Name: LeaseAccelerator
Rating: 7.5 (4 reviews)
Author: LeaseAccelerator

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

Flowchart

Development

Higher Education

Education

Association Management

Business Intelligence (BI)

Collaboration

Data Extraction

Embedded Business Intelligence (BI)

File Sync

Risk Management

Streaming Analytics

Visual Collaboration

Enterprise

Accounting

Budgeting and Forecasting

Crypto Accounting

Loan Origination

Payment Gateway

Payment Orchestration

Finance and Accounting

Applicant Tracking

Background Check

Contractor Management

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

HR Compliance

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Authorization

C/C++ Integrated Development Environments

Cloud Storage

Container Management

Distributed Denial of Service (DDoS) Protection

Fraud Detection

Incident Response

Integration Platform as a Service (iPaaS)

Managed Private Cloud

Network Performance Monitoring

Relational Database Management Systems

Remote Monitoring and Management

Tower Servers

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Conversion Rate Optimization

Email Marketing

Event Registration

Heatmap and Session Recording

Landing Page

Marketing Automation

Personalization Engines

Public Relations (PR)

Retail Media Advertising

SMS Marketing

Sales and Marketing Automation

Social Media Management

Survey & Forms Building

Video

Video Editing

Web Analytics

Marketing

Project Management

Prototyping

Professional Services

Customer Relationship Management (CRM)

Sales Pipeline

Sales

Antivirus

Security

Automotive

Forestry

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Tririga

Accruent Lucernex

Accruent

Visual Lease

LeaseQuery

FinQuery

Leasecake

Netlease

Netgain Solutions, Inc

MRI ProLease

MRI Software

Re-Leased

Re-Leased Software Company Ltd

Bail Expert

Magex Technologies

CICone

COSTAR

Trullion

LeaseCrunch

Nakisa Lease Administration

SAP ERP, ECC

Oracle Fusion Cloud ERP

Workday Financial Management

### Lease Accounting Standards
Users generally find LeaseAccelerator's lease accounting standards functionality to be a key strength. The system is commended for its ability to streamline lease accounting processes and ensure compliance with ASC 842 and IFRS standards. While some users appreciate the ease of generating journal entries and reports, others express concerns about manual data entry requirements and occasional system instability leading to the need for frequent adjustments. Despite these challenges, LeaseAccelerator is recognized for its role in facilitating accurate lease accounting calculations and providing a centralized platform for managing lease portfolios in accordance with accounting standards.

### Financial Reporting and Compliance
Users generally find LeaseAccelerator's financial reporting and compliance functionalities to be reliable and efficient, particularly in terms of generating reports, facilitating audit processes, and ensuring accuracy in month-end financial activities. While some users appreciate the ease of generating journal entries and accessing consolidated reports, others express concerns about the complexity of pulling multiple reports to obtain necessary information efficiently. Additionally, there are mixed opinions regarding the level of support provided by the system, with some users highlighting delays in resolving accounting discrepancies. Despite these challenges, many users acknowledge the platform's ability to centralize lease data and streamline accounting tasks for improved compliance with financial reporting standards.

### Audit and Reconciliation
Users generally praise LeaseAccelerator for its robust audit and reconciliation capabilities. The software is commended for providing a clear audit trail and facilitating efficient tracking of lease assets for reconciliation purposes. However, some users have expressed concerns about occasional discrepancies in ledger exports, which have led to challenges in generating accurate financial reports. Despite these minor issues, LeaseAccelerator is recognized for streamlining the reconciliation process and enhancing the overall audit trail for lease agreements.

### Lease Management Processes
Reviewers generally praise LeaseAccelerator's lease management processes capabilities. Users appreciate the ease of entering and modifying leases, as well as the streamlined processes for tracking and managing lease information. While some users note minor limitations in certain functions, overall, LeaseAccelerator's lease management processes are seen as efficient and effective in simplifying lease-related tasks. The bulk import feature and user-friendly interface are highlighted as key strengths, contributing to a more centralized and reliable lease management experience.

### Asset and Portfolio Management
The reviews reflect a generally positive sentiment towards LeaseAccelerator's asset and portfolio management functionalities. Users appreciate the system's ability to efficiently manage a large volume of lease agreements and track changes effectively. The platform's intuitive nature and clear audit trail are highlighted as valuable features that aid in maintaining and analyzing lease assets. Despite some users finding certain processes cumbersome, the overall consensus leans towards LeaseAccelerator being a reliable solution for managing assets and portfolios effectively.

### User Interface and Accessibility
The reviews consistently highlight LeaseAccelerator's user interface as intuitive and easy to navigate, making lease management processes efficient. Users appreciate the platform's accessibility, noting its ease of use for both new and experienced users. The ability to customize reports and streamline leasing inquiries adds to the overall positive user experience. While some users mention minor issues with the interface, the general sentiment leans towards a favorable view of LeaseAccelerator's user interface and accessibility functionalities.

### Customer Support and Training
Users consistently appreciate LeaseAccelerator's robust customer support and training offerings, noting the responsiveness and knowledgeability of the support team. The availability of training resources, such as detailed guides and informative videos, has been particularly beneficial for users in navigating the system effectively. While some users have encountered occasional challenges or delays in resolving issues, overall, the consensus leans towards positive experiences with LeaseAccelerator's customer support and training services.

### Implementation and Upgrades
Users have varying opinions on LeaseAccelerator's implementation and upgrades process. While some users appreciate the continuous improvements and the speed of work, others have expressed concerns about mistakes post-upgrades and unresponsiveness from the support team. The ability to bulk import leases and the availability of customizable reporting templates have been highlighted as positive aspects, but challenges with software upgrades causing confusion and delays in issue resolution have been noted. Despite mixed feedback, LeaseAccelerator's implementation and upgrades capabilities seem to have both strengths and areas for improvement, as indicated by user reviews.

### Integration and Automation
Users consistently highlight LeaseAccelerator's strong integration with ERP systems, noting its ability to streamline processes and reduce manual work. While some users have encountered minor issues with specific ERP integrations, the overall sentiment leans towards positive experiences with the automation of lease calculations and data transfer. The platform's user-friendly interface and efficient generation of reports further contribute to its reputation for effective integration and automation capabilities.

### Reporting and Analysis
Users consistently highlight LeaseAccelerator's reporting and analysis features as key strengths of the software. They appreciate the ease of generating custom reports tailored to their specific needs, as well as the availability of analysis reports that facilitate data-driven decision-making. The system's ability to provide a wide range of reports, including ledger export journal entries, maturity analysis reports, and quantitative analysis, is particularly lauded for streamlining financial processes and enhancing transparency. Additionally, users value the system's efficiency in consolidating and translating data, enabling quick access to vital information for audit purposes. The flexibility to manipulate and customize reports within the user interface further enhances the overall reporting experience, allowing for a more tailored and insightful analysis of lease portfolios.

LeaseAccelerator, a popular lease compliance software, receives several key recommendations from users. Firstly, users recommend taking advantage of the available resources such as videos and guides to navigate the interface effectively. They suggest investing time in learning the software and utilizing support materials.

Secondly, it is suggested to ensure that there are sufficient staff members with the necessary knowledge to understand and work through the system. This ensures a smooth implementation and ongoing management process.

Lastly, users highly recommend LeaseAccelerator for lease accounting management. They advise comparing different providers, pricing, and reporting features to determine the best fit for the company. Additionally, accurately identifying and entering all lease assets in the system from the start is recommended to avoid future issues.

Overall, LeaseAccelerator is praised for its user-friendliness, accessibility, knowledgeable customer service, and training materials availability. Users find it easy to set up and use, making it a promising tool for lease management.

LeaseAccelerator helps businesses streamline their lease management process, allowing them to efficiently perform a range of tasks such as renewals, holdovers, and updates. By providing a centralized platform for recording lease assets and generating accounting based on the current accounting standard policy, it ensures that compliance with ASC 842 and IFRS 16 accounting standards are met while minimizing errors in recording leases.

The product also simplifies the lease vs. buy analysis process by ensuring all leases go through a standardized review process before inception. LeaseAccelerator provides scalability and accuracy in solutions to ASC 842 accounting and reporting, making tracking, maintaining, and reporting leases easier than manual spreadsheets. The product's semi-repository of lease agreements and additional reporting tools aid in quarterly footnote disclosure and internal reporting requirements. Users enjoy the useful reports LeaseAccelerator offers, including customizable BYOR reports that can be manipulated within the user interface. The platform provides an effective solution for meeting the requirements of multiple accounting standards while ensuring accurate tracking of lease payments for all locations and automating all balance sheet accounting required for the company.

User-friendly Interface: Many users appreciate the user-friendly interface of LeaseAccelerator (mentioned by several reviewers), including the search bar, customizable reporting templates, and bulk import ability. This makes navigating the tool easy and efficient for tracking events in the lease lifecycle for audit purposes.

Efficient Reporting: The various reports provided by LeaseAccelerator make life easier for many users. Reports such as Deal Summary, Maturity Analysis Reports, Quantitative Analysis, and Payment Schedule Report are particularly helpful in generating journal entries to be loaded into ERP systems. Additionally, running monthly reports and dashboards is a favorite feature that provides reliable calculations.

Exceptional Customer Support: Several reviewers have praised LeaseAccelerator's customer support team (noted by multiple users) for being attentive, knowledgeable, quick to respond with high availability and going above-and-beyond to ensure all questions were answered efficiently. Technical support was also found to be efficient in addressing issues through an easy-to-create case ticket system and training videos database that was easy to follow.

Limited Customization Options: Several users have expressed that the customization options in LeaseAccelerator are limited, which makes it difficult to record complicated cases and perform accounting correctly. 

Unhelpful Technical Support: Some users have experienced issues with the technical support team of LeaseAccelerator, claiming they are unhelpful and take a long time to provide updates or resolve issues. Additionally, some users feel that the support team is not sensitive to how their upgrades affect the systems of their customers.

Confusing User Interface: Many reviewers found the user interface of LeaseAccelerator confusing and not user-friendly, making it challenging to perform tasks quickly and efficiently.

Essential

Growth

Premium

Buildium

Yardi Breeze is a real estate property management software solution, from Yardi headquartered in Santa Barbara. The solution is designed to enable users to administer all elements of managing commercial, residential, multi-family / low income, and association properties, and also includes features for managing tenants and collecting rental and lease payments, with access to the RENTcafe portal and listing service.

Breeze (Residential)

Breeze Premier (Residential)

Breeze (Commercial)

Breeze Premier (Commercial)

Breeze (Affordable Housing)

Breeze Premier (Affordable Housing)

Breeze Premier (Self Storage)

Breeze Premier (Associations)

Breeze Premier (Manufactured)

Breeze Premier (PHA)

Yardi Breeze

LeaseAccelerator

Lease Management

LeaseAccelerator is the only enterprise lease lifecycle automation solution that provides centralized, asset-level data to multiple stakeholders, including CFOs, VPs of Real Estate, Treasurers, and Procurement Officers. With LeaseAccelerator’s suite of products, you can optimize the entire global leasing process - from equipment sourcing and real estate lease administration to asset-level accounting for long-term compliance with ASC 842 and IFRS 16.For over two decades, CFOs, Controllers, VPs of Real Estate, Treasurers, and Chief Procurement Officers have chosen LeaseAccelerator to transform leasing and lease management from a compliance project to a strategic initiative that generates cash flow and business insights. With our end-to-end, asset-level, SaaS platform, clients are weathering market shifts, including changes in lease accounting and emissions standards, economic uncertainty, and pressure to consolidate strategic financial systems.



LeaseAccelerator
offers a suite of products, including Lease vs. Buy Analytics for centralized, consistent economic decision-making; PureLease Marketplace for competitive equipment lease sourcing; Lease Accounting Manager and Asset Lifecycle Manager for automated record-to-report processes and end-to-end control of real estate and equipment leases; Real Estate Manager for real estate lease
administration; and EZLease for simple, fast ASC 842, GASB 87/96, and IFRS 16
compliance.

LeaseAccelerator Enterprise Lease Accounting product overview brochure.

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Lease Management Software

LeaseAccelerator

Overview

What is LeaseAccelerator?