Founder and present CEO, Marc Betesh, transitions to Govt Chairman as firm continues to broaden and evolve
WOODBRIDGE, NJ / ACCESSWIRE / August 1, 2022 / Visible Lease, the #1 lease optimization software program supplier, at this time introduced that Robert Michlewicz has been named CEO. Marc Betesh, the founder and present CEO, will now function Govt Chairman. The transition in administration construction will speed up Visible Lease’s progress and guarantee it stays the premier resolution supplier for lease accounting, administration and optimization.
“Robert has demonstrated that he has the expertise, perception and market information to scale our enterprise to new heights,” stated Visible Lease’s founder and CEO, Marc Betesh. “I began Visible Lease in 1996 to supply a simple method for corporations to have visibility into their leases, as a result of I noticed firsthand how even the slightest misstep in managing a lease can disrupt operations and price hundreds of thousands. The shortage of controls across the second-largest expense all the time baffled me. Now that the brand new lease accounting requirements have introduced leases onto the steadiness sheet, they’re below intense scrutiny by finance and accounting departments in all places. I’m thrilled to go the torch to a frontrunner that has in depth expertise within the monetary accounting software program area. Robert will assist us innovate, broaden and develop our providing to supply much more worth to our clients.”
New accounting requirements and sophisticated enterprise priorities, together with inflation, expertise shortages and the continuing wrestle to regulate in a newly post-pandemic world have introduced lease administration and accounting to the forefront for companies, however there’s nonetheless a lot to perform within the area. In line with the latest report from The Visible Lease Information Institute, The 2022 Lease Market Evaluation: Lease Accounting Readiness, regardless of leases sometimes making up a big portion of a company’s finances, almost three-quarters (71%) of personal corporations can’t say with confidence how a lot their leases value their enterprise.
“It’s an thrilling time to be at Visible Lease, which was not too long ago acknowledged because the market chief for each lease administration and accounting software program,” stated Robert Michlewicz. “I’m energized to broaden Visible Lease’s worth to our world clients by empowering them in assembly their wants throughout the workplace of finance whereas optimizing the operational effectiveness of their lease portfolios.”
Michlewicz, who not too long ago joined Visible Lease as President, has greater than twenty years of expertise within the monetary expertise sector, driving operational excellence in a number of high-growth corporations. Most not too long ago, he was Chief Technique Officer at Trintech, a number one supplier of worldwide Monetary Company Efficiency Administration (FCPM) software program. Throughout his almost 11 years there, the corporate maintained double-digital annual recurring income (ARR) progress, year-over-year. Previous to Trintech, Michlewicz was the Regional President for Bowne & Co. (former NYSE), the biggest world disclosure administration agency and was President of Chas. P. Younger Co., the place his firm performed a significant function in newly expanded SEC regulatory compliance reporting.
To maintain up with bulletins from Visible Lease, go to the Visible Lease Newsroom.
About Visible Lease
Visible Lease is the #1 lease optimization software program supplier. We assist organizations grow to be compliant with FASB, IFRS and GASB lease accounting requirements, whereas concurrently bettering the monetary, authorized and operational efficiency of their leases. Our easy-to-use SaaS platform is embedded with greater than three many years of greatest practices from main firms and main trade professionals. Our award-winning options are utilized by 1,000+ organizations to handle 500,000+ actual property, gear and different leased belongings. Dedicated to ongoing innovation and unparalleled customer support, Visible Lease helps organizations remodel their lease compliance necessities into monetary alternatives. For extra info, go to visuallease.com.
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SOURCE: Visible Lease
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