case study
Dedicated Team
Company
LeaseCrunch
Background
LeaseCrunch is an innovative SaaS platform designed to streamline lease accounting and reporting for businesses. It simplifies compliance with complex accounting standards like ASC 842, IFRS 16, GASB 87, GASB 94, and GASB 96. Its user-friendly interface, in-app guidance, and compatibility with various ERP systems made it a valuable tool for companies navigating the evolving landscape of lease accounting.
Challange
Vision to Revolutionize Lease Reporting:
Tim and Matt, the founders of LeaseCrunch, aimed to transform lease reporting with a comprehensive SaaS application.
Budget Constraints:
They faced significant limitations due to their bootstrapped budget, as the lack of venture capital backing hindered their ability to accelerate development.
Reaching a wider audience was also challenging without sufficient financial support.
Solution
Seeking External Support:
LeaseCrunch recognized the need for external assistance to speed up their development timeline and ensure a successful launch.
Partnership with The Central Matrix:
LeaseCrunch partnered with The Central Matrix for help, and within two weeks, The Central Matrix provided them with a dedicated team. The team focused on advancing the development and functionality of the app, all while staying within LeaseCrunch's budget constraints.
Results
The partnership between LeaseCrunch and the development team yielded remarkable results:
Successful Launch:
The LeaseCrunch platform was launched successfully, offering a more robust and comprehensive suite of lease accounting tools to businesses.
Customer Acquisition:
Within a year, LeaseCrunch experienced significant growth in its customer base, attracting businesses across various states
Investment from Aquiline Capital Partners:
LeaseCrunch's success and market traction caught the attention of Aquiline Capital Partners, a prominent investment firm specializing in financial services and technology. This investment provided LeaseCrunch with the financial resources to further accelerate its growth and expand its market reach.
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