LeaseAccelerator News

We're Helping Change the Corporate Balance Sheet Forever by Enabling the Biggest Accounting Change in History

Recent News Coverage

Recent Press Releases

New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

By | Press Releases

Study Finds Companies Heavily Dependent on Spreadsheets for Managing Equipment Leases and Large Companies Have Greatest Risks

GREAT FALLS, Va., May 11, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a market readiness survey for the new lease accounting standards.  For the first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), LeaseAccelerator surveyed financial professionals about their state of readiness for the new leasing standards. The survey also asked respondents to assess the maturity of their processes and systems for managing leased equipment such as aircrafts, trucks, forklifts, laptops and data center gear.

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LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Lease Accounting Software

By | Press Releases

New Release Enables Fortune 500 Companies to Meet Requirements of New Lease Accounting Standards

GREAT FALLS, Va., April 18, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the U.S. Securities and Exchange Commission (SEC) and other international regulators in time for the 2019 implementation deadlines.

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“Pain Scale” Helps Companies Understand the Biggest Challenges with New Lease Accounting Standards

By | Press Releases

Helps Fortune 500 Companies Identify 10 Most Complex Tasks Needed to Comply with FASB ASC 842

Great Falls, Va., March 1, 2016 LeaseAccelerator, the leader in Equipment Lease Management software, today introduced a new pain scale for Fortune 500 companies to assess the key challenges for complying with the new FASB ASC 842 lease accounting standards. The new standards introduced earlier today will require companies to transfer their operating leases, previously only disclosed in the footnotes of their financial reports, onto their balance sheets starting in 2019.

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New Study Identifies Companies Most Impacted by New FASB & IFRS Lease Accounting Rules

By | Press Releases

Report Published by LeaseAccelerator Highlights Which Companies Will Have the Greatest Dollar Value of New Liabilities Added to their Balance Sheet

GREAT FALLS, Va., January 26, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, published today a report listing the off-balance sheet lease obligations of the 500 largest US public companies. The report, entitled “Who is Most Impacted by the New Lease Accounting Standards?” aims to provide greater awareness of the potential impact of the new lease accounting standards.

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LeaseAccelerator to Host Webinar on Spend Management for Equipment Leases

By | Press Releases

Procurement Experts to Recommend Five Best Practices for Reaching 2016 Spend Targets

GREAT FALLS, Va., Jan. 19, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, announced today that it will host a webinar on spend management for equipment leases. Drawing upon case studies from Fortune 500 companies, LeaseAccelerator will outline how savings of 6-8 percent can be achieved on leases in categories ranging from transportation and material handling to IT and office equipment.

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LeaseAccelerator to Host Educational Webinar on New Lease Accounting Standards

By | Press Releases

Equipment Finance Experts to Provide Preview of Forthcoming FASB 842 and IFRS 16

GREAT FALLS, Va., Nov. 5, 2015  — LeaseAccelerator, the leader in Equipment Lease Management software, announced today that it will be hosting a webinar on the forthcoming New Lease Accounting Standards. The company’s experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

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LeaseAccelerator Hires IT Leasing Expert Tim Shockley to Lead Sales Force

By | Press Releases

Former High Tech Executive Will Drive Company’s Next Growth Phase

GREAT FALLS, Va., Nov. 4, 2015 — LeaseAccelerator announced today that sales leader and enterprise leasing expert Tim Shockley has joined the company as vice president of sales. Tim brings more than 20 years of experience leading top performing teams to provide IT and financial solutions into Fortune 500 companies.

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LeaseAccelerator Achieves SAP Certification for Integration as Powered by SAP NetWeaver

By | Press Releases

Critical Lease Accounting Capabilities Available in SaaS Offering in Advance of 2015 FASB Standard Change

GREAT FALLS, Va., Sept. 15, 2015 — LeaseAccelerator Inc., the market-leader in Equipment Lease Management (ELM) software, today announced that its LeaseAccelerator® software-as-a-service (SaaS) solution has attained SAP-certification with SAP’s ERP platform as powered by the SAP NetWeaver® platform. LeaseAccelerator® has been proven to integrate with SAP® solutions, offering the most advanced capital lease accounting capabilities available to equipment lessees in preparation for the 2015 FASB and IFRS lease accounting standard change.

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LeaseAccelerator Hires Enterprise SaaS Sales Expert Jay McGlynn to Scale Business

By | Press Releases

GREAT FALLS, Va., May 5, 2015 — LeaseAccelerator announced today that sales leader and go-to-market strategist Jay McGlynn has joined the company as chief revenue officer. Jay brings more than 40 years of enterprise technology sales experience to a team delivering comprehensive Equipment Lease Management (ELM) solutions to Fortune 1000 companies. Equipment lessees have competitively sourced $1.2 Billion of lease capital in 26 countries using LeaseAccelerator’s marketplace and the Global Lessor Network, savings millions of dollars. Today, multinational companies use LeaseAccelerator to manage $2.5 Billion of leased assets in 50 countries.

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Media Inquiries

LeaseAccelerator Media Contact

US Contact:

Buttonwood Communications

Max Leitenberger
maxl@buttonwoodpr.com
+1 (914)-434-5725

Europe Contact:

Vested

Katie Spreadbury
katie@fullyvested.com
+44 (0) 7980 928 560

Asia Pacific Contact:

The Continuum Partners

Kristin Westlake
kwestlake@thecontinuumpartners.com
+61 416 219 358

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