2 Ratings

Lucernex Lease Administration & Accounting

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25 Ratings
2 Ratings
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Score 7 out of 101

Lucernex Lease Administration & Accounting

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25 Ratings
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Score 7.7 out of 101

Add comparison

Likelihood to Recommend

AMTdirect

I think for medium to large companies AMTDirect would be invaluable to have the "whole" picture of all properties at your finger tips. For smaller companies with 10 or fewer properties maybe not as "necessary".
Tanya Cooksey profile photo

Lucernex Lease Administration & Accounting

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.
Bryan Kelly, CPA, CFE, MBA profile photo

Pros

  • AMTDirect allows for customization to your specific needs in a snapshot. One area I appreciate is that I am able to change most labels/field names to coincide with our specific naming conventions.
  • AMTDirect has wonderful support. They respond very quickly and I always feel that I am important and matter to them.
  • AMTDirect is always interested in what I would like to see added to be even more useful to my needs. They listen to me and strive to make those changes.
Tanya Cooksey profile photo
  • Accruent provides us with continuous customer support throughout our implementation of Lucernex by having running weekly calls with us to talk through and problems we may be having and to keep us updated on changes in the system.
  • The software is custom, so you can fit the software to your specific needs as a company. For example, we will not be utilizing the payment functionality. Accruent works with you to ensure the system is set up for the way you plan to use it.
  • The mix of in house and online training is perfect for our busy schedule.
Bryan Kelly, CPA, CFE, MBA profile photo

Cons

  • Initially when I started using AMTDirect it was a little overwhelming because it is a lot of detail. At times I would like to see it a little more simplified. However, I will say they have over the past 6 years done that exactly. It is becoming more simplified to use, but with the same important outcomes.
  • The software is much faster than it was when I initially started using it. Some of that might be resolved if there were some drag and drop type situations more I think.
Tanya Cooksey profile photo
  • Experience with the software: from what we have witnessed thus far, there are a lot of new hires at the company that are still getting a handle on the software. This will only improve with time, as I am sure the new accounting standard caused a mad scramble to ensure the appropriate amount of resources are available for the influx of customers looking for a lease accounting solution.
  • Compartmentalized training may be an issue. We noted that a more advanced reporting training is available, which was not included in our scope of work. In addition, training on the equipment side of the software was not included. The training provided should be comprehensive of the way you are using the software.
Bryan Kelly, CPA, CFE, MBA profile photo

Usability

AMTdirect8.2
Based on 1 answer
From my experience, AMTDirect does have a bit of a learning curve, but once you pass that curve the system has details and information that are vital to the decision process of lease negotiations, lease & facilities management as well as project management. I've said it a thousand times, AMTDirect is the only reason I am able to manage 50+ retail spaces by myself with regards to all of the above decisions.
Tanya Cooksey profile photo
No score
No answers yet
No answers on this topic

In-Person Training

No score
No answers yet
No answers on this topic
Lucernex Lease Administration & Accounting7.7
Based on 3 answers
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
No photo available

Online Training

AMTdirect7.3
Based on 1 answer
I have not listened to any of the on-line video or webinars, but I have used the "help" guides and they are very easy to understand and for the most part that is how I have taught myself to use features I have never utilized before.
Tanya Cooksey profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

No answers on this topic
SAP and IBM's offering was overly intricate for our needs. Their costs were out of our budget range. We also looked at services from external audit firms, which showed the same result.
Bryan Kelly, CPA, CFE, MBA profile photo

Return on Investment

  • AMTDirect has positively impacted our company for the simple fact that 1 person is able to handle 54 properties with regards to lease management, maintenance/repair and projects for those locations. We were at the point of needing to hire additional help, but AMTDirect has made it possible to delay hiring additional employees until we grow a little more.
  • AMTDirect has made it possible to be able for me to work from any where and not in an office with a bunch of files, because the information is at my fingertips. I am able to travel to our stores and still be able to take care of issues and answer important and at times timely questions.
Tanya Cooksey profile photo
  • Lease negotiation process has improved, we are able to make quicker, sound decisions with all the data at our fingertips
  • Internal and external reporting has been enhanced through the use of the reporting module. Reports can be easily made and tailored for reporting needs
  • Percent rent and straight line accruals are now automated through the system which cuts down on manual user error from previously using spreadsheets
William Rose profile photo

Pricing Details

AMTdirect

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details

Lucernex Lease Administration & Accounting

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Additional Pricing Details