Woodbridge, NJ - 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:
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.