Record verified
Crunchafi
Crunchafi, formerly LeaseCrunch, makes lease accounting software for CPA firms and their clients, and also serves companies, governments and fractional CFOs. It produces journal entries, amortization schedules and footnote disclosures under ASC 842, IFRS 16, FRS 102 and GASB 87, 94 and 96, for lessees and lessors. Its AI Lease Abstraction feature reads an uploaded lease contract and fills in key details such as lease term, start and end dates and asset information.
- SOC 2
- Type II
- Trains on customer data
- Unconfirmed
- Human review
- Unconfirmed
- Pricing
- Quote only
- Ledgers
- None documented
What the AI does
- AI Lease Abstraction reads an uploaded lease contract and enters key details such as lease term, start and end dates and asset information
- Abstraction runs inside the Lease Accounting product, where it was added in November 2025
- Uses Microsoft Azure OpenAI and Anthropic models, per Crunchafi's privacy policy, for features such as document data entry and data analysis
Summarized from crunchafi.com.
Facts, checked against the source
- Category
- Lease accountingSource: crunchafi.com (opens in a new tab)
- Built for
- CPA firmsSource: crunchafi.com (opens in a new tab)
- Ledger integrations
- None documented among QuickBooks Online, Xero, NetSuite, Sage Intacct and Microsoft DynamicsAlso documents: Thomson Reuters Guided Assurance.
- Pricing
- Not publishedThe vendor does not list prices publicly; pricing is by quote or sales contact.
- Free plan
- UnconfirmedPricing is not public or does not say.
- SOC 2
- Type IISource: crunchafi.com (opens in a new tab)
- Trains on customer data
- UnconfirmedCrunchafi's privacy policy says input and output data processed by Azure AI and Anthropic is not used to train or improve public models. It does not say whether Crunchafi itself uses customer data to train or improve its own AI features.
- Human review
- UnconfirmedCrunchafi's lease accounting page and launch release do not say whether users review or confirm the extracted lease details before they are used.
- Company
- Privately held. Founded 2016, based in Milwaukee, WISource: crunchafi.com (opens in a new tab)
- Funding
- Last round: Growth investment, January 10, 2024Investors named: Aquiline Capital PartnersSource: crunchafi.com (opens in a new tab)
- Checked against the linked official source on the date shown.
- Unconfirmed: we could not find an official statement.
Funding rounds
| Announced | Round | Amount | Led by | Source |
|---|---|---|---|---|
| January 10, 2024 | Growth investment | Undisclosed | Aquiline Capital Partners | crunchafi.com |
Sources
Official pages read for this listing on October 30, 2026. Vendors change their sites; if a page no longer says what we report, tell us and we will recheck it.
- www.crunchafi.com/products/lease-accounting
- www.crunchafi.com/products/data-extraction
- www.crunchafi.com/pricing
- www.crunchafi.com/about-us
- www.crunchafi.com/privacy-policy
- www.crunchafi.com/terms-of-service
- www.crunchafi.com/technology-partners
- www.crunchafi.com/newsroom
- www.crunchafi.com/newsroom/crunchafi-introduces-ai-lease-abstraction-to-simplify-lease-accounting
- tours.crunchafi.com/answers/crunchafi-introduces-ai-lease-abstraction-to-simplify-lease-accounting
- www.crunchafi.com/newsroom/leasecrunch-rebrands-as-crunchafi-a-broader-vision-for-cpa-firms
- www.crunchafi.com/newsroom/thomson-reuters-partnership
- www.crunchafi.com/newsroom/announces-significant-investment-aquiline-capital-partners
1 logged change to this listing, most recently October 30, 2026. See the changelog.
Crunchafi questions
- Does Crunchafi train AI on customer data?
- We could not find a published Crunchafi policy that says whether customer data is used to train AI models. Crunchafi's privacy policy says input and output data processed by Azure AI and Anthropic is not used to train or improve public models. It does not say whether Crunchafi itself uses customer data to train or improve its own AI features.
- Does Crunchafi have SOC 2?
- Crunchafi states that it holds a SOC 2 Type II report.
- Which accounting systems does Crunchafi integrate with?
- Crunchafi does not document an integration with QuickBooks Online, Xero, NetSuite, Sage Intacct or Microsoft Dynamics on its site.
- How much does Crunchafi cost?
- Crunchafi does not publish prices; pricing is by quote.
- What are alternatives to Crunchafi?
- Other lease accounting tools in this directory include Accruent Lucernex, FinQuery, Monetary, MRI ProLease and Nakisa.