It’s hard to believe it’s been more than a year since we embarked on this exciting new chapter as FinQuery. I remember the energy in the room when we first unveiled the new brand – it was a tangible reflection of our evolution and our commitment to pushing the boundaries of what’s possible in accounting automation.
The Rebrand: From LeaseQuery to FinQuery
Our journey started with lease accounting, and we’ve learned invaluable lessons along the way. We saw the need for a comprehensive platform that could address the broader challenges faced by accounting teams. That’s why we evolved into FinQuery, a company dedicated to serving our more than 8,000 customers with a unified solution for automated accounting and streamlined contract management.
Core Value Proposition: We’re not just building software; we’re making accountants’ lives easier.
George Azih founded this company back in 2011 with a simple idea: to make accountants’ lives easier with software. As a former public accountant, he knew firsthand the pain points and the urgent need for efficient solutions. The industry has changed dramatically over the past decade, with workloads increasing and resources becoming more constrained. That’s why we’re passionate about providing tools that empower accounting teams to do more with less and navigate the complexities of today’s business environment.
A Year of Remarkable Growth: Expanding Our Platform
At FinQuery, we’re obsessed with customer feedback. It’s the lifeblood of our innovation. We actively listen to our customers at every stage of their journey, from pre-sales to support and use their insights to shape our product roadmap. This customer-centric approach has fueled remarkable growth this past year, allowing us to deliver solutions that truly address their needs.
At the time of our rebrand, we launched FinQuery Contract Management, the first solution of its kind designed specifically for accounting and finance workflows. It streamlines post-signature contract management, leveraging AI to automate data extraction, track key dates, and provide critical reporting.
We didn’t stop there. In October, we expanded FinQuery Contract Management with a powerful new solution for automating prepaid and accrual accounting. In a world where 70% of organizations still rely on manual spreadsheets for these processes, our solution is a game-changer. It significantly reduces close times, eliminates errors, and frees up valuable time for accounting teams. I cannot imagine an accountant who wouldn’t appreciate more time in their day.
Investing in Our Core
Our investments in our broader platform is balanced with our continuous investment in our core lease accounting solution, LeaseQuery – a few examples include:
Catch up Changes: While we’re committed to expanding our platform, we also recognize the importance of continuous investment in LeaseQuery. In May, we launched “Catch-Up Changes,” a feature that automates the tedious process of updating records when documents arrive after a period closes. This was a direct response to customer feedback, and it has already saved our users over 1,400 hours of manual work.
AI-enabled Lease & Contract Entry: We’re also continuing to lead the market in AI capabilities for lease and contract abstraction. Our AI can now abstract hundreds of pages of lease or contract data in minutes, eliminating manual review and ensuring accuracy. This is just one example of how we’re leveraging technology to make accounting processes faster, easier, and more efficient.
These are just two examples of the many feature enhancements and product improvements we have made to our lease accounting system.
Looking Ahead: The Future of FinQuery
Our mission has always been to make accountants’ lives easier. We automate the tedious, streamline the complex, and provide solutions that bridge the gap between spreadsheets and ERPs. We understand the challenges faced by accounting professionals because we’ve been in their shoes. With job satisfaction declining and workloads increasing, our solutions are more critical than ever.
We’ve spent countless hours talking to customers and significantly investing in R&D to ensure our products solve the problems that matter most. And we’re not slowing down. We have exciting plans for the future, including new product innovations, expanded AI capabilities, and deeper integrations to create a truly seamless accounting experience.
With accounting automation and financial contract management, we are building the system of record for a company’s contractual obligations and the accounting treatments that are required based on those contractual obligations.
Conclusion
As we celebrate our first anniversary as FinQuery, I’m incredibly proud of what we’ve accomplished. We’ve evolved from a lease accounting solution to a comprehensive platform that empowers accounting and finance teams to optimize their processes and achieve their goals.
None of this would be possible without the support of our amazing customers, partners, and team members. Thank you for being part of this journey. I’m excited for what the future holds and confident that together, we can shape the future of accounting automation.
