RESTON, Va., Sept. 6, 2018 /PRNewswire-PRWeb/ -- Michael Keeler, the CEO and Founder of LeaseAccelerator and pioneer in the Enterprise Lease Accounting software market, was named a winner of the 2018 Finance Monthly CEO Awards. Every year, the Finance Monthly CEO Awards celebrate the achievements of some of the most respected CEOs across a wide variety of sectors and industries globally.
Michael Keeler founded LeaseAccelerator in 2003 as the first enterprise application software company focused on automating the business processes for managing corporate leasing portfolios. Over the past few years, Keeler has led LeaseAccelerator through a period of explosive growth including its most recent fiscal year in which the company tripled its revenues and quadrupled its customer base. In June, LeaseAccelerator secured $30M in growth equity funding from Insight Venture Partners, which the company is using to expand its operations into Europe and Asia Pacific as the company pursues the multi-billion dollar market opportunity in Enterprise Lease Accounting.
The average Fortune 500 company has between 1,000 and 10,000 leases representing a dollar value of between $100M and $1B. Despite the large dollar value of these portfolios, few companies have an enterprise application to manage their leases. Instead, real estate, computers, vehicles and other equipment leases have often been tracked on spreadsheets. With over $3 trillion in spend across the world, leasing is one of the last major business processes that has not been disrupted by technology.
"It is not just me, but the entire LeaseAccelerator team that should be recognized for our success and achievements in pioneering this new category of Enterprise Lease Accounting software," said Michael Keeler, CEO of LeaseAccelerator. "When used effectively, leasing can provide a strategic advantage enabling companies to accelerate free cash flow by growing revenues faster than fixed costs. Sadly, most companies are not able to realize the benefits of leasing due to the cost and complexity of administering the supporting business processes. Our mission with this new category of software is to change that dynamic permanently."
Finance Monthly is a global publication delivering news, commentary and analysis to those at the center of the corporate sector. Published on Tuesday, August 21st, the Finance Monthly Awards identify and recognize ambitious and forward-thinking CEOs who have demonstrated strong leadership and contributed to both their industry and wider society.
To read the full profile of Michael Keeler visit the Finance Monthly CEO website at https://ceoawards.finance-monthly.com/winners-edition/40/
About LeaseAccelerator
LeaseAccelerator offers the market-leading software-as-a-service (SaaS) for Enterprise Lease Accounting, proven to be the simplest, fastest and easiest path to compliance with the new FASB and IFRS standards. Using LeaseAccelerator's unique Global Lease Accounting Engine, customers can apply the new standards to all types of leases – real estate, equipment and embedded – at the asset level as specified by FASB and IASB. The company's ecosystem of certified, global partners offers a variety of guaranteed turn-key solutions. On average, the firm's Sourcing and Management applications drive savings of 17 percent with smarter procurement and end-of-term management – compliance plus ROI.
Visit http://www.leaseaccelerator.com/
SOURCE LeaseAccelerator
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