Overview

LeaseQuery provides lease accounting software that helps businesses manage their lease portfolios and comply with financial reporting standards like ASC 842, IFRS 16, and GASB 87. The software operates in the cloud, allowing users to access it from anywhere, and includes features such as automated lease classification, tracking of lease modifications, and detailed reporting tools. Unlike many competitors, LeaseQuery focuses on a subscription-based model, offering different pricing tiers based on the number of leases and the complexity of client needs. The company aims to reduce the risk of non-compliance and streamline lease management processes while providing strong customer support and professional services like training and consulting.

Simplify's Take

What believers are saying

• $25M investment will accelerate product innovation and growth for LeaseQuery.
• Partnership with Sovos expands offerings for NetSuite customers, increasing market penetration.
• Recognition as 'Market Leader' enhances brand reputation and attracts more clients.

What critics are saying

• Increased competition from LeaseAccelerator and Visual Lease may impact market share.
• Integration issues with Sovos partnership could affect customer satisfaction and retention.
• Failure to effectively utilize $25M investment may result in missed opportunities.

What makes LeaseQuery unique

• LeaseQuery specializes in lease accounting software for compliance and financial reporting.
• The company offers a cloud-based solution adhering to ASC 842, IFRS 16, and GASB 87.
• LeaseQuery provides automated lease classification and modification tracking features.

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