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LeaseQuery Reports Tremendous Growth in 2021

January 28, 2022, 07:00 AM
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Topic: Industry News

LeaseQuery announced it surpassed 2,000 customers in 2021, seeing 50 percent customer growth amid other key growth areas in last year. LeaseQuery’s momentum throughout 2021 is attributed to expanded product offerings to meet evolving customer and market needs, as well as a sustained focus on the company’s core mission: making accountants’ lives easier by simplifying the complex with technology.

Major milestones surpassed by LeaseQuery over the span of 2021 include:

Expanded product offerings: LeaseQuery evolved from a single product into a SaaS platform enabling accounting teams to move complex accounting out of spreadsheets and into the secure cloud. As the company maintains its focus on arming accountants with the right tools, analytics and accounting intelligence to solve broader accounting problems, the company brought the following solutions to market:

  • LeaseQuery for GASB 96: a first-to-market, cloud-based solution to handle the capitalization criteria and subsequent accounting for compliance with new guidelines under GASB statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs).
  • LeaseQuery Connect: an integration hub connecting LeaseQuery solutions to ERPs and several other critical accounting applications, simplifying the integration process and minimizing IT impact.
  • LeaseGuru Premium: LeaseGuru, LeaseQuery’s free lease accounting solution for smaller lease portfolios, now offers LeaseGuru Premium, a low-cost solution for lease portfolios of up to 15 for US GAAP and IFRS users.

“Our strong results for the full fiscal year exceeded our expectations, driven by continued execution of our strategy and our demonstrated ability to manage complex accounting challenges,” said George Azih, CEO and founder of LeaseQuery. “Looking ahead, we intend to continue driving growth in our business by leveraging our market leadership and capitalizing on the demand for a robust accounting platform. I am excited and honored to be a part of a team that strives to empower our customers by delivering the most user-friendly and trustworthy financial solutions and support in the world.”

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