ProNexus Selects LeaseCrunch® as Lease Accounting Solution to Clients
LeaseCrunch®, a cloud-based lease accounting software designed by former CPA auditors to help implement ASC 842 and IFRS 16 standards, has been selected by ProNexus, a non-attest finance and accounting firm with 12 offices in New York and Michigan, to provide lease accounting solutions including calculation of Right of Use assets and liabilities, amortization tables, journal entries, and disclosures for their clients.
MILWAUKEE, May 2, 2019 – LeaseCrunch®, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, announced that ProNexus will use LeaseCrunch® software as their lease accounting solution for their clients.
“We are excited to work with ProNexus, a highly regarded non-attest finance and accounting firm, in helping their clients meet the new lease accounting standards,” said Ane Ohm, CEO of LeaseCrunch®.
ProNexus offers a wide range of general finance and accounting services to clients, including CFO and Controller Services; technical accounting and financial reporting; tax support; and governance and compliance. ProNexus serves clients through 12 offices in New York and Michigan.
“LeaseCrunch® is an integral part of our lease accounting initiatives, assisting clients in implementing ASC 842,” said Rafael Vidal, Co-Founder of ProNexus. “LeaseCrunch® provides the ability to calculate the Right of Use assets and liabilities for Day 1, as well as lease activities going forward for Day 2 and beyond. The tool provides amortization tables, journal entries, disclosures and is user friendly. We are proud to be partners with LeaseCrunch®.”
About LeaseCrunch®
Named by Accounting Today as one of the top new products of 2019, LeaseCrunch® provides cloud-based lease accounting software for CPA firms, designed to help organizations implement the new lease accounting standards, ASC 842 and IFRS 16. Designed by CPAs, former Big 4 public accounting auditors, software development veterans and a former member of the FASB staff, the application offers an easy-to-use customer interface that delivers “audit in a box” lease accounting services, reducing the time it takes clients to prepare for an audit. LeaseCrunch® allows companies to identify policy elections for the leasing standard through templates for both US GAAP and IFRS. For more information go to: www.LeaseCrunch.com
About ProNexus
ProNexus, LLC (www.pronexusllc.com) is a non-attest finance and accounting firm that offers scalable, customized Finance, Accounting, and IT solutions and consulting services from strategy and leadership to project execution. ProNexus supports the offices of the C Suite using a unique blend of engagement models:
- Consulting - assess needs, make recommendations, and deliver results;
- Projects – support CEOs, CFOs, CIOs to accomplish critical projects;
- Outsourcing/Co-Sourcing - Internal Audit, Tax, Accounting, PMO;
- Interim Management - CFOs, CIOs and more;
- Staff Augmentation - to support the CFO or CIO organizations;
- Retained Search - Finance & Accounting, IT, Sales/Marketing, Operations, HR, Legal.
ProNexus can assist any business including those facing challenges, or in transition, whether it’s rapid growth, mergers, acquisitions or exit, integration, turnaround, building infrastructure, compliance, systems optimization, improving performance, bridging a gap in leadership or skill set, or simply augmenting staff to maintain productivity.
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Accounting Today named LeaseCrunch®, a lease accounting software developed by former CPA auditors and designed as an "audit in a box," as a top new product of 2019 for its customizable, user-friendly interface that simplifies compliance with new lease accounting standards, supports both CPA-led and client-managed bookkeeping, and includes features like audit guidance wizards, FASB and IFRS templates, and automated disclosures to efficiently handle complex lease portfolios.
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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.
Lease Accounting Software
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.