Visual Lease

Visual Lease

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Score 8.5 out of 100
Visual Lease

Overview

Recent Reviews

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Pricing

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What is Visual Lease?

Visual Lease is a Lease Management Software that provides robust lease accounting functionality with a depth of lease administration functionality to properly manage a company's lease portfolio.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Features Scorecard

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Product Details

What is Visual Lease?

Visual Lease is a Lease Management Software that provides robust lease accounting functionality with a depth of lease administration functionality to properly manage a company's lease portfolio.

Visual Lease Features

General Ledger and Configurable Accounting Features

  • Supported: Journals and Reconciliations

Inventory Management Features

  • Supported: Location management

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Standard reports
  • Supported: Custom reports

Security Features

  • Supported: Role-based user permissions
  • Supported: Single sign-on capability
  • Supported: Multi-factor authentication
  • Supported: User-level audit trail

Visual Lease Competitors

Visual Lease Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationNo

Comparisons

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Frequently Asked Questions

What is Visual Lease's best feature?

Reviewers rate Single sign-on capability highest, with a score of 8.

Who uses Visual Lease?

The most common users of Visual Lease are from Mid-sized Companies (51-1,000 employees) and the Government Administration industry.

Reviews and Ratings

 (6)

Ratings

Reviews

(1-3 of 3)
Companies can't remove reviews or game the system. Here's why
July 26, 2021

Maybe not this time

Score 5 out of 10
Vetted Review
Verified User
Review Source
It was used to address the new lease accounting standard ASC 842 and also used to keep track of our real estate leases and also copier leases. It was mainly used by our accounting and real estate teams. Our real estate team wanted to have a system that generates abstract reports, and Visual Lease has this feature.
  • Generates abstract reports
  • Allows us to include lessor's leases
  • Fairly user friendly
  • Journal entries look confusing and generate XXX as codes
  • Customer service should show concerns. When asked about XXX as codes in journal entries, customer support brushed off our concern as it was a default.
  • No API interface with Intacct
Visual Lease can be used for organizations that have intercompany leases as it allows for both lessors and lessees. It is not appropriate if you want to have a system that can integrate easily with your accounting system. I found that the company did not appear concerned to try to address issues with the system until we decided to discontinue using the system by not renewing the contract.
Visual Lease support was not too impressive to me because when I reached out to ask about the XXX codes in the journal entries, they did not seem concerned. They just said they were default accounts, but I did not know what I was supposed to do with them since we did not have these accounts. Also, when I asked about API integration, I could not get a good response on how to get Visual Lease to be connected with Intacct.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We are currently using Virtual Lease to organize our entire organization's lease programs so they are accessible to everyone who may need them. This helps with efficiency while trying to track leases.
  • Database of all leases.
  • This helps to track leases easily organization wide.
  • So far, this has worked out extremely well for our governmental environment.
Virtual lease is well suited for companies with a myriad of departments and not all are connected. This program helps link those missed connections on leases. I believe this would not be necessarily appropriate for a company on a smaller scale.
Any issues that we have come across, Visual Lease's support has been able to help us come to a solution.
Dominic Cromartie, CPA, MAFM | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Visual Lease is being used to track all leases company wide.
The software is getting used only in the finance department at this present time, we have plans to reevaluate the uses of the software next year to determine if we need to expand to different departments[.]
Visual Lease provides a repository for all of our [leases], putting them in a central location, which provides visibility for all of our leases and allows us to better strategically plan our future and current leases[.]
  • Easy to use platform
  • Calculation of GASB 87/FASB 842 liabilities
  • Integration into your ERP
  • Provide more Reporting options
Visual Lease is well suited for companies that are trying to manage their leases in a more automated way other then spreadsheet. A company that needs visibility around their leases and wants to stay in compliance with the ever changing world of accounting. A company that wants a software that can integrate with their ERP and make routine monthly accounting entries.
Support has been great. Customer Service has been really friendly and helpful