Lease accounting solutions provider LeaseCrunch is merging with Finagraph, the company behind Strongbox, which automates financial data collection and analysis for CPA firms.

The strategic merger expands the combined company's reach to a global CPA firm customer base of over 750. Prior to the merger LeaseCrunch boasted 650 CPA firm customers.

"This merger brings together LeaseCrunch's lease accounting expertise and Finagraph's advanced data extraction and analysis solutions," said LeaseCrunch CEO Mark Weidick in an email. "Together, we empower CPA firms to automate time-consuming tasks, enhance efficiency, and deliver greater strategic value to their clients. This also enables us to provide our customers with even more tools to streamline workflows and operations."

The move is legally a merger, although LeaseCrunch is leading the investment and driving the process to combine the strengths of both companies. The current plan, according to Weidick, is to brand Finagraph and its flagship product, Strongbox, as "powered by LeaseCrunch." However, future branding decisions will be made as part of the company's long-term strategy to best serve its clients' needs.

"We're thrilled to join forces with LeaseCrunch," said Finagraph founder and CEO James Walter in a statement. "Together we're enhancing the productivity of CPA firms by streamlining workflows, equipping them with real-time financial intelligence and delivering precise data for critical decisions."

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