Company Research Report: Visual Lease

Company Overview

• Name: Visual Lease

• Mission: To empower organizations to leverage their lease portfolio as a strategic asset, enabling better decision-making and optimization of lease terms.

• Founded: 1996

• Founder: Marc E. Betesh, ESQ., MCR.H

• Key People:

• Marc Betesh, Founder & Executive Chairman

• Robert Michlewicz, Chief Executive Officer

• Alexandra Betesh, Chief Customer Officer

• Amie Durr, Chief Product Officer

• Kathryn Eskandarian, Chief Financial Officer

• Craig North, Chief Revenue Officer

• Joe Fitzgerald, SVP, Market Strategy

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• What is the company known for: Visual Lease is known for being a leading lease optimization software that integrates lease management, accounting, and sustainability reporting.

Products

Lease Management

• Description: Manages the entire lease lifecycle efficiently, from acquisition to termination.

• Key Features:

• Intuitive asset management

• AI-powered automation

• Comprehensive contract management

• Proactive date management & notifications

Lease Accounting

• Description: Streamlines financial reporting and compliance with global standards.

• Key Features:

• Automated lease data entry and management

• Lease classification and amortization schedules

• Integrated with ERP and business intelligence solutions

Sustainability Reporting

• Description: Tracks and reports on the environmental impact of leased and owned assets.

• Key Features: No detailed features provided

Controls

• Description: Purpose-built controls for real estate, equipment, and emissions management workflows.

• Key Features:

• Advanced access permissions and approvals

• Guardrails for data integrity and consistency

• Asset-level audit trail

Integrations

• Description: Connect and automate processes to save time and money.

• Key Features:

• Seamless ERP integration

• Real-time data access via bi-directional API

AI

• Description: AI-driven tools that streamline lease management and accounting processes.

• Key Features:

• Automated lease administration

• Efficient data abstraction & migration

• Enhanced user experience

Recent Developments

• Recent Acquisition: CoStar Group announced the acquisition of Visual Lease to enhance lease administration and accounting solutions as part of CoStar Real Estate Manager.

• New Products: Named Top New Product in 2024 by Accounting Today.

• New Features: Introduction of AI tools for operational efficiency and strategic outcomes.

• Partnerships: Integration with Workday Financials for enhanced lease management capabilities.

• Industry Recognition: Recognized for growth and innovation in lease administration and accounting solutions.

Conclusion

Visual Lease stands out as a vital player in the lease management and accounting industry, offering a comprehensive software platform that integrates cutting-edge technology and strategic insights to optimize organizational lease portfolios. Through continuous innovation and strategic partnerships, Visual Lease is set to expand its industry footprint and enhance its offerings.

(Note: Financial, headquarters, and employee information were not available to include in the report.)