The Shrinking Lease Tech Landscape

Stop us if you’ve heard this one before.

In a specialized technology space that experiences a major event – something along the lines of the ASC 842 standard redefining compliance – several new competitors emerge with tech platforms that promise to solve whatever issues your enterprise may be facing faster than anyone else.

What starts as an unknown frontier of growth and possibilities soon becomes a well-defined and mature market.

It’s a very familiar curve, and what comes next is an industry-wide contraction that could very well determine the effectiveness of your lease accounting capabilities for years to come.

A Perfect DNA Match

What the Visual Lease Acquisition Offers Customers

A Perfect DNA Match

For organizations that rely more than ever on lease accounting tech, this isn’t just an interesting story to page through in a trade publication. It’s a very real depiction of the uncertainty and rampant change happening with the tools they need every day for their financial operations. The last 18 months alone have seen lease accounting providers acquire competing platforms only to then be acquired themselves by a larger, generalized software purveyor.

For lease accountants, that means realizing that the platform that you invested in on promises of support, active development and security may be an entirely different one if it’s acquired by a venture capital firm or a mega software provider that simply wants to add another notch to an already-too-big portfolio of offerings. Even if the name of the product stays the same for now, can you be entirely confident that your platform’s new owner has your interests in mind before theirs?

Can you be entirely confident that your data will be secure when you didn’t vet the new acquiring body at all?

That bait-and-switch feeling doesn’t have to be a reality. Lease accounting continuity and stability should be a priority for any enterprise, and that means aligning with lease accounting software providers who have an established track record of customer retention and support.

As combinations and consolidation continues in the lease accounting space, your business very well may depend upon it.

What's Next for Lease Accounting in 2025?

There's more than a tech change coming, are you ready?

What's Next for Lease Accounting in 2025?