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Netlease has proven to be a valuable tool for streamlining portfolio administration procedures for business real estate investors. Users …
Overview
What is Netlease?
NetLease is a tool for accountants, used to manage leases in-house with modifications, decreases in scope, ROU impairments, lease balance roll-forward and waterfall reporting, from Netgain Solutions in Englewood, Colorado. It is available in an ERP agnostic edition, or in…
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What is Netlease?
NetLease is a tool for accountants, used to manage leases in-house with modifications, decreases in scope, ROU impairments, lease balance roll-forward and waterfall reporting, from Netgain Solutions in Englewood, Colorado. It is available in an ERP agnostic edition, or in an edition designed to…
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Product Details
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What is Netlease?
NetLease is an ERP-agnostic power tool for accountants, used to manage leases in-house with modifications, decreases in scope, ROU impairments, lease balance roll-forward and waterfall reporting, from Netgain Solutions in Englewood, Colorado. Netgain apps help accountants simplify and automate processes, from lease compliance to advanced fixed assets and loan management.
Netlease Video
NETLEASE - NETSUITE LEASE ACCOUNTING SOFTWARE. New FASB Standard- IFRS 16 / ASC 842.
Netlease Integrations
Netlease Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Netlease has proven to be a valuable tool for streamlining portfolio administration procedures for business real estate investors. Users have praised its extensive features, user-friendly interface, and thorough reporting, which enable data-driven investment choices. Additionally, the software's seamless implementation process, knowledgeable consultants, and easy transition for accounting departments have garnered positive feedback. By bringing leases into one software for tracking, entering monthly entries, and reporting, Netlease solves the problem of manually recording and tracking lease transactions. Furthermore, its integration with NetSuite provides assurance that the software works as expected. Users appreciate the standard reporting feature for quick and easy access to reports, which streamlines monthly processes and increases efficiency. The transition from ASC 840 to ASC 842 is also made seamless with Netlease, providing peace of mind with reporting and compliance. Overall, users highly recommend Netlease for lease management due to its ease of use and ability to solve various business problems related to procrastination during implementation, manual tracking in spreadsheets, reconciliation, set up work, and more.
User-Friendly Interface: Many users have praised NetLease for its user-friendly interface. They have found the software to be intuitive and easy to navigate, allowing them to efficiently manage their lease accounting tasks.
Seamless Integration with Netsuite: Several users have highlighted the seamless integration of NetLease with Netsuite as a major advantage. This embedded add-on eliminates the need for a separate solution and allows entries to post directly to the general ledger. Users appreciate how this integration streamlines the accounting process for leases, making it more efficient and accurate.
Efficient Lease Management: Numerous reviewers have expressed their satisfaction with how NetLease helps them efficiently manage their lease portfolio. The software automates various lease-related tasks, eliminating the need for manual entries and saving valuable time. Users also appreciate features such as managing payment schedules, generating lease schedules and disclosures, and streamlining the close process, which contribute to overall operational efficiency.
Difficulties with Integrations: Some companies have found it challenging to set up specialized integrations with Netlease, which has been a source of frustration for users.
Lack of Automated Reports and Recons: Several users have expressed disappointment with the absence of automated reports and recons that can be sent directly to email. This limitation hinders efficiency for those who rely on these features.
Limited Customization of Reports: The customization options for reports within the menu item are not as flexible as some users would like. This lack of flexibility restricts users from tailoring reports to their specific needs.