Celebrating the Success of Leasecake in 2023
As we bid farewell to 2023, it’s the perfect time to reflect on the incredible journey of Leasecake and the numerous milestones achieved throughout the year. From expanding our customer base to receiving prestigious awards, making strategic leadership changes, and forming impactful partnerships, Leasecake has truly set the bar high in the lease management software industry.
1. Customer Growth and Recognition
In 2023, Leasecake experienced remarkable success, seeing a 48% increase in new customers, a testament to the trust and value businesses find in our lease management solutions. Our dedicated focus on the Food & Beverage and Service Retail industries reflects a commitment to understanding their unique needs. Offering an easy-to-use and affordable software solution, Leasecake empowers businesses with tailored solutions that streamline operations, enhance compliance, and provide a single source of truth for location data. We stand as a partner in our customers’ growth journey, offering not just software but a genuine understanding of the challenges these industries face. As we celebrate these achievements, Leasecake looks forward to continuing to be the trusted ally for businesses navigating the complexities of lease management.
2. Award Spotlights
G2 Customer Reviews
Our commitment to excellence was recognized by G2, where Leasecake not only maintained an impressive 4.7-star average but also secured awards for Easiest Setup, Best Relationship, Users Most Likely to Recommend, and Best Support, an outstanding achievement repeated four times in a row throughout 2023.
Overall Lease Management Company of the Year
Leasecake’s commitment to providing top-notch service was further acknowledged at the 3rd Annual PropTech Breakthrough Awards, where we were named the Overall Lease Management Company of the Year, solidifying our position as an industry leader.
Mom Project Mompact Awards
Leasecake received the Small-Medium Business Customer of the Year award at the Mom Project Mompact Awards, acknowledging our commitment to work-life balance and family-friendly policies. We’ve been actively providing part-time and remote job opportunities to the Mom Project community, emphasizing our dedication to flexible working arrangements that empower employees to balance family responsibilities with their professional commitments.
Inc. Best Workplace Award
Additionally, being honored as a Best Workplace by Inc. Magazine is a testament to Leasecake’s dedication to fostering a positive and inclusive work environment. Our core values of trust, empathy, and curiosity guide our hiring process, ensuring a strong cultural fit with every new addition to the Leasecake family.
3. Product Innovation
Leasecake continued to lead in innovation with the release of new products, making lease management more efficient and user-friendly.
Cakebot, AI for Lease Management
Cakebot harnesses the power of large language models (LLMs) to simplify the leasing process. Users can ask Cakebot questions about their lease and get quick answers. The AI-powered tool analyzes and extracts vital information from even the most complex agreements and provides assistance on lease-related questions. In addition, Cakebot offers concise, easy-to-understand summaries of otherwise complex legal critical clauses.
“Our objective has always been to simplify lease management. With Cakebot, we’re making our award-winning software even more user-friendly. Our customers can now operate with heightened efficiency, eliminating the need to onboard costly specialists,” said Scott Williamson, Chief Executive Officer of Leasecake. “Leasecake’s innovation is fueled by our customers and actualized by our talented team. Cakebot is just the first of many AI-enabled innovations we will make available to our customers in the coming future.”
The growth and expansion of businesses necessitate efficient management of the entire process involved in finding, leasing, building, and opening new locations. This often proves challenging when relying on spreadsheets, resulting in limited organizational visibility and inefficiencies. Deal Manager offers a solution by streamlining and simplifying this process. It enhances team collaboration and decision-making, simplifies site selection, and manages post-lease execution phases. Ultimately, Deal Manager enables businesses to bring new locations to market more efficiently.
Our new Dashboards feature allows you to analyze and visualize the lease data that is most important to you in real time, making data-driven decisions simpler than ever. Charts and graphs offer dynamic insights making it easy to spot trends and anomalies at a glance.
Partnerships and Integrations
The collaboration with Ecotrak stands as a pivotal strategic move for Leasecake, providing users with a seamless and comprehensive solution for managing locations, growth, assets, and facilities across diverse platforms. This partnership enhances Leasecake’s capability to offer an integrated and cohesive experience for its users, streamlining operations and facilitating efficient management across various aspects of their business.
Moreover, Leasecake’s commitment to ensuring a smooth and efficient financial management process is exemplified by its integrations with prominent accounting systems such as QuickBooks Online, Sage Intacct, NetSuite, and Restaurant 365. These integrations signify Leasecake’s dedication to providing businesses with the tools they need to effortlessly comply with ASC 842, a crucial aspect in the ever-evolving landscape of accounting standards. By facilitating seamless integration with these accounting systems, Leasecake empowers businesses to navigate compliance requirements with ease, allowing them to focus more on their core operations and strategic growth initiatives.
4. Leadership To Propel Us Forward
Leasecake experienced strategic leadership changes, marking an exciting phase for the company. Notably, two key executives joined the leadership team to contribute their expertise to Leasecake’s continued success. Sanaa Mahtani, assuming the position of VP Finance, brings a wealth of financial acumen and strategic insight to the organization. Her role is pivotal in ensuring financial health and stability as Leasecake navigates its growth journey. Simultaneously, Michel Benjamin took on the role of VP Marketing, adding a new dimension to Leasecake’s outreach and brand positioning. With a focus on marketing strategies, she is poised to elevate the company’s visibility and strengthen its market presence.
In a move that supports Leasecake’s commitment to nurturing talent from within, Scott Williamson, formerly the COO, has ascended to the role of CEO. The company’s founder, Taj Adhav, having grown Leasecake from an award-winning startup to a venture-backed SaaS company, continues the planned expansion of the company’s growth strategy in his new role as Chief Brand Officer. Recruited from JLL, Williamson brings operational experience with 35 years in the software and real estate markets, during which he grew ValuD into the largest IBM real estate management software solution, resulting in its purchase by JLL. A ground-floor entrepreneur with a seasoning of mid- and large-sized companies, Scott has led companies through periods of rapid expansion, driving value to customers, employees, and shareholders.
These leadership changes reflect Leasecake’s proactive approach to enhancing its executive team, combining external expertise with the promotion of internal talent. With this strengthened leadership lineup, Leasecake is poised for accelerated growth, innovation, and sustained success in the dynamic landscape of the real estate and leasing industry.
5. Our Customers Take the Cake
We’ve taken a very intentional step in ensuring customer satisfaction by creating a Customer Advisory Council. This CAKE Council includes 15 seats held by leading Leasecake customers in the Food & Beverage and Service Retail industries. Our goal is to directly involve customers in shaping the future of our software. This initiative also provides a platform for our customers to network, share best practices, and refine their lease management operations. By forming this partnership, we prioritize our clients’ valuable insights, ensuring their voices play a key role in influencing the development and strategic direction of our software.
“I am truly honored with the formation of our Customer Advisory Council, a collaborative initiative that brings our valued customers into the heart of our decision-making process. Their insights and experiences are invaluable, and we look forward to working closely with this esteemed group to enhance our products and services. This endeavor reflects our unwavering commitment to customer-centricity, ensuring that together, we shape a future that meets and exceeds the evolving needs of Food & Beverage and Service Retail leaders.” – Scott Williamson, Chief Executive Officer of Leasecake
And of course, no year would be complete without hanging out with our awesome customers all over the place – from Las Vegas to Texas to Florida. Our customers bring so much joy, and building relationships in today’s digital world is always a blast!
Leasecake remains devoted to being the most cost-effective and user-friendly lease management software for the restaurant and retail industry. This commitment ensures businesses can efficiently manage their leases affordably. As we celebrate milestones, Leasecake anticipates another year of innovation, growth, and ongoing partnerships. Thanks to our customers, partners, and the Leasecake team for making 2023 extraordinary. Here’s to a bright future and many more accomplishments ahead!