LeaseAccelerator News Room

LeaseAccelerator Newsroom - Profile and News Archive

LeaseAccelerator is the industry’s first software application developed specifically for Equipment Lease Management. Fortune 500 companies lease much of the equipment they use to run their business. By equipment we mean office equipment (furniture, photocopiers), industrial equipment (forklifts, machinery), transportation equipment (trucks, planes) and IT equipment (laptops, servers).

We believe that equipment leasing is THE most poorly managed financial process in Fortune 500 companies. The average Fortune 500 company has between $100M and $1B of equipment leases, which represent between 1000 and 10,000 assets. No other process with such high dollar values has so little governance, process and control. At most companies if the CFO wanted a report of all the equipment being leased across the business (including location and identification) – it simply cannot be done – at least with any reasonable level of confidence.

But this is all coming to an end. Recently, a new set of accounting standards have been introduced by the US (FASB) and International (IFRS) accounting boards specifically for leasing. With these new standards, leases move from an often overlooked footnote in a company’s annual report to front and center on the balance sheet. These new standards are going to require public companies to get their equipment leases in order because they will need more detail.

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Press Releases from LeaseAccelerator :

Lease Accounting for Oracle ERP Users Webinar to be Hosted by LeaseAccelerator

LeaseAccelerator

RESTON, Va., Aug. 29, 2017 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that it will be hosting an educational webinar on lease accounting for Oracle ERP users seeking to implement a solution for ASC 842 and IFRS 16. The new lease accounting standards, introduced last year, will require companies to track real estate, equipment, and embedded leases as assets and liabilities on their balance sheets by end of 2018.

Asset-Level Lease Accounting Webinar to be Hosted by LeaseAccelerator

LeaseAccelerator

GREAT FALLS, Va., March 28, 2017 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that it will be hosting an educational webinar on Asset-level lease accounting and its role in implementing ASC 842 and IFRS 16. The new lease accounting standards, introduced last year, will require companies to track real estate, equipment, and embedded leases as assets and liabilities on their balance sheets by end of 2018.

Two-Thirds of Large Companies Finding New Lease Accounting Standards More Complex than Anticipated

LeaseAccelerator

GREAT FALLS, Va., Feb. 27, 2017 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced the results of a Progress Report study gauging the readiness of large companies to support the new lease accounting standards (ASC 842) one year after their initial publication. The research study, conducted earlier this month, surveyed over 250 respondents in the accounting and finance functions at large public and private US-based corporations.

LeaseAccelerator CEO to Speak at FEI New Lease Accounting Standards Conference

LeaseAccelerator

IRVINE, Texas, June 14, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at the upcoming Financial Executives International (FEI) New Lease Accounting Standard Conference. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019.

LeaseAccelerator and Riveron Consulting to Co-Present in ClearLaw Institute Webinar on New Lease Accounting Standards

LeaseAccelerator

GREAT FALLS, Va. and WASHINGTON, D.C., June 6, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator and Riveron Consulting announced today that they will be co-presenting on a forthcoming ClearLaw Institute Webinar about the new lease accounting standards. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate and equipment leases as assets and liabilities on their balance sheets starting as early as 2019.

New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

LeaseAccelerator

GREAT FALLS, Va., May 11, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed financial professionals about their state of readiness for the new leasing standards.

LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Accounting Solution for Equipment Leases

LeaseAccelerator

GREAT FALLS, Va., April 18, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the U.S. Securities and Exchange Commission (SEC) and other international regulators in time for the 2019 implementation deadlines.

New Study Identifies Companies Most Impacted by New FASB and IFRS Lease Accounting Rules

LeaseAccelerator

GREAT FALLS, Va., Jan. 26, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management software, published today a report listing the off-balance sheet lease obligations of the 500 largest U.S. public companies. The report, entitled “Who is Most Impacted by the New Lease Accounting Standards?” aims to provide greater awareness of the potential impact of the new lease accounting standards.

LeaseAccelerator to Host Webinar on Spend Management for Equipment Leases

LeaseAccelerator

GREAT FALLS, Va., Jan. 19, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will host a webinar on Spend Management for Equipment Leases. Drawing upon case studies from Fortune 500 companies, LeaseAccelerator will outline how savings of 6-8 percent can be achieved on leases in categories ranging from transportation and material handling to IT and office equipment.

LeaseAccelerator to Host Educational Webinar on New Lease Accounting Standards

LeaseAccelerator

GREAT FALLS, Va., Nov. 5, 2015 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will be hosting a webinar on the forthcoming Lease Accounting Standard changes. The company’s experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

LeaseAccelerator Hires IT Leasing Expert Tim Shockley to Lead Sales Force

LeaseAccelerator

GREAT FALLS, Va., Nov. 4, 2015 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that sales leader and enterprise leasing expert Tim Shockley has joined the company as Vice President of Sales. Tim brings more than 20 years of experience leading top performing teams to provide IT and Financial solutions into Fortune 500 companies.

LeaseAccelerator Achieves SAP Certification for Integration as Powered by SAP NetWeaver

LeaseAccelerator

GREAT FALLS, Va., Sept. 15, 2015 (SEND2PRESS NEWSWIRE) — LeaseAccelerator Inc., the market-leader in Equipment Lease Management (ELM) software, today announced that its LeaseAccelerator(R) software-as-a-service (SaaS) solution has attained SAP-certification with SAP’s ERP platform as powered by the SAP NetWeaver(R) platform. LeaseAccelerator(R) has been proven to integrate with SAP(R) solutions, offering the most advanced capital lease accounting capabilities available to equipment lessees.

LeaseAccelerator Hires Enterprise SaaS Sales Expert Jay McGlynn to Scale Business

LeaseAccelerator

GREAT FALLS, Va., May 5, 2015 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that sales leader and go-to-market strategist Jay McGlynn has joined the company as Chief Revenue Officer. Jay brings more than 40 years of enterprise technology sales experience to a team delivering comprehensive Equipment Lease Management (ELM) solutions to Fortune 1000 companies.

Ecologic Leasing Services Renames Company to LeaseAccelerator Services

LeaseAccelerator Services

WASHINGTON, D.C., Oct. 15, 2013 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services, the LeaseAccelerator SaaS company, today announced it is changing its name to LeaseAccelerator Services. The new name more closely unifies the asset-centric lease accounting software for lessees with the company behind it. The change is effective immediately.

LeaseAccelerator Publishes New Whitepaper on Lease Accounting Standard Changes for Lessees to Explain May 2013 FASB Exposure Draft

LeaseAccelerator

WASHINGTON, D.C., May 14, 2013 (SEND2PRESS NEWSWIRE) — LeaseAccelerator announced today that it has published a new lease accounting whitepaper for lessees that explains the new 2013 FASB Exposure Draft, which the FASB is expected to release later this week. Lessees can download it for free from LeaseAccelerator’s publishing arm. The official title is ‘How to Prepare Now for the Coming Lease Accounting Changes.’

Ecologic Completes First Transaction in The Republic of Zambia

LeaseAccelerator Services

WASHINGTON, D.C., Dec. 12, 2012 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that the company has completed its first equipment financing transaction in the Republic of Zambia in Southern Africa.

Ecologic Releases New Version of LeaseAccelerator That Enables Equipment Lessees to Transition to the New Lease Accounting Standard

Ecologic Leasing Services

WASHINGTON, D.C., Sept. 12, 2012 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that the company has released a new version of LeaseAccelerator that is designed to enable equipment lessees, the users of leased equipment, to transition in the most efficient and effective manner to the expected new lease accounting standard. Ecologic made the announcement at the Equipment Leasing and Finance Association’s (ELFA) 2012 Lease and Finance Accountants Conference in Washington, D.C.

Ecologic Expands Latin America Leadership Team

Ecologic Leasing Services

WASHINGTON, D.C., June 18, 2012 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that Nella Schwarz has joined the Company as Director, Business Development, Vendor Programs, Latin America. Ecologic Leasing Services runs global leasing programs on an outsourced basis for manufacturers that sell into emerging and mature market.

Ecologic Launches The Global Lessor Network in China

Ecologic Leasing Services

WASHINGTON, D.C., Nov. 8, 2011 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0 in China. ‘Our corporate lessee clients and our vendor captive clients have been asking us to help them find, engage, and transact with new lessors in China for several years,’ stated Michael Keeler, CEO, Ecologic Leasing Services.

Ecologic Names Leadership Team to Support Boart Longyear Financial Services

Ecologic Leasing Services

WASHINGTON, D.C., Nov. 1, 2011 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that it has appointed David Bromage and Rod Suhan as its leadership team dedicated to Boart Longyear Financial Services.

Ecologic Releases The Global Lessor Network 2.0 – Enhanced Service Brings New Equipment Leasing Opportunities to Registered Lessors

Ecologic Leasing Services

WASHINGTON, D.C., Oct. 3, 2011 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0. The enhanced service matches new equipment leasing opportunities from lessees located around the world with qualified lessors that are registered in The Global Lessor Network 2.0.

Ecologic Partners with Boart Longyear Financial Services

Ecologic Leasing Services

WASHINGTON, D.C., Sept. 20, 2011 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that its subsidiary, Ecologic Vendor Services, has signed a long-term agreement with Boart Longyear Financial Services (BLFS), a global vendor captive financing organization. BLFS will offer their customers competitive financing solutions for Boart Longyear mineral exploration drilling equipment.

Ecologic Lessee Services Publishes Comprehensive Lease Accounting Changes Whitepaper for Equipment Lessees

Ecologic Leasing Services

GREAT FALLS, Va. (SEND2PRESS NEWSWIRE) — Ecologic Lessee Services, a global provider of outsourcing, software, and capital sourcing services to corporate and non-profit equipment lessees, today announced the publication of a unique whitepaper that addresses how lessees can prepare for the coming IFRS lease accounting changes.

Ecologic Leasing Services Launches Two Subsidiaries

Ecologic Leasing Services

GREAT FALLS, Va. (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services, a global provider of outsourcing, software, and capital sourcing services to both equipment lessees and vendor captive lessors, today announced the launch of two subsidiaries, Ecologic Lessee Services and Ecologic Vendor Services.

Ecologic Leasing Services Releases LeaseAccelerator 7.0

Ecologic Leasing Services

GREAT FALLS, Va. (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services announced today that it has released version 7.0 of LeaseAccelerator, web-based software service (SaaS) designed for corporate and non-profit lessees and vendor captives that lease equipment around the globe.

Ecologic Leasing Services Completes Conversion of Captara Clients and Software

Ecologic Leasing Solutions

GREAT FALLS, Va., Oct. 8 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Services today announced it has completed the conversion of Captara Corporation’s clients, data, and software with the release of LeaseAccelerator 5.0, Ecologic’s software services platform for equipment lessees. In 2007, Ecologic acquired Captara Corporation, a San Francisco, Calif.-based lease management software company. Ecologic Leasing Services provides web-based software and outsourcing services.

Ecologic Leasing Solutions Acquires Captara Corporation

Ecologic Leasing Solutions

WASHINGTON, D.C., June 26 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Solutions announced today that it completed the acquisition of Captara Corporation, a San Francisco, Calif.-based lease management software company, which had been Ecologic’s main competitor.

Ecologic Leasing Solutions, the Only Global Lease and Asset Management Solution Provider, Reports Strong Financial Results for 2005


WASHINGTON, D.C. – Mar. 6 (SEND2PRESS NEWSWIRE) — Ecologic Leasing Solutions, the only global lease and asset management solution provider to multinational corporations, announced strong increases in revenue and profits led by new corporate client acquisitions.