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LeaseCrunch
Ane Ohm co-founded LeaseCrunch in 2014 to automate lease accounting under ASC 842, selling through CPA firms to corporate controllers and auditors.
LeaseCrunch
LeaseCrunch launched in 2014 in Milwaukee, Wisconsin, co-founded by CEO Ane Ohm, a former real estate partner at a regional accounting firm who saw the compliance wave coming. The firm's original insight was narrow and premeditated: the Financial Accounting Standards Board was writing ASC 842, which would eliminate off-balance-sheet operating leases. Every public company and many large private companies would need new software. Ohm and her team started coding years before the rule took effect, then sold into the CPA channel, positioning LeaseCrunch as a tool for auditors and accountants rather than a broad enterprise resource planning competitor. The software performs three core tasks: it extracts lease data from agreements, runs the amortization schedules and classification tests required under ASC 842, IFRS 16, and GASB 87, and generates the journal entries and footnote disclosures for financial statements. The target buyer is not the CFO's office directly but the audit firm and the corporate controller's lease-accounting team. LeaseCrunch markets heavily through the American Institute of Certified Public Accountants channel, where it maintains a partnership, and competes with lease-accounting modules bolted onto platforms like MRI Software, Yardi, and NetLease. The firm has released discrete product versions for public-sector entities and nonprofit organizations that follow GASB standards. LeaseCrunch remains private and founder-led, with Ane Ohm acting as both CEO and the chief subject-matter expert. The firm does not disclose headcount or revenue, though its LinkedIn footprint and industry conference presence suggest a compact team. The company's address is listed at a Milwaukee office, and there is no public record of satellite offices or international subsidiaries. Its software is a single-tenant web application that integrates with QuickBooks Online, Sage Intacct, and other general ledgers. In October 2023, the firm published guidance on the FASB's proposed changes to related-party lease treatment under ASC 842, signaling it remains actively engaged with the standard-setters (per the firm's blog, October 2023). LeaseCrunch's competitive edge is structural simplicity. Unlike most accounting-software companies, it does not try to be a full ERP suite — it is a narrowly scoped tool for a discrete, mandatory workflow that has no off-ramp for public companies. This makes its product a compliance purchase, not a productivity pitch, and that changes the sales cycle. The CPA channel creates a distribution moat that generalist SaaS companies find difficult to replicate, because audit-firm referrals carry regulatory weight with controllers navigating new standards.
General information
Firm type
other
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Milwaukee
Corporate office
Milwaukee, WI, United States
Principals
Ane Ohm
Co-Founder & CEO
Sector focus
Frequently asked questions
Who runs LeaseCrunch and what is her background?
Ane Ohm is the co-founder and CEO. Before LeaseCrunch, she was a partner at a Milwaukee-based real estate accounting firm, where she specialized in lease audits and noticed the impending disruption from ASC 842. She started coding the software in 2014, several years before the standard took effect, and remains the public face of the company at industry events.
What accounting standards does LeaseCrunch cover?
The software handles ASC 842 for US GAAP reporters, IFRS 16 for international filers, and GASB 87 for state and local governments. It is designed to classify leases, run net-present-value calculations, generate amortization schedules, and produce the journal entries and footnote disclosures required under each standard. The firm has added separate product versions for public-sector and nonprofit entities.
How does LeaseCrunch sell its software?
The primary channel is through CPA firms and audit partners. LeaseCrunch is an American Institute of CPAs member benefit partner, a relationship that embeds it into the workflow of auditors who then recommend the tool to their corporate clients. The company also sells directly to corporate controllers and lease administrators but positions itself as an auditor-friendly platform rather than a broad enterprise deployment.
Who competes with LeaseCrunch in the lease accounting market?
Competitors include lease-accounting modules embedded in larger systems such as MRI Software, Yardi, and NetLease, as well as standalone tools like Visual Lease and CoStar's lease-management products. LeaseCrunch's differentiator is its exclusive focus on the compliance calculation and audit trail, without expanding into facility management or broader real estate portfolio administration.
Does LeaseCrunch take outside capital or have institutional investors?
LeaseCrunch does not publicly disclose a venture capital raise or private equity investment. The firm appears to be founder-funded and bootstrapped, consistent with its narrow product scope, Milwaukee headquarters, and absence of expanded marketing push typical of venture-backed SaaS companies.
Is LeaseCrunch a public company?
No. LeaseCrunch is a privately held Wisconsin limited liability company. It does not report revenue, headcount, or ownership publicly, and its stock does not trade on any exchange.
What led to the founding of LeaseCrunch?
Ane Ohm and her co-founders anticipated the Financial Accounting Standards Board's ASC 842 lease accounting standard, which was under development in the early 2010s. The standard would eliminate off-balance-sheet operating leases for public companies, creating a mandatory compliance event. LeaseCrunch was founded in 2014 — two years before ASC 842 was finalized — expressly to serve that forthcoming market.
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