Visual Lease Announces Powerful Second Quarter Results
Firm reports critical strategic investments and double-digit once-a-year recurring profits development year-around-year
WOODBRIDGE, N.J., July 20, 2021–(Business enterprise WIRE)–Visible Lease, provider of the #1 lease optimization computer software, nowadays announced effects from the next quarter of 2021, together with double-digit yearly recurring profits development calendar year-above-12 months, as nicely as business recognition for its strong program capabilities and sustained significant development. The company also ongoing to make strategic investments across its merchandise and provider choices to assistance businesses leverage their lease accounting process to unlock a assortment of business enterprise alternatives.
“We recognize that lease accounting compliance is a long recreation, and there’s a large amount to shed and obtain in this process if you are not on leading of the modifying demands,” claimed Marc Betesh, founder and CEO of Visible Lease. “We’re continuing to make investments in our product and staff to not only streamline our customers’ lease accounting compliance, but also support them attain efficiencies and hard-greenback financial savings that can have a true long-phrase effects on their organizations. In actuality, we lately executed a study of 500 senior finance and accounting specialists, and 100% of them identified these further rewards stimulated by the adoption of the new lease accounting typical. We know and have an understanding of what people rewards are and exhibit our shoppers how to achieve them.”
In Q2 2021, Visual Lease:
Merchandise
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Increased its reporting overall performance, ensuing in a doubling of the pace of making disclosure, journal entry summaries and roll-ahead experiences.
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Further more expanded its GASB assist, launching technical accounting functions to streamline the handling for lessor termination calculations, routine modifications and reviews.
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Launched quick-term calculations, empowering consumers to simply produce limited-term calculations irrespective of the lease conditions.
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Released its Shopper Advisory Board, assembling a decide on team of senior money administration and genuine estate executives from throughout its base of valued prospects to share insights and solicit opinions on Visible Lease’s remedies and companies.
Talent
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Introduced Male Zerega as SVP of Revenue, bringing in an expert software program income leader to enable the business continue to improve and scale with the field.
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Welcomed Pamela Cosmillo as Director of Human Means, positioning an increased emphasis on its individuals and position as a top place of work.
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Grew its personnel foundation by much more than 35% 12 months-about-calendar year, choosing throughout a selection of departments and amounts inside the group.
Field Recognition
To maintain up with announcements from Visual Lease, take a look at the Visible Lease Newsroom.
About Visible Lease
Visible Lease is the supplier of the #1 lease optimization software program for managing, examining, streamlining and reporting on lease portfolios. Produced by industry-top lease pros and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with simple, versatile and automatic lease administration procedures. Far more than 700 of the world’s greatest publicly traded, privately-owned and general public sector organizations rely on Visual Lease to handle their lease portfolios, combine with their existing business enterprise units and preserve regulatory compliance. Committed to ongoing innovation and unparalleled shopper provider, Visible Lease helps companies rework their lease compliance prerequisites into economical chances. For much more information, pay a visit to visuallease.com.
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Contacts
Media Contacts
Erica Bonavitacola
Visible Lease
T+1 732 860 4838
[email protected]
Geena Pickering
Gregory FCA
T+1 212 398 9680
[email protected]