Strong growth and product innovation solidify LeaseQuery as an industry leader
ATLANTA, July 26, 2023 /PRNewswire-PRWeb/ -- LeaseQuery, a fast-growing provider of software built to simplify the complexities of accounting, has announced remarkable first-half performance, solidifying its position as a global leader in the accounting technology space. The company significantly scaled its customer base YoY, now supporting over 7,000 organizations worldwide, including approximately 600 publicly-traded companies. In addition to supporting 7,000 organizations, LeaseQuery surpassed 3,000 free users on its self-service LeaseGuru product for smaller lease portfolios under ASC 842 or IFRS 16.
Fueling this growth is the company's strategic expansion initiatives, including the introduction of artificial intelligence and machine learning functionality to further simplify lease accounting. By enhancing its flagship lease accounting software with AI to assist with lease entry, LeaseQuery is empowering accounting teams to reduce errors and spend less time on data entry so they can focus their time on more strategic job functions.
This year, LeaseQuery also hired previous Goldman Sachs' senior member, Justin Smith. Since his appointment as Chief Financial Officer, Justin has already made significant strides in accelerating LeaseQuery's financial strategy and operations.
"LeaseQuery is dedicated to empowering finance professionals and helping them efficiently navigate the evolving regulatory landscape," said George Azih, CEO and Founder of LeaseQuery. "Our company's growth, the addition of exceptional talent, expanded product offerings and strategic expansion opportunities have positioned us for even greater success in the second half of 2023. We remain resolute in our commitment to delivering innovative accounting solutions and empowering our customers with a complete set of tools they need to thrive."
Along with the establishment of new products and receipt of several accolades, including the Software & Information Industry Association's (SIIA) CODiE award for best compliance solution, a second consecutive year on the Atlanta Business Chronicle's Best Places to Work, among others, LeaseQuery is taking a proactive approach to thought leadership by sharing industry expertise and knowledge through its content. LeaseQuery continues to make waves in the lease accounting industry, solidifying itself as a trusted resource and innovative industry leader.
About LeaseQuery
LeaseQuery makes accountants' lives easier by simplifying the complex with technology. More than 34,000 financial professionals globally rely on our cloud-based, CPA-approved solutions and in-house accounting expertise to comply with confidence across various FASB, GASB and IASB accounting standards. Our software helps businesses minimize risk, increase efficiency and reduce costs. Learn more about LeaseQuery's core accounting solution, which focuses on easing the mandatory transition to ASC 842, IFRS 16, GASB 87 and GASB 96 and ensuring organizations stay compliant, or explore additional accounting tools.
For more information, visit LeaseQuery.com.
Media Contact
Amelia Wright, Alloy, on behalf of LeaseQuery, 8553008209, leasequery@alloycrew.com
SOURCE Alloy, on behalf of LeaseQuery
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