LeaseAccelerator won a Bronze Stevie Award in the Company of the Year, Computer Software category at the 16th Annual American Business Awards.

LeaseAccelerator is the first enterprise application designed specifically to help companies comply with the new lease accounting standards and automate the business process lifecycle for their leases. The typical Fortune 500 company has between 1,000 and 10,000 leases, representing a dollar value between $100 million and $15 billion, but has no enterprise application to track these financing arrangements or the underlying assets. LeaseAccelerator enables companies to automate the record-to-report, procure-to-pay and acquire-to-dispose lifecycles for real estate, vehicle fleet, IT and other equipment leases.

“We are pleased that not only LeaseAccelerator, but also the new category of software – Enterprise Lease Accounting – is being recognized for its critical importance to business performance,” said Michael Keeler, CEO of LeaseAccelerator. “Leasing is one of the few multi-trillion-dollar business processes that has not yet been disrupted by technology. We strive to help companies comply with SEC accounting regulations and save millions of dollars per year through smarter procurement and financing strategies,” noted Keeler.

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Live Event of the Year and App of the Year, among others.

“The nominations submitted for The 2018 American Business Awards were outstanding. The competition was intense, and those recognized as Stevie Award winners should be immensely proud of this accomplishment,” said Michael Gallagher, president and founder of the Stevie Awards.

All organizations operating in the U.S. are eligible to submit nominations for the American Business Awards – public and private, for-profit and non-profit, large and small.