LeaseAccelerator, a lease lifecycle automation software provider, and RE BackOffice, a provider of lease services, entered a partnership that will allow the two companies to add value to their respective client bases with products, service offerings and thought leadership.

Backed by more than 15 years of experience, RE BackOffice is a provider of lease abstraction, administration and accounting services, catering to clients across various industry verticals, including retail, corporate, tower, healthcare, REITs, property owners and managers. Some of the brands that RE BackOffice serves include 7-Eleven, Sleepys, Crown Castle, CBRE, H&M and JLL.

“We are excited about this opportunity to partner with LeaseAccelerator. Working together, we can offer our clients a comprehensive solution to lease portfolio management and lease accounting compliance,” Holly Khera, CEO of RE BackOffice, said. “When we thought of forming a partnership, we sought a company that could match our wide range of services and had the kind of standing that RE BackOffice has across various industry verticals. With LeaseAccelerator as the only provider in the market to offer a complete lease lifecycle automation solution, they were a natural fit for this partnership.”

LeaseAccelerator offers a lease lifecycle automation solution that is used by public, private and government organizations, including Carnival Corporation, Dow Chemical, OSF HealthCare and HP.

“With the deadlines for ASC 842 and GASB 87 lease accounting standards coming up this year, private companies and government organizations need expert advice and services to streamline their adoption. By combining RE BackOffice’s proven lease abstraction and administration services with LeaseAccelerator’s decades of lease lifecycle automation expertise, we remove cost and risk from the adoption process across real estate and equipment leases,” Michael Keeler, CEO of LeaseAccelerator, said.