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Visual Lease Solidifies Enterprise Market Leadership Position in 2023

By January 18, 2024Press Releases

Lease optimization software provider redefines excellence with a single system of record
for lease accounting, management and sustainability tracking

Woodbridge, N.J. January 18, 2024Visual Lease (VL), the #1 lease optimization software provider, today announced its results from 2023, reporting sustained double-digit annual recurring revenue and customer percentage growth, year-over-year.

“Visual Lease’s accomplishments in 2023 serve as a launchpad for our journey ahead,” said Robert Michlewicz, VL’s Chief Executive Officer. “Drawing upon our 25+ years of deep domain expertise and inspired by the strategic input we continue to seek and incorporate from our customers and partners; we’ve made focused investments in our platform and support offerings to increase the value to our users and partners. We also continue investing in our people to foster cross-departmental collaboration and support expanded growth and development opportunities for our team. As a result, VL has been consistently recognized for its unique ability to help enterprises leverage their lease portfolio to drive more strategic financial and operational outcomes.”

In 2023, Visual Lease:

Solutions and Services

  • Launched its newest offering, VL ESG Steward™, the first carbon accounting and sustainability management solution for enterprise real estate and equipment portfolios. Since its launch, VL has released several new capabilities, including managed emissions factors for International Energy Grids, intelligent imports to establish organizational boundaries and upload sustainability entries at scale, detailed reports and exports, advanced user permissions and flexible configurations.
  • Introduced product enhancements, including updating the user interface of its lease accounting solution, delivering a new Currency API to automatically update and synchronize foreign exchange rates, enhancing its GASB Roll Forward Report for lessees to gain visibility into asset and liability activity that occurred in the reporting period and elevating its Accumulated Amortization feature.
  • Expanded its network of consulting, reporting, technology and data partners, providing additional financial and operational benefits to mutual customers by strengthening its existing relationships with Cresa Lease Administration, Scribcor and others. VL also deepened its relationship with managed services partner RSM US LLP.
  • Hosted its second annual Customer Advisory Board (CAB) Summit in San Antonio, TX, a multi-day event where select customers and partners gathered to discuss industry trends, as well as review and provide feedback on VL’s roadmap.
  • Announced the winners of its annual Customer Excellence Awards, recognizing American Axle Manufacturing, Compass and Quanta Services for capitalizing on VL’s unique capabilities to streamline critical workflows, promote cross-departmental collaboration and ensure data accuracy. VL also recognized RSM US LLP as its Partner of the Year for the work it is doing to help organizations implement processes and technologies to recognize risks and opportunities across their lease portfolios.
  • Established Technical Account Managers (TAMs) to address enterprise clients’ evolving business needs, extending value to direct customers and supporting the company’s growing global partner network.

Industry Recognition



  • Named a Best Place to Work in New Jersey by NJBIZ for the fourth consecutive year, recognized for its culture, strong leadership, high levels of employee satisfaction and the many growth and development opportunities provided to the team.
  • Held its Summer Innovation Days, gathering team members from across the organization to come together and share creative ideas for developing new platform capabilities to support customers’ needs and align with its corporate vision.
  • Hosted its inaugural VL Week, providing an opportunity for employees to learn, connect and apply key concepts that are critical to supporting its customers, collaborating with its global partners and achieving shared corporate goals.

To keep up with the latest findings from The Visual Lease Data Institute and additional announcements from Visual Lease, visit the Visual Lease Newsroom.

About Visual Lease

Visual Lease is the #1 lease optimization solution provider, empowering organizations to leverage their lease portfolio for strategic financial and operational outcomes. Our powerful and secure platform serves as a centralized system of record for all lease financial, operational and legal data, and is purpose-built to support every team that interacts with a company’s lease portfolio. Informed by nearly three decades of experience, our solutions help companies easily sustain compliance with FASB, IFRS, GASB and ISSB reporting requirements, and mitigate the risks and maximize the value associated with their lease records. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally. For more information, visit

Media Contact:

Erica Bonavitacola
Visual Lease
T+1 732 860 4838

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