Milwaukee-based LeaseCrunch, a lease accounting software company, announced on Wednesday its acquisition of Bellevue, Washington-based Finagraph, a software provider specializing in real-time data collection and analysis. Finagraph uses its flagship product Strongbox AI, a program that automates financial data collection and analysis for CPA firms worldwide, including the top 25 firms, the Big Four and
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Mark Weidick. Photo from LeaseCrunch website[/caption]
“Finagraph’s expertise in data extraction and analysis will complement LeaseCrunch’s lease accounting solutions,” said Weidick. “Together, we aim to provide CPA firms and businesses with a broader set of tools, including automated data collection, enhanced reporting capabilities, and streamlined workflows across audit, financial due diligence, and client accounting services. This is more than a merger, it’s a strategic step toward shaping the future of our industry.”
LeaseCrunch's focus is on scaling through organic growth by expanding its product offerings and capabilities while pursuing strategic M&A, Weidick added. The acquisition stems from a shared vision by both companies to enhance tools for CPA firms.