TrustRadius Insights
Leasecake has proven to be a valuable solution for businesses, addressing several key use cases and solving various business problems. …
Overview
What is Leasecake?
Leasecake is a software solution designed to simplify lease administration, accounting, and compliance for retail and restaurant owners. According to the vendor, it aims to streamline lease management processes, automate reporting, and record lease financials. The software is suitable for small to medium-...
Recent Reviews
Leaving a review helps other professionals like you evaluate Lease Management Software
Be the first one in your network to review Leasecake, and make your voice heard!
Get StartedPricing
N/A
Unavailable
What is Leasecake?
Leasecake is a solution for lease & location management made for commercial brokers & tenants. Everyone owns or leases real estate in their business. Across thousands of business events in a portfolio, Leasecake will automate, organize, and notify customers of their key dates, make payments,…
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://leasecake.com/plans/
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Would you like us to let the vendor know that you want pricing?
3 people also want pricing
Alternatives Pricing
What is Yardi Breeze?
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…
What is Buildium?
Buildium is a cloud-based property management solution that enables managers of residential and association properties to take complete control of every aspect of their business, including the rent, vacancy and maintenance cycles. According to the vendor, Buildium streamlines management of the rent…
Product Details
- About
- Tech Details
What is Leasecake?
Leasecake is a software solution designed to simplify lease administration, accounting, and compliance for retail and restaurant owners. According to the vendor, it aims to streamline lease management processes, automate reporting, and record lease financials. The software is suitable for small to medium-sized businesses in the retail and restaurant industries and caters to various professionals and industries in these sectors.
Key Features
Lease Management Software: Leasecake offers features to streamline lease management processes for retail and restaurant owners. It handles projected rent, automates reporting, and records lease financials.
Lease Accounting Software: Leasecake simplifies lease accounting and ASC 842 compliance. Users can record, organize, and analyze lease financials in minutes. The software generates journal entries and reports related to lease accounting.
Artificial Intelligence: Leasecake leverages artificial intelligence to enhance lease management and accounting processes. It provides AI-enabled features for lease abstraction and summarization, as well as automated lease data extraction and analysis.
Lease Abstraction: Leasecake enables users to abstract lease data from complex lease agreements. It extracts key lease terms, clauses, and financial information, creating standardized lease abstracts for easy reference.
CAM & Tax Reconciliation: Leasecake automates common area maintenance (CAM) and tax reconciliation processes. Users can track and reconcile CAM and tax expenses with lease terms and generate accurate CAM and tax reconciliation reports.
Lease Restructuring: Leasecake provides features to analyze and restructure lease agreements for optimal financial outcomes. It allows users to evaluate lease terms, negotiate lease modifications, and assess the financial impact of lease restructuring scenarios.
Food & Beverage: Leasecake offers tailored solutions for lease management and accounting in the food and beverage industry. It addresses unique challenges faced by restaurants and food retailers and helps track and manage lease agreements for multiple locations.
Retail: Leasecake provides comprehensive lease management and accounting solutions for the retail industry. It handles lease agreements for retail stores, malls, and shopping centers, and offers features to track and manage lease terms, rent schedules, and key dates.
Leasecake Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Comparisons
Compare with
Reviews
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Recommendations
Leasecake has proven to be a valuable solution for businesses, addressing several key use cases and solving various business problems. Users have praised the software for its ability to streamline lease management by centralizing lease documents in one location, simplifying document management and ensuring important lease deadlines and details are not missed. By providing a comprehensive file for each lease, Leasecake makes it easier for users to keep track of specific lease details and eliminates the need for spreadsheets and manual searching through lease abstracts. Users appreciate the convenience and accessibility of being able to view their entire lease portfolio in one app or website, allowing them to stay on top of critical dates, monitor financial factors such as rent changes, and track lease renewal dates.
Another significant problem solved by Leasecake is the simplification of ASC 842 compliance. Users have found the software helpful in generating journal entries and supporting documentation for certified financial statements, saving time and effort in lease accounting and financial compliance. The application of ASC 842 has been made easier by Leasecake's centralized approach to all leases, catching any issues or missing information that may have been overlooked. Additionally, Leasecake provides a single source relational database for leases, allowing users to see the economic results of their leases in one location and improving data sharing among different stakeholders within the business.
Furthermore, Leasecake offers benefits during mergers and acquisitions by facilitating organization and management of leases. The software helps users keep leases organized during these transactions, providing visibility on leases to different stakeholders involved in the process. Users find value in having all their leases backed up in Leasecake's database, ensuring added security for lease data.
Overall, Leasecake addresses various business problems such as document management, lease deadline tracking, ASC 842 compliance, lease organization during M&A transactions, and improved data sharing among stakeholders. It streamlines multiple aspects of lease management and provides convenience, accessibility, and accuracy in lease accounting and reporting.
Users have shared several recommendations for Leasecake based on their experiences. The most common recommendations are as follows:
-
Leasecake is highly recommended for small to midsize companies looking to manage their real estate portfolio. Users believe that Leasecake is a must-have tool that guarantees satisfaction. They appreciate the time-saving and sanity-saving aspects of the platform.
-
Users praise Leasecake for its friendly and helpful customer service, user-friendly interface, and staff going above and beyond to demonstrate features and product integration. They find Leasecake to be a fantastic platform for managing multiple locations and very good for lease abstracting.
-
Several users suggest that getting Leasecake is an easy decision due to its ease of use and affordability. They believe that Leasecake is necessary to realize the true need for efficient lease administration. Many users recommend Leasecake as an excellent and affordable product for managing commercial leases and buildings.
Overall, Leasecake receives positive recommendations for its functionality, customer service, and value for money, making it a popular choice among businesses looking to streamline their real estate management processes.