iLease Management
“Can a focused, bootstrapped SaaS own the mid-market ASC 842 lease-accounting niche by starting customers with lease tracking and upselling into full compliance?”
Founded2012
HQBeverly, Massachusetts, USA
FoundersJohn J. Meedzan, Sean T. Egan
IndustryVertical SaaS / Lease Accounting
The story
iLease Management is a bootstrapped vertical SaaS company founded in 2012 that has focused narrowly on lease accounting for mid-market lessees. The product evolved from a lease accounting tool into a two-tier platform: iLeaseXpress for small portfolios and iLeasePro for full ASC 842 compliance, with a separate Contract Management SKU added to broaden the top of funnel. There is no embedded-finance angle — the company is purely a compliance/accounting SaaS, monetized via subscription with Stripe as the merchant of record.
Product timeline
2012
iLease Management LLC founded in Beverly, MA to simplify lease accounting for mid-market companies.· pivot
2018
Released major integration enhancement with Sage Intacct, adding dimension-tagged GL sync.· product
2022
Partnered with Acumatica to deliver integrated ASC 842 lease accounting.· partnership
2022
Partnered with Zeal CRE for one-stop ASC 842 lease accounting + abstraction service.· partnership
2023
Achieved SOC 1 Type 1 certification.· compliance
2024
Achieved SOC 1 Type 2 certification for iLeasePro ASC 842 software.· compliance
2025
iLeasePro V2 in development; launched iLeaseXpress and Contract Management tier.· product
The stack
3 layers disclosed in iLease Management’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Accounting
in the full report
Accounting gap: none
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.