The introduction of lease accounting standards has forever altered how public, private and government entities manage, track and report on their leases. To understand more about the leasing sector and…
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In response to the ongoing impact of the global pandemic on revenues and business operations, companies are evolving how they prioritize and manage their commercial real estate leases. Many organizations…
Company achieves double-digit YoY annual recurring revenue, customer and employee growth Woodbridge, NJ – April 18, 2022 — Visual Lease, the #1 lease optimization software provider, today announced results from…
Industry leader continues to host virtual events to help companies master lease accounting compliance Woodbridge, NJ – April 12, 2022 —Visual Lease, the #1 lease optimization software provider, announced its…
We’re back in 2022 with a Season 2 bonus episode! After a bunch of attempts to connect at the end of 2021, Marc and Chase finally got together to discuss…
The standard in some ways parallels the ASC 842 leases standard for public and private companies and nonprofits from the Financial Accounting Standards Board and the IFRS 16 leases standard…
The introduction of new lease accounting standards (ASC 842, IFRS 16 and GASB 87) has had a significant impact upon accounting and reporting for U.S. publicly traded and private companies,…
The past two years have shuffled business priorities and workflows, which has left many companies catching up on their transition to the new lease accounting standards (ASC 842, GASB 87,…
In early 2020, the COVID-19 pandemic redefined how businesses operate. Today, they continue to grapple with the ongoing effects of shutdowns, rent crises, supply chain issues and inflation. Many have…
When discussing commercial real estate, you’ll often hear about build-to-suit (BTS) leases, in which the landowner agrees to construct a property according to the requirements of the lessee, and the lessee…
As lease terms shorten, the value of properties becomes more uncertain. If the pandemic has infused business with any one idea, it’s flexibility. Companies need to be flexible to get…
Company achieves double-digit YoY annual recurring revenue and customer growth for fourth consecutive year Woodbridge, NJ – January 20, 2022 — Visual Lease, the #1 lease optimization software provider, today…
Lease accounting can easily become an administrative and logistical nightmare for many. Companies tend to underestimate the work involved in preparing documents that comply with FASB and other standards. Proper…
Industry leader to host a series of virtual events, sharing valuable insights to help companies master lease accounting compliance Woodbridge, NJ – January 11, 2022 —Visual Lease, the #1 lease optimization software…
Company continues to prepare for its next phase of growth Woodbridge, NJ – January 6, 2022 — Visual Lease, the #1 lease optimization software provider, today announced that Guy Zerega,…
Chances are you’ve already tangled with the ASC 842/IFRS 16 changes in standards determining how organizations should be accounting for leases on the balance sheet. The effective date for implementing…
Private companies, the largest business demographic in the U.S., have to adopt the FASB’s new lease accounting standard starting this month, but many are still lagging in those efforts.
The ongoing impacts of Covid-19 are greatly changing leasing life cycles and accounting workflows. This pressure, coupled with the new lease accounting standards and looming compliance deadlines, is pushing financial…
Adopting new technology has become the reality of every business, especially in the modern remote work era. Companies that shifted to a work-from-home environment during the pandemic had to train…
New lease accounting standards coupled with the many pressures brought on by the pandemic have changed how organizations prioritize their leases. Companies are currently reevaluating their lease portfolios to ensure…
You’d be forgiven for gaining a case of whiplash moving from 2020 to 2021. Disaster—a seemingly closed economy, crashed supply chains, tight labor availability, and many millions out of work—turned…
The verdict is in: the Financial Accounting Standards Board (FASB) will not issue a third delay to the ASC 842 effective date for private companies, which will take effect Dec. 15, 2021….
In a piece of good news for Manhattan’s battered office market, over 3M SF of office space was leased in November — the first time since before the coronavirus pandemic…
The FASB on November 11, 2021, published a narrow amendment to ease lease accounting rules for private companies and nonprofits, enabling lessees to have a moreflexible way to elect a…
Culture is more than a business buzzword. Discover how you can improve the personality of the company in this interview. Today’s guest is Marc Betesh, CEO and Founder at Visual…
Company sustains consistent double-digit growth over four years Woodbridge, NJ – November 18, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that it ranked No. 264…
Company donates $25,000 to Habitat for Humanity International, The Affordable Housing Alliance and New Jersey Veterans Home at Menlo Park Woodbridge, NJ – November 17, 2021 — Visual Lease,…
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee…
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee…
Green shoots are beginning to emerge for the office market, with many tenants starting to consider long-term leases — though most firms plan to revise workplace arrangements when the pandemic…
More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year, according to a survey by the Visual Lease Data…
With the lease accounting standard set to take effect for private companies in mid-December, the Financial Accounting Standards Board will be considering a proposal at a meeting Wednesday to postpone…
Since the onset of the Covid-19 pandemic, businesses have evolved their real estate strategies to comply with the many changes that the pandemic forced upon them. To maintain lease accounting…
Majority of surveyed tenants plan to expand their commercial real estate footprint in the New Year Woodbridge, NJ (Nov. 9, 2021) Visual Lease, the #1 lease optimization software provider, today unveiled a survey of 400 senior accounting and finance…
The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching. Three-quarters (75%) of privately held companies surveyed this spring…
Leasing a commercial property is a huge step for a business. The right space in the right location can attract ideal customers and take an entrepreneur’s business to the next…
Company continues to strengthen its senior leadership team Woodbridge, NJ – October 26, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that Erinn Tarpey, current Senior…
Partnership will empower organizations to accelerate their ability to comply with new lease accounting standards and maximize the value of their commercial real estate assets Woodbridge, NJ – October 13, 2021 — Visual Lease, the #1 lease optimization software provider, today announced a partnership…
Company now helps more than 800 organizations manage upwards of 500,000 leases Woodbridge, NJ – October 11, 2021 — Visual Lease, the #1 lease optimization software provider, today announced results…
Solution provider to host a series of virtual events, gathering industry experts to share unique insights and opportunities around lease accounting Woodbridge, NJ – Sept. 27, 2021 — Visual Lease,…
Are you truly getting the most value out of your financial technology? We recently surveyed 500 senior and accounting finance professionals and found that 53% of respondents use three to…
Woodbridge, NJ – September 13, 2021 — Visual Lease, the #1 lease optimization software provider, has been named a Best Place to Work in New Jersey by NJBIZ. The organization was recognized for its unique company culture, strong leadership, high levels of…
Public companies have significantly changed their financial processes in the past year and are not done yet, according to data released last month by Deloitte.
Woodbridge, NJ – August 30, 2021 — Visual Lease, the #1 lease optimization software provider, has been named the winner of a Gold Stevie® Award in the Employer of the…
Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to…
Private companies are facing a deadline on implementing the new lease accounting standard, but recent updates in the rules could make an impact on their financial statements and disclosures.
The financial world has a never-ending list of new standards and practices to adhere to, many of which intersect with the world of corporate real estate.
Organization recognized as one of the fastest-growing private companies in America for the second consecutive year Woodbridge, NJ – August 17, 2021 — Visual Lease, the #1 lease optimization software…
Visual Lease, the #1 lease optimization software provider, today unveiled the results of an in-depth study of 500 senior finance and accounting professionals analyzing where companies are in their efforts…
Visual Lease unveiled the results of an in-depth study of 500 senior finance and accounting professionals analyzing where companies are in their efforts toward achieving compliance with ASC 842. The report…
Package provides robust tech capabilities and all-inclusive implementation and support required to achieve lease accounting compliance with ASC 842 Woodbridge, NJ – August 10, 2021 — Visual Lease, the #1 lease…
While 100% of surveyed companies agree on the business value of complying with the lease accounting standard, most are underconfident and unprepared for the looming deadline Woodbridge, NJ (July 29,…
Company reports key strategic investments and double-digit annual recurring revenue growth year-over-year Woodbridge, NJ – July 20, 2021 — Visual Lease, provider of the #1 lease optimization software, today announced results from…
Woodbridge, NJ – July 15, 2021 — Visual Lease, provider of the #1 lease optimization software, has been ranked among the Top 100 Software Companies of 2021 by The Software Report. Visual...
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Provides a proven and fully supported path to achieve lease accounting compliance with GASB 87 in 50 business days or less Woodbridge, NJ – July 12, 2021 — Visual Lease,...
Read MoreIn a 2020 IDC survey, 42% of technology decision makers reported that their organizations planned to invest in technology to close the digital transformation gap. We expect that number has…
Woodbridge, NJ – June 29, 2021 — Visual Lease, provider of #1 lease optimization software, has been identified by G2 as a “High Performer” in the Summer 2021 quarter for Lease...
Read MoreLast year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private company executives…
Woodbridge, NJ – June 22, 2021 — Visual Lease, provider of the #1 lease optimization software, today announced that Guy Zerega has joined the organization as Senior Vice President of Sales, responsible...
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Woodbridge, NJ – June 21, 2021 — Visual Lease, provider of the #1 lease optimization software, has been named a Top Workplace in 2021 by NJ.com. This recognition comes on the heels...
Read MoreReal estate leases can serve as key strategic assets for companies, presenting opportunities to improve the execution of a business strategy while also creating operational efficiencies. But leases also present…
The Governmental Accounting Standards Board released updated implementation guidance for its leases standard, which is going into effect soon, along with other accounting standards for state and local governments.
In response to the ongoing effects of Covid-19, businesses across all industries have had to adjust not only their strategies and goals but also their workflow and styles to remain…
For companies that are reporting on a calendar year and have completed their audit, CFOs have recently received or will shortly receive a management letter from their auditors. The management…
In-house team regularly shares valuable insights to help companies gain confidence with their compliance to ASC 842 and GASB 87 Woodbridge, NJ – May 10, 2021 —Visual Lease, the #1 lease optimization software, now offers complimentary workshops to help organizations achieve and maintain compliance with the new lease accounting...
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Woodbridge, NJ – May 4, 2021 — Visual Lease, the #1 lease optimization software, has been honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in...
Read MoreIt’s been just over a year since the U.S. experienced a series of lockdowns in response to the Covid-19 pandemic. Lessees and lessors have had to quickly adjust their strategies to…
Company continues to make strategic investments to help organizations manage, account for and maximize every asset within their lease portfolio Woodbridge, NJ – April 19, 2021 — Visual Lease, the...
Read MoreLandlords and tenants are struggling to reconcile 2020 building operating expenses and service charges in an atmosphere of highly irregular occupancy and operational adjustments.
With the ASC 842 deadline for private companies looming, there are several things private organizations can do to set themselves up for success.
Real estate, as an industry, has been more accepting of technology’s benefits to the trade in recent years. A growing number of real estate companies and professionals have embraced tech…
Commercial real estate overhead has never faced more scrutiny. While today’s highly agile workforce brings with it a newfound level of productivity, there are various impacts and considerations felt across…
These are the considerations that financial professionals should keep in mind to ensure they are prepared for changes that may emerge due to COVID-19.
To survive and thrive in today’s new norm, these same companies now need to evaluate how these decisions will continue to affect the leasing landscape, and what that means for…
Article: Uncover an unlikely profit center: transforming lease compliance into savings opportunities
This past year, organizations across the globe have faced unprecedented challenges as they navigate new business models and virtual work environments. For many, it’s been a race against the clock…
Another day, another breathless survey repeating what we’ve been hearing for the last year: work-from-home is more than just a passing trend, and it just may be here to stay….
Commercial office leases were on the chopping block last year as companies grappled with the impacts of COVID. Of the companies surveyed in a new Visual Lease report, 50% received…
Research uncovers how the pandemic has impacted landlords and tenants, and trends to expect within the commercial real estate market Woodbridge, NJ – January 25, 2020 —Visual Lease, the #1 lease optimization software, published its lease market trends report, which explores how the leasing industry has changed as a result of COVID-19. In 2020, the...
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Company grows its customer base by 21% and revenue by 22% YoY, emerges as the market’s leading lease optimization software Woodbridge, NJ – January 19, 2020 — Visual Lease, the...
Read MoreHow has COVID-19 impacted the road to compliance and the accounting industry? Visual Lease’s Joe Fitzgerald discusses why FASB has proposed new changes to its lease guidelines and what it…
Woodbridge, NJ – December 17, 2020 — Visual Lease, the leader in lease accounting and management software, today announced the company was named No. 10 on NJBIZ’s list of New...
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Innovative product enhancement makes it faster, easier and more scalable for companies to activate their system integrations Woodbridge, NJ – December 9, 2020 — Visual Lease, the leader in lease accounting and management...
Read MoreAs the accounting profession navigates the challenges brought on by COVID-19, FASB shifted the deadline to grant private companies more breathing room to achieve compliance with its major lease accounting…
In the current economic environment, businesses are searching for new ways to save cash. However, they often overlook one critical aspect of their business: real estate management. Real estate leasing…
Expansive demand for robust lease accounting and management solutions drives 1,193% revenue growth over a three-year period Woodbridge, NJ – November 18, 2020 — Visual Lease, the leader in lease...
Read MoreIn the current economic environment, businesses are searching for new ways to save cash. However, they often overlook one critical aspect of their business: real estate management. Real estate leasing…
As COVID-19 has wreaked havoc on the CRE industry, many tenants have been forced to make tough decisions when it comes to commercial real estate leases. Marc Betesh, founder and…
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve three areas of the leases guidance.
Latest software release delivers lease portfolio management functionality to help customers more effectively address COVID-19 impacts Woodbridge, NJ – October 9, 2020 – Visual Lease, the leader in lease accounting and management...
Read MoreSelf-service, video-based instruction helps customers maximize the use of their lease lifecycle management solutions Woodbridge, NJ — October 1, 2020 — Visual Lease, the leader in lease accounting and management...
Read MoreFollowing the FASB’s recent decision to extend the deadline for its ASC 842 standard for a second time, privately held companies have an additional 12 months to prepare to comply…
Interactive tool creates custom project plans around FASB and GASB compliance target dates, and guides companies through every step of the process Woodbridge, NJ — September 25, 2020 — Visual Lease,...
Read MoreLease accounting and management consulting expert to inform product innovation and support GTM thought leadership Woodbridge, NJ – September 21, 2020 — Visual Lease, the leader in lease accounting and...
Read MoreSince the start of the Covid-19 outbreak, commercial tenants have fallen behind on rent payments as cities across the U.S. have been on full or partial lockdown for months on…
Lease lifecycle management solution provider upgrades hosting infrastructure to improve customer experience and support its strategic growth plans Woodbridge, NJ – September 17, 2020 — Visual Lease, the leader in...
Read MoreEnhanced features improve the efficiency & accuracy of audit preparation Woodbridge, NJ – September 16, 2020 — Visual Lease, the leader in lease lifecycle management and accounting software, today announced its...
Read MoreOffice Lease Transparency Is More Important Than Ever: A Q+A With Marc Betesh, CEO and Founder of Visual Lease about where he thinks the office lease market is heading.
Visual Lease recently surveyed tenants to see how they have been impacted, any payments they withheld or concessions they have been offered, and how the pandemic is impacting their future…
Fall and winter will bring more lawsuits and evictions, industry sources say. CEO of Visual Lease, Marc Betesh, comments.
Visual Lease featured in CHRO Moves for appointing Amy Land as Director of Human Resources.
Visual Lease, a lease accounting and management solutions provider, has appointed Amy Land as Director of Human Resources.
Marc Betesh interviewed with Akiko Morris at The Real Deal around TikTok’s lease and the growing work from home trend.
Woodbridge, NJ – August 18, 2020 – Visual Lease, a leading provider of lease accounting and management solutions, today announced the appointment of Amy Land as Director, Human Resources. In her role,...
Read MoreWhat Contractors Don’t Know About Equipment Leases Could Cost Them a Fortune. Marc Betesh, Visual Lease CEO and Founder gives his insights and tips on what you should know about…
Marc Betesh quoted throughout the article about Simon Property Group, the biggest mall owner in the country,being in talks with Amazon to turn some of the vacant anchor stores in…
Woodbridge, NJ – August 13, 2020 – Inc. magazine yesterday announced that Visual Lease ranked #389 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing...
Read MoreNJ-based company, Visual Lease, made the list of one of Inc. 5000’s fastest-growing companies.
Woodbridge, NJ — August 11, 2020 — Visual Lease, the leader in lease accounting and management software, today announced its newest product release, version 20.3. This release features new lease...
Read MoreCOVID-19 has already impacted the market for leased real estate and companies’ plans for leasing. In fact, 30 percent of 109 respondents to a recent survey conducted by Compliance Week…
A large number of companies have failed to make rent payments on their unoccupied commercial properties as ongoing COVID-19 shelter-in-place orders have shuttered operations.
Large, privately held manufacturing company identifies and consolidates global lease portfolio, completing implementation in less than 90 days Woodbridge, NJ — July 9, 2020 — Visual Lease, the leading provider...
Read MoreView the latest article from Monitor Daily which features a guide on this year’s best commercial real estate apps.
Series features partners, customers & lease industry experts Woodbridge, NJ – June 29, 2020 - Visual Lease, the leader in lease accounting and management software, today announced the launch of...
Read MoreVisual Lease released its latest product, 20.2, providing expanded lease accounting and reporting capabilities for global and national companies required to comply with GASB 87 and FASB 842.
The legislation “significantly impacts the validity of existing contracts,” quoted Marc Betesh. “It would completely undermine the real estate industry and the economy. If you can’t rely on the validity…
20.2 release delivers industry-leading GASB 87 & FASB 842 compliance functionality Woodbridge, NJ – June 25, 2020 - Visual Lease, the leader in lease accounting and management software, today announced...
Read MoreVisual Lease supports the local town of Woodbridge, NJ with donations to support essential workers during COVID-19.
Woodbridge, NJ – May 27, 2020 – Visual Lease, the leader in lease accounting and management software, today announced it is the recipient of the Top Accounting Solution Companies 2020...
Read MoreRestaurants and retailers are seeking rent concessions this spring to ease cash flow as stay-at-home orders slammed their businesses.
While the deadline for FASB lease accounting compliance will likely be pushed back, now is certainly not the time for your clients to press pause on getting a handle on…
Woodbridge, NJ — May 20, 2020 — (BUSINESS WIRE) --Visual Lease, the leader in lease accounting and management software, today released findings from a recent customer survey that probed the...
Read MoreAlmost half of New York renters said they will struggle to make today’s rent payment.
How is #COVID19 impacting commercial lease agreements? Visual Lease CEO Marc Betesh joins Jill Malandrino on Nasdaq #TradeTalks to discuss how businesses are being impacted by the coronavirus the move…
Technology can help companies comply with ASC 842 while focusing on rebuilding post-COVID-19.
With ever changing needs to lease agreements as the pandemic unfolds, real estate stakeholders are calling for technology that provides quick access to documents for modification.
The entire commercial real estate sector will be affected, and the uncertainty hits tenants and landlords alike. Can I afford to keep paying rent?
Woodbridge, NJ — April 13, 2020 — Visual Lease, the leader in lease accounting and management software, today announced it has been named a 2020 “Best Place to Work in...
Read MoreIt’s crucial to properly manage lease documentation to avoid serious financial risks, such as overpayment or missed renewal dates. Furthermore, proper lease management has become more critical than ever due…
Thousands of renters are suddenly in a position where they don’t have the money to pay rent. Small-scale landlords are facing their own crisis.
Leading lease accounting and management solution provider expands executive team to support the next phase of its strategic growth Woodbridge, NJ - March 30, 2020 - Visual Lease, a leading provider...
Read MoreNew GASB 87 lease accounting module provides government entities and public sector organizations with simplified lease accounting compliance Woodbridge, NJ, February 19, 2020 – Visual Lease, the leader in lease accounting...
Read MoreAudit, tax and consulting services firm partners with Visual Lease to provide clients with a solution to efficiently comply with new accounting standards Woodbridge, NJ (November 12, 2019) – Visual Lease,...
Read MoreThe Financial Accounting Standards Board (FASB) approved its August 2019 proposal to grant private companies, not-for-profit organizations, and certain small public companies various effective date delays on its credit losses…
CFOs of private companies don’t have much time to comply with new lease accounting standards even if FASB extends the start date a year, as it has proposed.
Woodbridge, NJ, July 16, 2019 – Visual Lease, a cloud-based lease management and accounting software provider, received a growth investment from Spectrum Equity, a leading growth equity firm investing in…
Marc joins ranks of unstoppable entrepreneurs in New Jersey region Woodbridge, NJ, May 6, 2019 – EY today announced that Marc Betesh, Founder and CEO of Visual Lease, is a…
Visual Lease featured in the #BeKind segment of ABC 7 (NY) Eyewitness News for their participation in a 'Have a Heart' food drive.
Read MoreLeading web-based software solution helps Baker Tilly clients with multiple real estate, vehicle and equipment leases efficiently comply with new accounting standard Woodbridge, NJ (March 7, 2019) – Leading advisory, tax...
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Woodbridge Mayor John McCormac thanks Visual Lease CEO Marc Betesh for generous contribution to “Have-A-Heart” food drive. Have-A-Heart supplies Woodbridge food pantries with food donated from local business, schools and…
Visual Lease, a New Jersey-based lease management and accounting SaaS company, today announced Clark Convery joined its team as Chief Operating Officer. Prior to Visual Lease, Convery was General Manager of the Enterprise…
Last month, Visual Lease joined Bloomberg to sponsor a black tie gala that raised over $130,000 for All Hands and Hearts — Smart Response, a non-profit organization that provides disaster…
WOODBRIDGE, N.J., April 12, 2018 /PRNewswire/ — Visual Lease, the leading provider of end-to-end lease accounting & management software, received a minority growth equity investment from Growth Street Partners. Visual Lease’s…
Deal bolsters cloud-based lease management and ASC 842 services CHICAGO — Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, has entered into a preferred vendor agreement…
Woodbridge, NJ – February 26, 2016 – In 2006, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) undertook a project to address the widespread criticism...
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WOODBRIDGE, NJ, September 15, 2015 - The Financial Accounting Standards Board (FASB) and its international counterpart the International Accounting Standards Board (IASB) are expected to release their final respective versions...
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Woodbridge, NJ – April 7, 2015 – Visual Lease, the leading provider of cloud-based Lease Administration software for Fortune-1000 companies with multiple locations, announced today that Michael Bell has joined...
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Woodbridge, NJ – March 12, 2015 – Today, Visual Lease is announcing a fundamentally new approach for processing real estate Operating Expense, Tax and Common Area Maintenance (CAM) Invoices and...
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