Bringing operating lease liabilities onto corporate balance sheets will bring a level of transparency and visibility to leasing programs never before seen.
RESTON, Va. (PRWEB) December 18, 2017
LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today that Ingemar Lanevi has joined the company as vice president of finance and capital markets. Lanevi has over 25 years of experience leading finance, treasury, leasing and strategy functions at Silicon Valley global companies such as HP, NetApp and SGI. While treasurer at NetApp, Lanevi created a global treasury function as the company grew from $500 million to almost $5 billion. In his new role, Lanevi will be responsible for growing the company’s marketplace for competitively sourcing equipment leases, the Global Lessor Network.
Lanevi will lead a global, multi-lingual team of “market-makers” responsible for supporting LeaseAccelerator’s equipment lease sourcing customers. Lanevi will draw upon his intraprenuerial experience as the general manager of NetApp’s Capital Solutions – a global vendor captive leasing organization that Lanevi built from scratch to $500 million in annual leasing volume to finance sales of NetApp’s products in more than 15 countries.
“The new ASC 842 and IFRS 16 accounting standards will be a game changer for the leasing industry, and I look forward to the opportunity to help global firms tackle these new challenges. Bringing operating lease liabilities onto corporate balance sheets will bring a level of transparency and visibility to leasing programs never before seen,” said Ingemar Lanevi, vice president of finance and capital markets. “By perfecting the lease database for audit purposes, controllerships are setting the table for CPOs and treasurers. They now have a spend cube that allows them to strategize, prioritize and methodically drive substantial savings from their global lease portfolio, saving millions of dollars and creating an unexpected ROI for an accounting compliance project.”
“Just as e-sourcing can drive down cash purchase costs of goods, LeaseAccelerator’s e-sourcing platform and marketplace has helped a variety of customers save 6-8% by driving down the cost of lease capital,” said Bob Solomon, board member and former Ariba executive. “The software automates the best practices in lease sourcing and procurement, such as lease versus buy analyses, RFPs, competitive bidding and contract standardization. For example, a manufacturer with $120 million in annual equipment leasing volume saved $8.4 million by unbundling the lease spend from the equipment spend and aggregating the lease spend.”
“We are thrilled to have Ingemar join the LeaseAccelerator management team. He not only brings a wealth of finance and strategy experience from high-growth Silicon Valley tech firms, but also is an expert in the global equipment financing market,” said Michael Keeler, CEO of LeaseAccelerator. “While treasurer at NetApp, Ingemar was one of our first customers, deploying the LeaseAccelerator software-as-a-service in 2003. He joined our board of directors in 2015 and now comes off the board to lead a critical part of our business that is highly valued by our customers – competitive lease sourcing. We are grateful to gain his leadership as we continue this intense period of rapid growth."