Archibus

6 Ratings

Lucernex Lease Administration & Accounting<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

25 Ratings

Archibus

6 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 6.8 out of 101

Lucernex Lease Administration & Accounting<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

25 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 7.7 out of 101

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Likelihood to Recommend

Archibus

Archibus is well suited for organizations requiring heavy reporting functions, and that have complex processes for managing moves and space chargebacks. It is less well suited for organizations that require input from multiple users (such as doing an employee seating survey).
Zig Wu 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

  • Reporting - Archibus has very powerful reporting solutions.
  • Expansive Modules - catered to every need of the real estate and facilities organization.
  • Editing and inputting data.
Zig Wu profile photo
  • The system appears to be highly configurable to meet our needs.
  • The system covers all aspects of leases imaginable providing functionality for all situations that may come up.
No photo available

Cons

  • User Interface could be improved - it takes many steps to get to features within Webcentral, too complex, created for power users.
  • Pricing and fee schedules - surprised to find that they charged separately for Space Chargeback features within Space Management and annual maintenance fees.
  • Slow interface.
Zig Wu profile photo
  • We haven't used the system yet to provide any example.
No photo available

In-Person Training

No score
No answers yet
No answers on this topic
Lucernex Lease Administration & Accounting7.7
Based on 3 answers
The ability to walk through examples with Lucernex team members on site was amazing. It was also helpful to meet other users and hear their implementation questions and benefit from the answers.
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Alternatives Considered

Archibus compares well with other IWMS software when it comes to integrating with BIM models and reporting capabilities. I selected Archibus as it has all the tools and processes needed to manage space and moves, with the intention to expand to other modules like Lease Administration and Asset Management. The constant upgrades to Archibus also helps to keep the software up-to-date with other third party products such as Revit.
Zig Wu profile photo
We felt Lucernex had a good balance between real estate leases and equipment leases.
No photo available

Return on Investment

  • Saved time and effort to do space reports and manual calculations of common areas.
  • Standard solution helped to define process for managing space.
  • Improved accuracy in tracking spaces allowed for better utilizaton and monitoring of space assets.
  • Improved reimbursement from insurance and other entities based on space reporting.
Zig Wu 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

Archibus

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
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