7 Ratings

Lucernex Lease Administration & Accounting

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25 Ratings
7 Ratings
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Score 7.8 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

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
  • It has the capacity to store a lot of data
  • It's easy to log into
  • There is very little downtime
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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
  • You can customize it to the point it could be too customized and hard to report on the data I think.
  • The configuration is pretty complex.
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
Lease Query is better.
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
  • Lucernex does not do anything that affects our business objectives any more than other standard software of its kind.
No photo available

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