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Lease Accounting Software
Lease Accounting software enables companies to manage their lease portfolio and comply with current lease accounting standards.
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"This software is going to enable us to comply with the new Accounting Standard, ASC 842."
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Anonymous reviewer
This information was sourced from MRI ProLease
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of MRI ProLease
Pros:
It is very user friendly. If I have ever needed help, tech support is very quick at getting me the answers I need.
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Cons:
There seemed to be a general confusion on who was supposed to do what next on the clients end. In addition, our extensions are supposed to be 5 numbers not 4.
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This information was sourced from MRI ProLease
Who Uses MRI ProLease?
MRI ProLease can be used by organizations of any size to gain a complete picture of its property and equipment leases. Customers typically range from...
"I really enjoyed the automation and AI aspects of smrt’s software - it scans your contracts for you..."
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Moshe
Financial Controller in Israel
This information was sourced from Trullion
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Trullion
Pros:
I get all of the data I need for auditors in a simplified and organized fashion. The data is organized in a way to improve lease management.
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Cons:
The only difficulty we've encountered is what you might expect from any new software tool - getting onboarded takes a while, especially if you need the entire team on the same page.
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This information was sourced from Trullion
Who Uses Trullion?
Enterprise companies looking to automate their accounting workflows, and accounting firms looking to perform faster, streamlined audits on one...
Albania, Australia, Austria, Brazil, Canada, Denmark, Finland, France, Germany, Greece
, India, Ireland, Israel, Italy, Luxembourg, Netherlands, New Zealand, Norway, Singapore, South Africa, Sweden, United Arab Emirates, United Kingdom, United States
and 14 others
This information was sourced from verified user reviews of Nomos One
Pros:
It does provide a good management over portfolio of properties and lease management.
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Cons:
For example - June 22 finished so that can't store lease liability or other report, if someone mistakenly did some changes in the leases than when re-run the report, it will give us new numbers.
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This information was sourced from Nomos One
Who Uses Nomos One?
Perfect for those that manage many leases spanning property, vehicles, machinery, printers, laptops, office equipment and assets of all types.
"IMNAT came to offer a demo of InfoSite to our Real Estate Department among some top names in the..."
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Maria
Real Estate/Lease Administrator in Canada
This information was sourced from Nakisa IWMS
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from Nakisa IWMS
Who Uses Nakisa IWMS?
Capital project managers, contract administrators, accountants, facility managers, and executives will benefit from Nakisa IWMS's automated operations...
Australia, Austria, Belgium, Brazil, British Virgin Islands, Canada, Chile, China, Colombia, Finland
, France, Germany, India, Indonesia, Italy, Japan, Kuwait, Luxembourg, Malaysia, Mexico, Monaco, Netherlands, Paraguay, Peru, Philippines, Qatar, Singapore, Spain, Sweden, Switzerland, US Virgin Islands, United Arab Emirates, United Kingdom, United States
and 24 others
Australia, Austria, Belgium, Brazil, British Virgin Islands, Canada, Chile, China, Colombia, Finland
, France, Germany, India, Indonesia, Italy, Japan, Kuwait, Luxembourg, Malaysia, Mexico, Monaco, Netherlands, Paraguay, Peru, Philippines, Qatar, Singapore, Spain, Sweden, Switzerland, US Virgin Islands, United Arab Emirates, United Kingdom, United States
and 24 others
"Xero is an excellent tool that has allowed me to manage my department's expenses in a transparent..."
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Rodrigo
Director of Cyber Security in US
This information was sourced from Xero
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Xero
Pros:
Integrates well with adds on to provide more sophisticated reporting. Integration with AI products such as ReceiptBank and Approval Donkey also work well.
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Cons:
1099 reports are too limited. Tracking categories are too limited.
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This information was sourced from Xero
Who Uses Xero?
Xero is an accounting software that caters to small businesses across multiple sectors, such as agriculture, construction, education, healthcare,...
Australia, Canada, Hong Kong SAR China, India, Indonesia, Ireland, Malaysia, New Zealand, Philippines, Singapore
, South Africa, United Kingdom, United States
and 3 others
"My overall experience with Sage Intacct has been nothing short of exceptional. The program has..."
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Lillian
Human Resources Generalist in US
This information was sourced from Sage Intacct
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Sage Intacct
Pros:
Anyone with multiple locations will benefit from this platform. With some experience, the reports are extremely customizable to your exact needs as well.
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Cons:
I wouldn't mind if there was a "lite" or "simple" solution. But I guess I can see where that would undermine the overall software architecture.
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This information was sourced from Sage Intacct
Who Uses Sage Intacct?
For firms with 51-1,000 employees and 10M−1B revenue, our cloud accounting platform empowers CFOs to enhance growth and management.
This information was sourced from verified user reviews of abcoa Deal Pack
Pros:
ABCoA's investment in the most up-to-date state, federal, and accounting rules and regulations improves compliance, allowing the company to focus on meeting it's customer needs confidently.
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Cons:
A little slow to print a page but that is a very minor complaint.
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This information was sourced from abcoa Deal Pack
Who Uses abcoa Deal Pack?
Used Car Dealerships and Subprime Finance Companies, Buy Here Pay Here Operation that may or may not have a Service & Parts Department
"We now use Tagetik for all of our financial reporting including international currency consolidation..."
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Susan
US
This information was sourced from CCH Tagetik
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of CCH Tagetik
Pros:
The software is very easy to use and really helpful with our internal processes of Budgeting Planning Closing and Managerial Consolidation.
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Cons:
In this case, it is more difficult to achieve your expected results. This occurs just a few times.
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This information was sourced from CCH Tagetik
Who Uses CCH Tagetik?
Accounting and budgeting solution that helps businesses across all vertical markets and with over $300M in annual sales or 500+ employees streamline...
"Stessa offers the most intuitive, purpose-built rental property financial software that I’ve come..."
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Eric
Property Manager in US
This information was sourced from Stessa
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Stessa
Pros:
Ease of use, integration with current banking systems, and focus on real estate investors.
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Cons:
Inability to do split transactions and didn’t know how to pull reports until recently.
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This information was sourced from Stessa
Who Uses Stessa?
Stessa helps rental property owners of all sizes manage their portfolios more efficiently and profitably. Our platform is designed to scale seamlessly...
"We have had a smooth encounter with LeaseQuery since we started using it. What is outstanding is..."
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Dennis
Founding CFO in US
This information was sourced from LeaseQuery
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of LeaseQuery
Pros:
Easy to correct errors and reassess previous contracts. Glad to hear that a CPI tool will be integrated soon.
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Cons:
Since our leases were entered before the new standard adoption many changes have been made to the system which makes the older leases a little tricky to update.
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This information was sourced from LeaseQuery
Who Uses LeaseQuery?
Entities that must comply with ASC 842, IFRS 16, & GASB 87. Lessees reporting under US GAAP & IFRS and lessees & lessors under GASB use our accountant...
Austria, Bahrain, Belgium, Bermuda, Canada, Denmark, Finland, Germany, Ireland, Kuwait
, Luxembourg, Netherlands, Norway, Puerto Rico, Qatar, Saudi Arabia, Sweden, Switzerland, United Arab Emirates, United States
and 10 others
"Reporting, accounting and compliance management features provided by Visual Leases are critical for..."
Read the full review
Anonymous reviewer
This information was sourced from Visual Lease
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Visual Lease
Pros:
Functions provided are those required by FASB 842. Excellent customer service and support team.
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Cons:
I can't think of anything I dislike about the product or vendor. I have worked for 25 years implementing various types of property management software.
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This information was sourced from Visual Lease
Who Uses Visual Lease?
Organizations looking for the to achieve sustainable compliance with lease accounting standards, meet ESG reporting requirements and maximize the...
Australia, Austria, Brazil, Canada, China, France, Germany, Hong Kong SAR China, India, Ireland
, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Singapore, South Africa, Sweden, Switzerland, United Arab Emirates, United Kingdom, United States
and 14 others
"Great software and great team at NetGain that helped us get it set up!"
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Mark
Controller in US
This information was sourced from NetLease
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of NetLease
Pros:
Customer service is great. Every time I have contacted support, they've reached out to me within about a day.
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Cons:
The implementation took a little longer than I hoped (a few months), but some of that was my fault.
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This information was sourced from NetLease
Who Uses NetLease?
Accountants, Controllers and CFOs at businesses looking for a fast, reliable and CPA-approved way to ASC 842 and IFRS 16 lease accounting compliance...
This information was sourced from CoStar Real Estate Manager
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of CoStar Real Estate Manager
Pros:
Love that you can quickly get all listings of for lease or for sale property in a city or a trade area or a polygon that you create yourself.
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Cons:
Brokers don't always update the listings or they purposely leave off information. Cold calling is still a thing with this software, it just gives you a base and a prep before your call in my opinion.
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This information was sourced from CoStar Real Estate Manager
Who Uses CoStar Real Estate Manager?
CoStar Real Estate Manager offers elite real estate & lease management solutions for office tenants, enterprise corporations, retailers, restaurants,...
"So easy to use, a small piece of software the manages depreciation on our assets superbly. Customer..."
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James
I.T Applications Analyst (MCITP, MCSA) in UK
This information was sourced from FMIS Fixed Asset Management
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of FMIS Fixed Asset Management
Pros:
So easy to use, a small piece of software the manages depreciation on our assets superbly. Customer support is very good! cant be beaten on value for money.
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Cons:
The data fields only allow for very little characters (max 36 characters). This proves difficult when you have notes and they have to be truncated.
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This information was sourced from FMIS Fixed Asset Management
Who Uses FMIS Fixed Asset Management?
Ideal for both the public and private sector, FMIS is ideal for finance teams and asset managers looking to improve asset tracking and fixed asset...
Australia, Austria, Belarus, Belgium, Canada, Croatia, Cyprus, Denmark, Faroe Islands, Finland
, France, Germany, Greece, Greenland, Guernsey, Hungary, Iceland, Ireland, Italy, Jersey, Latvia, Luxembourg, Malta, Monaco, Montenegro, Netherlands, New Zealand, North Macedonia, Norway, Poland, Portugal, San Marino, Spain, Sweden, Switzerland, United Kingdom, United States
and 27 others
"It has been great. They are willing to setup phone calls to help out with the system. Their help..."
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Jack
Director of Finance in US
This information was sourced from Leasecake
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Leasecake
Pros:
User interface is a huge plus with Leasecake. Its so user friendly, you do not need to be trained on how to use the application; its very intuitive.
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Cons:
Use it through our franchisor and this means they have some controls we don't. Like the product so may start to use independently.
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This information was sourced from Leasecake
Who Uses Leasecake?
Leasecake is built for restaurants and retailers operating multiple locations with a distributed team. It's ideal for corporations, franchises, lease...
"Simple to use, our field team were able to use all aspects. Clean simple reporting. We also used..."
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Anonymous reviewer
This information was sourced from Accruent
Tax Management
Capitalization Reporting
Amortization Schedule
For Real Estate
For Equipment Leases
Critical Date Alerts
Asset Lifecycle Management
This information was sourced from verified user reviews of Accruent
Pros:
I was amazed to find this software set up to address my needs without requiring any sort of specialized skills or knowledge to achieve my goals.
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Cons:
The only problem is that it came to a point where we didn't have the time to go through all the hoops of the program so we decided to go with another company.
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This information was sourced from Accruent
Who Uses Accruent?
We are a global company that serves clients in the commercial real estate, retail, food & beverage, pharmaceutical, discreet & process manufacturing,...
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