EU-based clients to benefit from stronger performance, newer services and features, as well as automatic compliance with residency and regulatory laws regarding their data.

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

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

Now, all of these organizations must adhere to a much more robust and complex reporting process than they had been accustomed to under the prior lease accounting standards. Despite this change, many continue to underestimate just how challenging the lease accounting process truly is.

Company achieves double-digit YoY annual recurring revenue and customer growth  
for fourth consecutive year 

Woodbridge, NJ – January 20, 2022 — Visual Lease, the #1 lease optimization software provider, today announced results from 2021, reporting an increase of nearly 30% in customer count and annual recurring revenue year-over-year, making it the fourth consecutive year that the company has experienced double-digit growth. Visual Lease now assists nearly 1,000 organizations with lease accounting compliance and the financial, legal and operational performance of their leased assets.  

“Our continued success is grounded in our commitment to our customers,” said founder and CEO, Marc Betesh. “Our software is designed to help companies not only master lease accounting compliance, but also effectively manage their leased assets for maximum return on investment. Our platform supports cross-functional collaboration across all teams who handle lease data, a critical part of the lease accounting and management process that will drive business impact today and well into the future. As we move further into 2022, we’re building on a very strong foundation, and will continue to make strategic investments in our product, services, people and infrastructure.”    

Some of the company’s other achievements in 2021 included: 

Solution Advancements 

Lease Accounting 

• Expanded its GASB support, launching technical accounting features to streamline the handling of lessor termination calculations, schedule modifications and reports. 
• 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.  
• Introduced a GASB RFP Template, a free, comprehensive RFP template to assist organizations in the evaluation of lease accounting technology providers. 
• Enhanced its most frequently used reports (Ad Hoc, Roll-Forward, Disclosure and Lease Accounting reports), which resulted in greater visibility into calculations, supporting audit-readiness. 
• Launched short-term calculations, empowering its users to easily create short-term calculations irrespective of lease terms. 
• Improved the process around financial entries when importing calculations and transaction values. 
• Expanded support of foreign currency disclosure and reporting, increasing visibility into calculations to assist with audits. 

Lease Administration 

• Released a new Lease Options Report, providing an easy-to-read summary of critical options information and empowering its users to act based on key details within their portfolio. 
• Announced a new Schedule Upload feature, enabling its users to quickly generate abandonment schedules with itemized interest and amortization entries. 
• Expanded the VL Integrations Hub with a broader set of APIs, export and integrations options that allow users to streamline their processes and improve productivity by automating repetitive tasks. 
• Increased support with lease abandonment, a critical capability for many organizations dealing with the ongoing impacts of COVID-19 and the many resulting changes within their lease portfolio.  

Infrastructure & Community 

• Celebrated its 25th anniversary and as part of it donated $25,000 to three non-profit organizations addressing affordable housing needs: Habitat for Humanity International, The Affordable Housing Alliance and New Jersey Veterans Home at Menlo Park. 
• Introduced its Customer Advisory Board (CAB), assembling a select group of senior financial management and real estate executives from its customer base to share insights and solicit feedback on its solutions and services. 
• Doubled its Partner Alliance network, joining forces with a number of industry-leading organizations such as SolomonEdwards and CGFI, providing increasingly valuable service and offerings to mutual customers.  
• Hired across all departments, increasing its employee base by 38% year over year. 
• Launched its Corporate Strategy Department to gather information and harness market insights to determine a greater, forward-looking solution for its customers.  

Brand & Thought Leadership 

• Unveiled new branding, elevating its look and feel to mirror its ingenuity, passion and commitment to helping companies achieve confident, ongoing lease accounting compliance.  
• Announced its Consult an Expert program, providing companies with direct access to its deep bench of accounting professionals and lease specialists. 
• Launched The Visual Lease Data Institute, publishing two reports, “The Road to Readiness for ASC 842” and “Commercial Real Estate in 2022.”  
• Introduced its Lease Accounting Monthly Planning Workshops webinar series, providing companies with unique insight and resources to help successfully take the steps needed to transition to ASC 842 and GASB 87. 
• Launched its Lease Accounting Solution Transition (LAST) PlannerTM, 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. 

Industry Recognitions 

• Ranked in the Top 20% on the Inc. 5000 List and included in the Deloitte Fast 500 for the second consecutive year. 
• Honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19th Annual American Business Awards®. 
• Named a winner of a Gold Stevie® Award in the Employer of the Year category in the sixth annual Stevie Awards for Great Employers. 
• Identified as a Top Software Company of 2021 by The Software Report. 
• Included in the Capterra Shortlist for Lease Management, identified as a top lease management tool of 2021. 
• Recognized by G2 as the only leasing solution that is a Leader in both Lease Accounting and Lease Administration. 
• Placed in a new Gartner Digital Markets report for FrontRunners Online Property Management Software. 
• Named a Best Place to Work in New Jersey by NJBIZ. 
• Recognized as a Top Workplace in 2021 by NJ.com. 

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 nearly 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     

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

Company continues to prepare for its next phase of growth

Woodbridge, NJ – January 6, 2022 — Visual Lease, the #1 lease optimization software provider, today announced that Guy Zerega, Senior Vice President of Sales, will advance to become the organization’s first Chief Revenue Officer. In his new role, Zerega will continue to oversee the company’s Sales, Account Management and Alliance Partner teams.  

“When Guy first joined our company in June 2021, it was the perfect time to bring on an experienced sales leader,” said Visual Lease’s founder and CEO, Marc Betesh. “Organizations across all industries are becoming increasingly aware of the risks and opportunities associated with their lease portfolios. As a result, the demand for our software is growing, and Guy’s leadership will be instrumental in our ability to continue to meet that demand.”

Before joining Visual Lease, Guy worked at Veriff where he managed their global sales organization and business expansion. During his tenure, he helped the company receive the largest Series B investment 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. 

“Throughout my career, I’ve had the opportunity to help scale revenue organizations from the ground up,” said Zerega. “I was drawn to Visual Lease because of its unique position. Having been around for 25 years, it is a clear market leader with a very solid foundation. As more organizations prepare to transition to the new lease accounting standards, they will look to adopt the required technology. I’m looking forward to helping Visual Lease continue on its path as the software partner of choice for lease accounting, management and optimization.” 

In 2021, Visual Lease further strengthened its leadership team with the appointment of Erinn Tarpey as Chief Marketing Officer and Alexandra Betesh as Senior Vice President of Corporate Strategy.

Visit Visual Lease’s career site to learn more about career opportunities.

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  

Companies are currently reevaluating their lease portfolios to ensure these costly agreements still make sense in light of their new business goals and operations. As a result, many of these same organizations are making modifications to existing leases or are considering different options and/or terms for new agreements.

Stepping into 2022 should be a good deal less jarring. And yet, there might be changes and surprises. Here’s what experts see as coming up.

The verdict is in: the Financial Accounting Standards Board (FASB) will not issue a third delay to the ASC 842 effective date for private companies, which will take effect Dec. 15, 2021. This means many firms may be flat-footed when the new standards go into effect.

If you thought you would have had more time to prepare for the new lease accounting standard, you’re not alone. As of late July 2021, 75 percent of surveyed senior accounting and finance professionals at private companies with more than 1,000 employees said they were not yet compliant with ASC 842, with 30 percent less than halfway through the process. Furthermore, 40 percent claimed they were only somewhat confident about their ability to successfully adopt the new standard in time for their next scheduled reporting period after Dec. 15. This data indicates that many private companies were, indeed, waiting for another extension.

In a piece of good news for Manhattan’s battered office market, over 3M SF of office space was leased in November — the first time since before the coronavirus pandemic the nation’s largest office market eclipsed the 3M SF mark.

A total of 3.09M SF was rented last month, according to Colliers’ monthly snapshot. That was the highest monthly leasing total since January 2020, when 3.6M SF of office leases were signed just before the pandemic hit the city and brought activity to a sudden halt.

Company sustains consistent double-digit growth over four years

Woodbridge, NJ – November 18, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that it ranked No. 264 on the Deloitte Technology Fast 500, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. Visual Lease’s revenue grew by 493% over a three-year period, from 2017 to 2020, and this is the company’s second consecutive year on the list.

“This recognition is an honor and reflects just how pivotal of a time it is for our organization,” said Marc Betesh, founder and CEO of Visual Lease. “We realize that as companies face the pressures of the new lease accounting standards, as well as the ongoing impacts of the pandemic, it’s never been more important that they accurately track, manage and report on their leases. Our team remains dedicated to providing the software and services they require to successfully achieve and maintain lease accounting compliance. As a result, we have sustained our high growth, steadily increasing our revenue, our network of customers and partners and our employee base.”

To be eligible for the 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 US, and current-year operating revenues of at least $5 million US. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

This recognition comes on the heels of a record-breaking third quarter for Visual Lease, during which the organization announced it now helps more than 800 organizations achieve lease accounting compliance and improve the financial, legal and operational performance of their leases.

Earlier this year, Visual Lease was named a Best Place to Work in New Jersey by NJBIZ for the second year in a row. The business was also ranked in the top 20% of the 2021 Inc. 5000 list and among the Top 100 Software Companies of 2021 by The Software Report. The company was also honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19th Annual American Business Awards® and named a Top Workplace in New Jersey by NJ.com.

To keep up with news from Visual Lease, visit its newsroom.

For more information on Visual Lease’s open positions, visit its 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 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

Company donates $25,000 to Habitat for Humanity International, The Affordable Housing Alliance and New Jersey Veterans Home at Menlo Park

Woodbridge, NJ – November 17, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that it made $25,000 in charitable donations across three non-profit organizations that are addressing affordable housing needs: Habitat for Humanity International, The Affordable Housing Alliance and New Jersey Veterans Home at Menlo Park. The donation is in honor of Visual Lease’s 25^th anniversary.

“Over the past 25 years, we have dedicated ourselves to providing the technology, service and expertise companies need to properly manage their leases, achieve and sustain lease accounting compliance and maintain full visibility into their portfolios,” said Marc Betesh, founder and CEO of Visual Lease. “We’ve reached this milestone because of the hard work of our talented, committed and growing team, as well as the support of our customers, partners and community.”

Visual Lease is committed to supporting non-profit organizations that are dedicated to enriching our communities and providing opportunities for affordable housing to those in need.

“We proudly take this opportunity to reflect and celebrate our success,” noted Betesh. “And also, give back to three organizations that benefit a cause that is so important to us.”

Visual Lease chose to donate to two organizations local to its Woodbridge, New Jersey headquarters, The Affordable Housing Alliance and New Jersey Veterans Home at Menlo Park, in addition to one national organization, Habitat for Humanity International, as the company currently employs team members across 14 states.

“Care is one of our six company values,” said Pamela Cosmillo, Director of Human Resources at Visual Lease. “Our team prides itself on being empathetic to the needs and circumstances of others, and so, it was only fitting that we celebrated this exciting milestone with a donation to organizations that embody this value.”

For more information on Visual Lease’s culture and values, visit its career site.

To keep up with news from Visual Lease, visit its 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

Majority of surveyed tenants plan to expand their commercial real estate footprint in the New Year  

Woodbridge, NJ (Nov. 9, 2021) Visual Lease, the #1 lease optimization software provider, today unveiled a survey of 400 senior accounting and finance professionals and commercial real estate executives, 200 of whom representing the perspective of tenants, and 200 of whom representing the perspective of landlords. The report entitled, “Commercial Real Estate in 2022: Outlook for an Industry in Recovery,” shares insights into how both sides are approaching leases in response to the ongoing effects of the COVID-19 pandemic.  

“The commercial real estate industry has dramatically changed over the past nineteen months,” said Marc Betesh, founder and CEO of Visual Lease. “Businesses have grappled with new restrictions, considerations and challenges, which have directly impacted their real estate needs. Both landlords and tenants are uncertain of what shifts and trends are here to stay, which has made planning ahead more difficult than ever before. We created this report to help both parties better understand the industry and ensure that they are maximizing the value of future leases, setting themselves up for success in 2022 and beyond.” 

Key 2022 trends and predictions from the report include:  

• Ready to Commit to Longer Terms – Sixty-five percent of surveyed tenants are considering their physical space needs more than one year prior to signing a new lease agreement. Fifty-eight percent of tenants are prioritizing leases of at least five years in length, with nearly 20% interested in 10 or more years of occupancy. While plans are being made, the future remains uncertain as 93% of tenants note that their 2022 real estate strategy is temporary and will likely be revised post-COVID.  

• Real Estate Footprints Poised to Expand – Sixty-five percent of landlords expect tenants will add space to their real estate portfolios in 2022. Similarly, 70% of tenants plan to expand their commercial real estate footprint in the year ahead.  

• Back to Work: Urban Revival – Seventy-eight percent of landlords predict that the greatest demand for leased properties in 2022 will appear in cities. Tier 1 cities like Los Angeles and New York are anticipated to draw the biggest crowd, signaling a revival for major metropolitan areas that were previously hard-hit during the onset of the pandemic.  

• Rents Bounce Back, But Not All Businesses Will – Seventy-five percent of landlords expect 2022 commercial rent prices to be about the same or higher than rent prices were prior to the pandemic, which is in line with what 61% of tenants expect, as well. A rent increase may create some challenges as 61% of tenants admit that their organization fell behind on rent during the pandemic, and 37% are still behind on rent.  

• Future-proofing Leases to Accommodate Changing Demand – All surveyed (100%) landlords had tenants request modifications to their leases mid-term in response to the impacts of COVID-19. As a result, 99% of landlords have revised their agreements to better accommodate existing and future tenants, including changes to building rules and regulations (57%), operating expenses (54%), indemnification and insurance (45%), as well as sublet/assignment rights, rent abatement and force majeure clauses. 

• Approaching New Terms With Caution – Based on what they learned from managing their businesses during COVID-19, tenants note that the following will be important considerations when negotiating future leases: flexible scaling plans for space (57%), flexible lease termination (49%), shorter lease duration (36%) and an ability to sublease (33%), among others.  

• Poor Lease Management Led to Costly Mistakes – Nearly 80% of tenants have experienced negative impacts due to inadequate lease controls, the most frequently reported being the inability to respond to changing circumstances due to the pandemic (34%), missing an option to extend a deadline (28%), miscalculating lease costs (28%) and forgetting to update unfavorable or unwanted lease terms (28%).  

For full study results, download Commercial Real Estate in 2022: Outlook for an Industry in Recovery. 

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 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.  For more information, visit visuallease.com. 

Media Contacts 
Erica Bonavitacola 
Visual Lease 
T+1 732 860 4838 
ebonavitacola@visuallease.com 
 
Anna Patrick 
Gregory FCA 
T+1 212 398 9680 
apatrick@gregoryfca.com 

Three-quarters (75%) of privately held companies surveyed this spring by Visual Lease, a lease accounting software company, were not yet fully compliant with the standard, which is set to take effect on Dec. 15 after multiple delays.

Company continues to strengthen its senior leadership team

Woodbridge, NJ – October 26, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that Erinn Tarpey, current Senior Vice President of Marketing, will advance to become the organization’s first Chief Marketing Officer. In her new role, Tarpey will continue to oversee Visual Lease’s brand direction, company positioning and go-to-market strategies for its solutions and services.

“Erinn joined Visual Lease in early 2020, a critical time for our organization,” said Visual Lease’s founder and CEO, Marc Betesh. “Since then, she has grown our marketing department, advanced our systems and operational performance and enhanced our brand presence and corporate communications. Due to her diligence, focus, tenacity – and the results she has achieved for our business – it gives me great pleasure to recognize her contributions with this promotion. In her new role, Erinn will continue to fuel our continued growth and success as a leader in our industry.”

Before joining Visual Lease, Tarpey served as a member of the senior leadership team at iCIMS, where the business grew its annual recurring revenue by 25-30% year over year during her near eight years with the company. Prior to joining iCIMS, Tarpey acquired more than 20 years of B2B and B2C marketing experience gained on both the client and agency sides, gaining expertise in managing the development of proprietary research, supporting mergers and acquisitions and marketing through the partner channel.

“It’s been thrilling to help define and drive Visual Lease’s vision,” said Tarpey. “We are in a unique position, having achieved so much in the past few years, and poised for even more growth in the months to come. In addition to offering superior software and service, we have the strategic foresight to ensure our customers are best positioned for the years ahead. I am looking forward to building on the foundation that our seasoned leadership team has created to reach new heights as the leading lease optimization software provider.”

Visual Lease is continuing to hire across all departments. Click here to learn about career opportunities.

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

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

Solution provider to host a series of virtual events, gathering industry experts to share unique insights and opportunities around lease accounting

 Woodbridge, NJ – Sept. 27, 2021 — Visual Lease, the #1 lease optimization software provider, has announced its lineup of complimentary educational webinars for the final quarter of 2021. The organization has planned several online events to provide senior accounting and finance professionals with insight into how to achieve and maintain lease accounting compliance, unlock cost-saving opportunities within their lease portfolios and more.

Marc Betesh, founder and CEO of Visual Lease, said, “Due to our deep domain expertise in lease management, The Financial Accounting Standards Board (FASB) sought feedback from experts at Visual Lease when it was devising the new lease accounting standards. We were there for the genesis of ASC 842. Our team understands how complex lease accounting can be.”

Betesh continued, “Between the knowledge of our in-house experts and the insights we glean from our robust community of customers and partners, we continue to embed industry best practices into our platform. Our upcoming webinars are an opportunity for us to share our expertise with you, helping you to not only achieve and maintain lease accounting compliance, but also, to capitalize on the many business benefits to be had along the way.”

Visual Lease’s current Q4 webinar schedule features sessions on the following topics:

• How to Prepare for Common Day 2 Lease Accounting Challenges – During this 3-part webinar series, industry experts will provide insight into how to solve the most pervasive and problematic Day 2 lease accounting challenges. Each session will cover common challenges associated with each focus area, as well as tangible examples and actionable takeaways for attendees. The presenters will cover how to leverage best practices and dedicated technology to address each concentration:
  • • Part I: Remeasurements (Oct. 12) – Register here.
    • Part II: Lease modifications (Nov. 9) – Register here.
    • Part III: Terminations (Dec. 7) – Register here.
• How to Unlock Financial Opportunities with Lease Optimization (Oct. 21) – In this session, members of the Visual Lease team will dive into different ways to use your lease accounting compliance project to unlock hard- and soft-dollar savings and improve operational performance of your leases. Register here.
• An Inside Look at the Visual Lease Product Roadmap (Nov. 16) – In this webinar, members of the Visual Lease senior leadership team will provide a sneak-peek into new product capabilities that are on the horizon to help Visual Lease users manage and maximize every asset in their lease portfolio. Register here
• Get Ahead of Day 2 Lease Accounting with Visual Lease (Dec. 14) – In this session, industry leaders will discuss the main roadblocks associated with lease accounting compliance and how to address these challenges with centralized lease data. Register here.

To keep up with all of Visual Lease’s upcoming virtual events, 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.

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

Woodbridge, NJ – September 13, 2021 — Visual Lease, the #1 lease optimization software provider, has been named a Best Place to Work in New Jersey by NJBIZ. The organization was recognized for its unique company culture, strong leadership, high levels of employee satisfaction and the many opportunities it offers to its team for growth and career development. This is the second consecutive year that Visual Lease has appeared on the list.   

“We are honored to receive this recognition from NJBIZ,” said Visual Lease’s founder and CEO, Marc Betesh. “We’ve achieved quite a bit this year, including significant enhancements to our product, industry recognitions, investments in our service offerings and leadership team and more. But one of the most rewarding highlights is receiving positive feedback directly from our employees. There is no greater honor than knowing our team recognizes how valued they are, and that we regularly prioritize and take action based on their feedback.” 

The NJBIZ Best Places to Work program collects and considers input from organizations’ employees, providing workers with an opportunity to anonymously share feedback about their experiences.  

Earlier this year, Visual Lease was ranked in the top 20% of the 2021 Inc. 5000 list and among the Top 100 Software Companies of 2021 by The Software Report. The company was also honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19th Annual American Business Awards® and named a Top Workplace in New Jersey by NJ.com.  

To keep up with all open opportunities with the Visual Lease team, visit its 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 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  

Woodbridge, NJ – August 30, 2021 — Visual Lease, the #1 lease optimization software provider, has been named the winner of a Gold Stevie® Award in the Employer of the Year category in the sixth annual Stevie Awards for Great Employers. This category recognizes the world’s best employers based on their efforts since the beginning of 2020.

“Like many businesses, we’ve recently had to adjust our way of working.” said Visual Lease’s founder and CEO, Marc Betesh. “This recognition validates the choices we’ve made, such as fully embracing remote work and committing to a culture of open communication. I’m proud of our team for helping to maintain our sense of community, always responding to and supporting each other’s needs. A great employer listens to and prioritizes its people, and that’s something we’ll continue to do through every phase of our growth.”

The Stevie Awards for Great Employers recognize the world’s best employers and the human resources professionals, teams, achievements and HR-related products and suppliers who help to create and drive great places to work.

More than 950 nominations from organizations of all sizes in 29 nations were submitted this year for consideration in a wide range of HR-related categories. More than 70 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

Earlier this year, Visual Lease was ranked in the top 20% of the 2021 Inc. 5000 list and among the Top 100 Software Companies of 2021 by The Software Report. The company was also 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 its first placement on the Inc. 5000 list of fastest-growing companies in America and was named among 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 keep up with all Visual Lease’s announcements and milestones, visit its 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

Organization recognized as one of the fastest-growing private companies in America for the second consecutive year

Woodbridge, NJ – August 17, 2021 — Visual Lease, the #1 lease optimization software provider, was named on the 2021 Inc. 5000 list of the fastest-growing private companies in America. Rankings were based on participating companies’ three-year growth rate, and this inclusion marks Visual Lease’s second consecutive year placing within the top 20% of the private companies recognized.

“These past few years have required businesses to pivot and work differently,” said Visual Lease’s founder and CEO, Marc Betesh. “In navigating this challenging climate, many organizations have uncovered new ways to operate and support their customers. Our consistent and continued growth mirrors just how important lease accounting compliance has become for companies across all sectors, and how Visual Lease is rising to help them take control over their lease portfolios.”

The list represents a unique window into the most successful companies within the American economy’s most dynamic segment—its independent businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

In addition to this recognition, earlier this year Visual Lease was ranked among the Top 100 Software Companies of 2021 by The Software Report. The company was also 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 its first placement on the Inc. 5000 list of fastest-growing companies in America and was named among 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 keep up with all of Visual Lease’s announcements and milestones, visit its 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

Package provides robust tech capabilities and all-inclusive implementation and support required to achieve lease accounting compliance with ASC 842

Woodbridge, NJ – August 10, 2021 — Visual Lease, the #1 lease optimization software provider, today introduced ASC 842 Proven Path, a full end-to-end lease accounting solution for private companies with fewer than 100 leases. Similar to the company’s GASB 87 Complete solution, ASC 842 Proven Path combines Visual Lease’s industry-leading software solution with all-inclusive implementation and ongoing support. It was expertly designed to enable the seamless and accurate adoption of the new lease accounting standard in 50 business days or less.

“Achieving and maintaining compliance with lease accounting standard ASC 842 is incredibly nuanced,” said Joe Fitzgerald, SVP of Lease Market Strategy at Visual Lease. “There are over 70 data elements to capture and track, and any company with any appreciable number of leases needs to plan out the process carefully. As we saw with public companies back in 2019, it takes significant time to identify all of the leases, collect the documents and capture the data before you can run any lease accounting calculations. Trying to do this without software extends the time even further.”

ASC 842 Proven Path package users will benefit from:

• Complete lease accounting and management capabilities to automatically perform all needed lease accounting calculations as well as centralize and manage a company’s lease portfolio, stay on top of important dates and milestones and track all options and obligations.
• Robust, flexible reporting options with access to a library of more than 100 templates, including one-click Roll-Forward reports which provide a view of an organization’s balances from the beginning through the end of a specific period.
• Access for 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 an experienced, dedicated team of implementation and account managers and ongoing customer support representatives to maximize the value and use of the platform.

“We recently conducted a survey of 500 senior finance and accounting professionals and found that the adoption of new technologies was one of biggest anticipated challenges to maintaining compliance with lease accounting standards after 2021,” said founder and CEO, Marc Betesh. “Working with a solution provider that you can rely on is what will help you maintain confidence, ongoing compliance. With a 98% customer retention rate, we are a trusted partner to our customers, and we’re deeply committed to navigating this journey with them.”

To learn more about Visual Lease’s ASC 842 Proven Path package, visit here.

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

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.

 While 100% of surveyed companies agree on the business value of complying with the lease accounting standard, most are underconfident and unprepared for the looming deadline

Woodbridge, NJ (July 29, 2021) – Visual Lease, the #1 lease optimization software provider, today unveiled the results of an in-depth study of 500 senior finance and accounting professionals analyzing where companies are in their efforts toward achieving compliance with ASC 842. The report reveals that despite 100% of respondents acknowledging the many benefits that lease accounting can bring, 75% are not yet compliant. This report marks the first release under The Visual Lease Data Institute, a collection of market-leading data, trends and insights on lease accounting, management and optimization created and curated by Visual Lease.

The 2021 Lease Accounting Market Analysis: The Road to Readiness for ASC 842 explores the journey, opportunities and barriers that companies face in their efforts to comply with the new accounting standard published by the Financial Accounting Standards Board (FASB), which requires them to track and fully disclose all qualifying leased assets, including commercial real estate and equipment leases. The report was informed by a proprietary survey of 500 senior finance and accounting professionals at private organizations with more than 1,000 employees.  It excludes public sector organizations and governmental entities, which have to comply with a similar lease accounting standard.

Key highlights of the report include:

• Real Business Opportunity – All surveyed senior finance and accounting professionals recognize that complying with ASC 842 will offer their companies substantial benefits, including more transparent valuation of the organization (54%), cost savings (54%), easier preparation for audits (53%) and the ability to make strategic lease decisions (50%).
• Need for Urgent Action – Despite the significant business opportunity that comes with lease accounting compliance, of the 75% of surveyed companies who are not yet fully compliant, nearly half (46%) are less than halfway through or have not yet begun the process. Moreover, a shocking one in five respondents admit that achieving full compliance has been a low business priority.
• Pandemic Delays – Many private companies may now be playing catch-up from the impact of Covid-19, with more than two in five respondents (43%) noting that their organization’s process has been delayed due to the global pandemic.
• Race Against the Clock – With the December 2021 deadline for private companies less than five months away, two in five respondents (40%) are only somewhat, not very, or not at all confident about their organization being ready to reach full compliance with ASC 842. One reason why? More than two in five (42%) surveyed admit that the ASC 842 compliance process has taken more time than expected, which puts those who have not started the process at serious risk. This is particularly concerning considering the average anticipated staff hours to gather all the necessary lease information to fully adopt ASC 842 is 1,334 hours, equivalent to more than 33 weeks of full-time labor for a highly skilled worker.
• Companies Can’t Do It Alone – More than one in three (36%) of senior finance and accounting professionals surveyed note that they don’t have the right people, technology and tools in place. High among the things they consider to be essential in the process are implementing new (48%) or upgrading existing (51%) lease management and accounting software.
• Not a One-and-Done Disclosure – Reaching ASC 842 compliance in time for the standard’s effective date is only part of the battle. Ninety-nine percent of respondents expect to face ongoing challenges maintaining compliance after the 2021 deadline. Among the most anticipated challenges include accurately tracking and managing future modifications to leases, adopting new technologies to optimize the process and continuing to train and educate staff.

“We understand just how complex lease accounting is,” said Marc Betesh, founder and CEO of Visual Lease. “For 35 years, we’ve seen firsthand how tight lease portfolio management can amount to millions of dollars in savings and improve business performance. With the deadline for private companies to comply with ASC 842 rapidly approaching, we knew it was the right time to gather our insight, experience and expertise to provide you with the first report under The Visual Lease Data Institute. Our goal is simple – to arm you with the information you need to feel confident about your organization’s lease accounting compliance journey.”

For full study results and helpful guidance towards ASC 842 compliance, download The 2021 Lease Accounting Market Analysis: The Road to Readiness for ASC 842.

About Visual Lease

 Visual Lease is the #1 lease optimization software provider 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, privately-owned and public sector organizations 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 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.

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 reports key strategic investments and double-digit annual recurring revenue growth year-over-year

Woodbridge, NJ – July 20, 2021 — Visual Lease, provider of the #1 lease optimization software, today announced results from the second quarter of 2021, including double-digit annual recurring revenue growth year-over-year, as well as industry recognition for its robust software capabilities and sustained high growth. The company also continued to make strategic investments across its product and service offerings to help organizations leverage their lease accounting process to unlock a range of business opportunities.

“We recognize that lease accounting compliance is a long game, and there’s a lot to lose and gain in this process if you’re not on top of the changing requirements,” said Marc Betesh, founder and CEO of Visual Lease. “We’re continuing to make investments in our product and team to not only streamline our customers’ lease accounting compliance, but also help them achieve efficiencies and hard-dollar savings that can have a real long-term impact on their businesses. In fact, we recently conducted a survey of 500 senior finance and accounting professionals, and 100% of them recognized these additional benefits stimulated by the adoption of the new lease accounting standard. We know and understand what those benefits are and show our customers how to achieve them.”

In Q2 2021, Visual Lease:

Product

• Enhanced its reporting performance, resulting in a doubling of the speed of generating disclosure, journal entry summaries and roll-forward reports.
• Further expanded its GASB support, launching technical accounting features to streamline the handling for lessor termination calculations, schedule modifications and reports.
• Launched short-term calculations, empowering users to easily create short-term calculations irrespective of the lease terms.
• Introduced its Customer Advisory Board, assembling a select group of senior financial management and real estate executives from across its base of valued customers to share insights and solicit feedback on Visual Lease’s solutions and services.

Talent

• Announced Guy Zerega as SVP of Sales, bringing in an experienced software sales leader to help the organization continue to grow and scale with the industry.
• Welcomed Pamela Cosmillo as Director of Human Resources, placing an increased emphasis on its people and position as a leading workplace.
• Grew its employee base by more than 35% year-over-year, hiring across a range of departments and levels within the organization.

 Industry Recognition

• Continued to expand its Alliance Partner network, solidifying its partnership with Jackson Cross Partners and Alvarez & Marsal to deliver increased value to shared customers navigating new lease accounting standards (ASC 842, IFRS 16 and GASB 87).
• Named a “High Performer” and “Momentum Leader” in the lease administration category by G2.
• Recognized as a Top Workplace in 2021 by NJ.com.
• Honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19th Annual American Business Awards®.

To keep up with announcements from Visual Lease, visit the Visual Lease 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, privately-owned and public sector organizations 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

As the accounting profession navigates the challenges brought on by COVID-19, FASB shifted the deadline to grant private companies more breathing room to achieve compliance with its major lease accounting standards, including ASC 842, and recently released proposed changes to its lease guidance – some of which are a direct result of the pandemic.