About

LeaseQuery specializes in lease accounting software that helps businesses manage their lease portfolios and comply with accounting standards like ASC 842, IFRS 16, and GASB 87. The software operates in the cloud, allowing users to easily track and report on their leases. It features automated lease classification, modification tracking, and comprehensive reporting tools, which help reduce the risk of non-compliance and streamline lease management processes. Unlike many competitors, LeaseQuery offers a subscription-based service with various pricing tiers based on the number of leases and complexity, along with professional services for implementation and training. The company's goal is to simplify lease accounting for organizations of all sizes, ensuring accurate financial reporting and compliance.

Simplify's Take

What believers are saying

• $25 million investment accelerates product innovation and market expansion.
• Recognition as a 'Market Leader' boosts brand credibility and client attraction.
• Acquisition of Stackshine addresses SaaS spend management needs, optimizing software costs.

What critics are saying

• Increased competition from LeaseAccelerator and Visual Lease pressures innovation.
• $25 million investment may lead to operational challenges if growth expectations aren't met.
• Stackshine acquisition could divert focus from core lease accounting services.

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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