Odessa: Lease Accounting Software

Odessa Technologies, Inc. is the provider of innovative leasing software solutions for the leasing enterprise. Through our flagship LeaseWave suite, we provide leasing companies, banks and financial institutions with a seamless, end-to-end leasing system to manage their portfolios, from application processing through to lease termination.

Odessa is a software consulting company located in Philadelphia, Pennsylvania, with a sole focus in lease accounting and lease-related software. The company was developed, starting in 1996 and incorporated in 1998, by a privately funded group of accounting / business professionals who also had expertise in computer technology. They carefully and deliberately chose to invest their resources in the leasing industry not only because of their individual competencies, but also because the market promised great potential. The inception of the company was based on the following premise: The leasing industry, despite its size and profitability, was technologically backward and unorganized. The lease accounting and management software catering to it was generally over-priced and very limited in its scope. None approached the Internet, if at all, as an opportunity to add significant value to the leasing model. Most were entrenched in legacy origins that severely limited their ability to take advantage of new technologies. With just the US leasing market alone estimated at $233 billion annually, the company's Principals saw a unique and financially viable opportunity to provide IT solutions to better manage this money.