Ecologic Leasing Services, the LeaseAccelerator SaaS company, announced it is changing its name to LeaseAccelerator Services. The new name more closely unifies the asset-centric lease accounting software for lessees with the company behind it. The change is effective immediately.

“In 2001, Ecologic Leasing Services began work on a web-only, hosted software platform to automate the procure-to-pay cycle for multinational lessees. That was the birth of LeaseAccelerator,” said Michael Keeler, CEO at Ecologic Leasing Services. “Several years later, when we saw the potential for the software services we had built, we decided to focus 100% on the cloud-based delivery model and radically lower our cost to customers by reducing our cost of customer acquisition. Now with this name change, our goal is to align the name of the company with what we do.”

The LeaseAccelerator SaaS and its lesseadvocate.com community website are unaffected by this change. LeaseAccelerator Services has changed its corporate website from ecologicleasing.com to leaseaccelerator.com.

As part of today’s announcement, the company launched a new website at leaseaccelerator.com. It includes sophisticated pricing tools that allow customers to explore LeaseAccelerator’s features, select only the discrete services they need, generate a customized price quote, configure their payment preferences, and even calculate their savings and Return on Investment by manipulating more than 20 variables. “Most finance executives think transitioning to the proposed FASB and IFRS lease accounting standard is simply an unavoidable compliance cost. With LeaseAccelerator, it can be a major cost-savings project with a fast payback. We have the ROI model and case studies with Fortune 500 companies to prove it. It’s all on our new website”, said Keeler. 

LeaseAccelerator is the leased asset management and FASB lease accounting software popular among controllers, accountants, treasurers, and procurement professionals of corporate lessees due to the ease and speed of enabling stakeholders around the world to maximize economic performance and contribute to accurate and timely financial reporting.

Common uses of LeaseAccelerator include reducing cost of capital on the front-end by bidding lease transactions to lessors registered in the Global Lessor Network, saving 4-8%; preventing evergreen leasing on the back-end through automated notifications and timely refresh, saving 4-15%; reporting contractual obligations for capital and operating leases under current GAAP; and preparing for the proposed FASB lease accounting standard changes, which requires asset-centric lease accounting and multiple sets of books