Skip to main content
TrustRadius
Accruent Lucernex

Accruent Lucernex

Overview

What is Accruent Lucernex?

Accruent acquired Lucernex in 2017 to boost its IWMS or asset management portfolio. Lucernex Lease Administration & Accounting is a real estate lifecycle management platform emphasizing compliant financial contracts and accountancy.

Read more
Recent Reviews

TrustRadius Insights

Lucernex is a versatile software solution that addresses the challenges of lease administration and compliance with accounting standards …
Continue reading

Good Tool, So Far . . .

8 out of 10
September 12, 2018
Incentivized
Our firm is currently using Lucernex within the Finance department to support other business units across the firm. It is providing for us …
Continue reading
Read all reviews
Return to navigation

Product Details

What is Accruent Lucernex?

The Lucernex Lease Administration and Accounting solution allows companies to manage the most complex real estate and equipment lease scenarios, mitigate risk, and achieve ultimate FASB/IASB compliance. By empowering companies to achieve their mission and enable better decision making, processes become standardized and visibility into real estate and equipment leases increases.

Accruent Lucernex Features

  • Supported: FASB/IASB Compliant
  • Supported: Lease Accounting
  • Supported: Lease Administration
  • Supported: Real Estate Leases
  • Supported: Equipment Leases
  • Supported: Seamless ERP Integration
  • Supported: Risk Mitigation

Accruent Lucernex Video

Banfield Pet Hospital | Accruent Case Study | Lucernex

Accruent Lucernex Integrations

Accruent Lucernex Competitors

Accruent Lucernex Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported CountriesAll
Supported LanguagesChinese Simplified, Chinese Traditional, Dutch, English, French, German, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Turkish

Frequently Asked Questions

Accruent acquired Lucernex in 2017 to boost its IWMS or asset management portfolio. Lucernex Lease Administration & Accounting is a real estate lifecycle management platform emphasizing compliant financial contracts and accountancy.

COSTAR and Tririga are common alternatives for Accruent Lucernex.

Reviewers rate In-Person Training highest, with a score of 7.7.

The most common users of Accruent Lucernex are from Enterprises (1,001+ employees).

Accruent Lucernex Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)5%
Mid-Size Companies (51-500 employees)40%
Enterprises (more than 500 employees)55%
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(26)

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!

Lucernex is a versatile software solution that addresses the challenges of lease administration and compliance with accounting standards such as ASC 842 and IFRS 16. Users across various departments including Legal, Real Estate, Finance, Tax, AP, Construction, Operations, and Procurement rely on Lucernex to streamline and improve their lease management processes.

One key use case of Lucernex is in the negotiation and management of store leases. It helps users efficiently handle the negotiation of store sites, track lease-related data, process rent payments, and generate reports for lease administration purposes. Additionally, Lucernex facilitates equipment lease management for FASB/IASB compliance.

Another important use case is the centralization of lease portfolio information. With Lucernex, users can house all their leases in one place and access critical data whenever needed. This not only ensures compliance with ASC 842 regulations but also enables better control over lease-related accounting functions such as rent accruals and payment processing.

Moreover, Lucernex integrates seamlessly with ERP systems for rental transactions and supports straight-line rent and percent rent accruals. This integration enhances data accuracy and enables efficient financial reporting. The software empowers accounting and supply chain departments to adhere to FASB guidelines while facilitating lease administration tasks.

Overall, Lucernex Lease Administration & Accounting provides a comprehensive solution for tracking leases, managing lease expenses, ensuring regulatory compliance, centralizing data, and improving system controls. It is a valuable tool for organizations seeking to streamline their lease management processes and meet accounting standards effectively.

Attribute Ratings

Reviews

Companies can't remove reviews or game the system. Here's why

No reviews found

Try adjusting your results by removing or modifying your filters.

Return to navigation