Visual Lease was started in 1995, and from its inception, the company has been solving lease management problems and evolving the platform’s technology to meet changing customer needs. The passion, adaptability and competency of the Visual Lease team has resulted in a platform that’s always current and continues to deliver the industry’s most comprehensive lease management tool.
Today, Visual Lease combines lease administration and lease accounting with consultative insights and technical expertise _ bringing depth of functionality and simplicity together in one intuitive platform. It streamlines the process of gathering, interpreting and reporting on lease data, to make lease management more efficient, consistent and precise.
The Visual Lease platform adapts to customer needs and integrates with existing ERP and financial systems, as well as with hundreds of third-party applications, for added flexibility and ease of use. Rapid implementation, professional services and training support from the Visual Lease team ensure that the cloud-based solution is up and running quickly, for a rapid ROI.
Moving forward, the platform will continue to evolve, driven by the community of Visual Lease customers and partners, their feedback and their needs. The result is a company that is laser-focused on delivering a user-friendly experience, providing responsive customer service and making the customers’ job easier.
The new lease accounting standards – ASC 842, IFRS 16 and GASB 87 – impact companies of all sizes and industries.
New deadlines for the lease accounting standard have given companies more time to overcome implementation and adoption challenges.
The long-term impact of the new lease accounting compliance standards has yet to be seen, but the implementation issues facing many entities have become increasingly evident.