Likelihood to Recommend I believe Accruent is well suited for companies with a large amount of leased assets that need to be accounted for under the new accounting standard. Companies with fewer leases would not need an intricate tool of this size. It is suited for both real estate and equipment leases, which makes up the entirety of our portfolio.
Read full review Great for property managers with about 25 or more properties. Not worth the money for less than 10. This works for all sorts of different properties so it's about choosing the right kind of account for the situation.
Read full review Pros Lucernex does an excellent job of listening to its customers to continue enhancing the product to make it the best in the industry and to continue to partner with their customers on this endeavor. Lucernex's product is an intuitive product that allows its end users to customize and manager their own fields and pages to tailor individual company's needs. Read full review Everything is easy to understand. Customer service doesn't give me the runaround, they are actually helpful. Has all the need to know information all in one place. Read full review Cons The sales person we worked with seemed to have some communication gaps when passing off to the implementation team. The implementation start was rocky due to enduring disconnect on our needs versus what was included in the SOW. As a client, we were not clear on what was fundamentally included in our SOW and how that would impact the end-product. Read full review Needs area for fine details such as nearby parks, schools, libraries, etc. Read full review Support Rating When I needed customer service I got the help I needed without being transferred a million times. The guy knew what he was talking about and everything was taken care of immediately
Read full review In-Person Training The trainers were knowledgeable and engaging in presenting the materials, and their emphasis on important concepts was helpful (I would rate the trainers themselves a 9!). However, I do not believe there's anything we learned in the in-person training that could not have been taught via live web-classroom. Traveling a significant distance (in our case) to Austin, TX for only approx. 12 hours in the classroom was (in my opinion) not necessary, since the same material could have been presented via live web-classroom and saved us the expense and travel-time. I would encourage Lucernex to consider moving to a live web-classroom format in the future; an online live format would still allow for participation and questions from the participants while saving clients' time and money
Read full review Alternatives Considered I cannot recall exactly what other products we reviewed before choosing Lucernex, but one of the leading factors was how highly customizable the software was. We had previously been using Retail Lease which was an older program with buckets of data stored everywhere. During the data mapping process, we were able to easily find a home for all of this "random" data
Read full review Return on Investment Lucernex was able to complete our business objective to manage and process all of our Lease Accounting entries within the software. Lucernex has enabled all of our departments to become better connected, work together to create synergies and transparency to better meet business objectives. Read full review Worth the money, with everything organized I can get more of the properties into the system. Read full review ScreenShots