LeaseAccelerator - A great reliable and accurate leasing platform
May 12, 2025

LeaseAccelerator - A great reliable and accurate leasing platform

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with LeaseAccelerator

LeaseAccelerator is responsible for performing the lease accounting activities that are to be interfaced with [...] Environments specially Oracle. The tool is being supported by the LeaseAccelerator organization itself. [...] has a couple of boundary apps wherein they will be storing the leases with respect to Real estate and fleet. These boundary apps will be sending data to LeaseAccelerator. Lease accounting will be responsible for going ahead and accounting these leases and then generate invoices which will then be sent to Oracle for payments. We also have journals that will flow from the LeaseAccelerator to Oracle. [...] will perform the payment in Oracle for any accounting that is made for real estate and fleet Invoices.

Pros

  • Search and validation of lease information in LeaseAccelerator.
  • User Maintenance
  • Access Management
  • Lessor invoice processing error in LeaseAccelerator

Cons

  • CA recon files
  • NA
  • NA
  • Lease data import error handling is done very well by using LeaseAccelerator
  • GL Ledger segment validation : Integration issues between Oracle ERP and LeaseAccelerator w.r.t. GL posting is done very well using LeaseAccelerator
  • Fx Rate related Issues between Oanda and LeaseAccelerator is solved using LeaseAccelerator
LeaseAccelerator is very user friendly and easy to understand. Even if there are some new people who wants to learn this application can easily learn it and work on it.
  • Amazon Simple Notification Service (SNS)
LeaseAccelerator is more accurate and precise in calculating the leases. Also, LeaseAccelerator is more user friendly and easy to understand.

Do you think LeaseAccelerator delivers good value for the price?

Yes

Are you happy with LeaseAccelerator's feature set?

Yes

Did LeaseAccelerator live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of LeaseAccelerator go as expected?

I wasn't involved with the implementation phase

Would you buy LeaseAccelerator again?

Yes

Lease naming convention - Real Estate - Spacebase lease identifier along with an area indicator is used to identify real estate leases. The area indicator will appear as a suffix to the lease identifier as -AREA-XX where XX is a number. This convention is used in the event of a real estate lease that is tracked as a single lease in Spacebase that might be required to be a separate lease for accounting purposes in LeaseAccelerator. Note that for other integration requirements, the lease identifier is copied into the External Id field as well.

Using LeaseAccelerator

10 - Search and validation of lease information in LeaseAccelerator.User Maintenance and Access ManagementReconciliation of lease payments with Oracle ERP AP/GLLease data import error handling - Integration issues with Source system like ARI and Spacebase for Lease Import Failure to LeaseAccelerator.
5 - No experience required. Its easy to understand.
  • Due payments error in AP
  • Integration issues between Oracle ERP and LeaseAccelerator w.r.t. AP posting
  • FX rate sync error in LeaseAccelerator
  • By using the LeaseAccelerator as its maximum potential.
  • Import new leasing areas.
Its easy and accurate.

Evaluating LeaseAccelerator and Competitors

  • Cloud Solutions
  • Scalability
  • Integration with Other Systems
  • Ease of Use
Its easy reliable accurate and perfect software for using the leasing works.
Will not change and keep it same

LeaseAccelerator Implementation

LeaseAccelerator Training

  • No Training
Just simple few online documents and ask alex platform.
Yes it was very easy to grab things of LeaseAccelerator.

Configuring LeaseAccelerator

Easy to use.
No - we have not done any customization to the interface
No - we have not done any custom code

LeaseAccelerator Support

The LeaseAccelerator support is very helpful and quick responsive. They will address your query and will solve the issue as quick as possible.
ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
LeaseAccelerator support always provides exceptional support even if there is a priority we gets support in weekends also.

Using LeaseAccelerator

ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • Search and validation of lease information in LeaseAccelerator.
  • User Maintenance and Access Management
  • Reconciliation of lease payments with Oracle ERP AP/GL
  • No activity is difficult.

LeaseAccelerator Reliability

Its scalable and of further areas are added it can be scalable too for leasing those areas.
Mostly its available. As there are not any outages, but as it's a software only so there are some errors which may have come but we they were not that much noticable.
The performance is good but in some rare cases sometimes the leases don't load properly. But they are very rare.

Upgrading LeaseAccelerator

  • More reliable and accurate
  • Easier to use
  • More powerful and efficient
  • More lease areas
  • Wide range of services
  • Extra specifications

Comments

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