Crunchafi Introduces AI Lease Abstraction to Simplify Lease Accounting
Crunchafi has launched AI Lease Abstraction in its Lease Accounting product, using advanced AI to rapidly extract key lease contract details like term and dates, significantly reducing manual data entry time and enabling accounting firms to accelerate lease processing and focus more on analysis and client service.
New capability accelerates lease entry by using AI to extract key details from lease contracts.
MILWAUKEE, November 4, 2025 — Crunchafi, a leader in SaaS technology for accounting and financial professionals, today announces the addition of AI Lease Abstraction to its Crunchafi Lease Accounting product.
The feature uses advanced document intelligence to interpret lease contracts and automatically extract key details such as lease term, start and end dates, and asset information.
“What used to take several minutes of data entry now takes seconds,” said Shri Iyer, CPO of Crunchafi. “AI Lease Abstraction is a change that makes a big impact, helping firms move faster from document review to accounting insights.”
AI Lease Abstraction is the latest step in Crunchafi’s broader effort to simplify complex accounting processes. By using AI Lease Abstraction, the company aims to help firms spend less time on manual work and more time on analysis and client service.
About Crunchafi
Crunchafi, formerly LeaseCrunch, is a leading provider of cloud-based SaaS products built for accounting and financial professionals. Crunchafi’s solutions simplify lease accounting and data extraction, helping CPA firms work smarter and deliver strategic value faster. Trusted by over 750 firms, Crunchafi combines accuracy, scalability and expert support to power the future of accounting.
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About Crunchafi
Crunchafi, formed in 2024 from the merger of LeaseCrunch and Finagraph, provides intuitive software solutions that help over 750 CPA firms and 27,000 companies streamline complex lease accounting, automate real-time financial data collection and analysis, improve workflow efficiency, and strengthen client relationships, earning a 4.8-star rating on G2 and partnering with 10 alliances to support accounting and financial professionals worldwide.
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Crunchafi is a lease accounting software designed for CPA firms that automates complex lease accounting tasks by enabling collaborative data entry via a dual-access dashboard, generating instant audit-ready reports including journal entries and amortization schedules, utilizing AI to extract lease details from contracts for faster accuracy, and providing expert support and annual SOC compliance reports to ensure streamlined, compliant, and efficient lease accounting processes.