Working at LeaseAccelerator | Glassdoor

LeaseAccelerator Overview

Reston, VA
201 to 500 employees
2003
Company - Private
Computer Hardware & Software
Unknown / Non-Applicable
LeaseAccelerator provides global lease lifecycle management software to improve cash flow and compliance. Over 500 customers use our Software as a Service (SaaS) platform to manage and automate 700,000 equipment and real estate leases valued at $200 billion across 5 million ... Read more

Company Updates

  • Members of the LeaseAccelerator team in Chantilly, Virginia this morning helping with the Fairfax Watershed Cleanup near Cub Run Stream Valley

  • Who says lease accounting experts don't know how to have fun? Our team enjoyed meeting with attendees at our SAP Financials Conference booth

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LeaseAccelerator – Why Work With Us?


We’re Creating a New Category of Software

LeaseAccelerator is the industry’s first software application developed specifically for Enterprise Lease Accounting.  Fortune 500 companies lease much of the real estate and equipment they use to run their business.  Real estate leases might be for factories, warehouses, call centers, research labs, retail stores or corporate offices. Equipment might include office equipment (furniture, photocopiers), industrial equipment (forklifts, machinery), transportation equipment (trucks, planes) or IT equipment (laptops, servers).

We believe that leasing is one of the most poorly managed financial process in Fortune 500 companies. The average Fortune 500 company has between $100M and $1B of leases, which represent between 1000 and 10,000 assets. No other process with such high dollar values has so little governance, process and control. While corporate real estate leases have been increasingly centralized in recent years, few companies have assigned ownership to their IT, fleet and equipment leases. At most companies it would take weeks, if not months, to simply get a listing of all the active leases around the world.

But this is all about to change. 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.

Enterprise Lease Accounting Software

Leases are moving from an often-overlooked footnote to a highly visible line on the balance sheet. Most companies have a handle on their real estate lease portfolio, but even the most largest and innovative companies lack good data on their IT, fleet and equipment leases. LeaseAccelerator’s Global Lease Accounting Engine enables you track debits and credits at the asset level for all operating and capital leases. It provides you will all the data needed to comply with both the current (FASB ASC 840 and IAS 17) and new lease accounting standards (FASB ASC 842 and IFRS 16).

Enterprise Lease Administration Software

Companies choose leasing instead of buying because it saves money and offers the ability to refresh technology faster. But most companies never realize those benefits because they don’t proactively manage their leases. Most companies pay 10-12% more on equipment leases than they should. Instead of returning equipment at the end of the lease, companies continue to pay “evergreen fees” well past the end of term . And companies miss savings opportunities of 2-4% on their real estate by neglecting to identify landlord billing errors and failing to recover fees such as security deposits. Using LeaseAccelerator you can track all your leases throughout their lifecycle and capture millions in potential savings.

Enterprise Lease Sourcing Software

Most procurement departments aggressively negotiate the purchasing price for equipment such as forklifts, trucks and computers. But they fail to exercise the same rigor when it comes to securing financing for the equipment (i.e. the leasing terms). Using LeaseAccelerator you can put your leases out to bid in a competitive marketplace. Over 500 different commercial banks, independent lessors and manufacturer captive finance organizations can then bid on the leasing opportunity. The result is a significant reduction in cost savings of 6-8%. Those savings adds up quickly for large companies with leasing portfolios in excess of $100M. 

  • Are you interested in helping to define a new category of software – Enterprise Lease Accounting?
  • Do you want to help companies transition through one of the biggest accounting changes ever?
  • Would you like to help Fortune 500 companies tackle the most poorly managed aspects of their financial portfolios?

If so, LeaseAccelerator might be a great fit for you.  With a recent round of funding, we are currently focused on building out our sales and marketing organizations to take advantage of our extraordinary growth opportunity. But as we sign on new customers we expect to be hiring more operational personnel as well. So check back regularly for new openings.

Lease Accelerator Logo TM

  • We advocate for our customers’ success.
  • We are a model for our customers. We practice what we preach.
  • We work with high-integrity, smart, fun people who want to grow.
  • Everyone shares in driving value and enjoying rewards.
  • We never give up.

LeaseAccelerator Reviews

  • "Top Enterprise Lease Accounting Software is also Top place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Learning and Development Specialist Manager in Phoenix, AZ
    Current Employee - Senior Learning and Development Specialist Manager in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at LeaseAccelerator full-time (More than 10 years)

    Pros

    Flexible schedule, remote work available, friendly colleagues, knowledgable colleagues, industry leader

    Cons

    Unstable market sometimes leads to business pivots

    Advice to Management

    Improve your internal communication including business transparency

See All 26 Reviews

LeaseAccelerator Photos

LeaseAccelerator photo of: LeaseAccelerator and family helping out with stocking at South Lakes High School food pantry
LeaseAccelerator photo of: LeaseAccelerator + family & friends volunteer at Generosity Feeds
LeaseAccelerator photo of: National ice cream float day!
LeaseAccelerator photo of: Digging in to all the fun dishes LeaseAccelerator team members brought in
LeaseAccelerator photo of: Setting up all the food for the rooftop potluck
LeaseAccelerator photo of: Group photo at the rooftop potluck
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LeaseAccelerator Interviews

Experience

Experience
67%
0%
33%

Getting an Interview

Getting an Interview
34%
33%
33%

Difficulty

2.0
Average

Difficulty

Hard
Average
Easy
  1.  

    Support Specialist Interview

    Anonymous Interview Candidate in Reston, VA
    Declined Offer
    Positive Experience
    Easy Interview

    Application

    I applied in-person. The process took a week. I interviewed at LeaseAccelerator (Reston, VA) in September 2018.

    Interview

    Interview was pleasant. The person conducting the interview was polite, thorough, and asked questions that were very standard for any interview. They threw in a trick question at the end, but it was a very pleasant and personable experience. I was contacted the week following my interview.

    Interview Questions

    • What do you feel you can contribute to the support department?
      Why do you think you would be a good fit?
      Why are man-hole covers round?   Answer Question
See All 3 Interviews

LeaseAccelerator Awards & Accolades

  • Alexander Hamilton Award - Technology Excellence Category Winner, Treasury & Risk Magazine, 2015

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