LeaseQuery is much improved and ended up being the right choice
October 12, 2023
LeaseQuery is much improved and ended up being the right choice
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with LeaseQuery
Implemented ASC 842 and track our 100+ leases. We had too many leases to manually track so we needed a tool. We have many intercompany leases and different reporting structures that LeaseQuery has the tools to help with.
- Opening Journal Entries for implementation
- Putting out reports once the leases are in the software
- Approval structure
- Submitting changes to draft leases and submitted leases
- Reports for audited financials
- Outputs for monthly/ quarterly rollforwards and recons
- Too much back and forth required on approval of leases and changes made
We demoed several lease softwares. LeaseQuery was the only one that allowed the variations we needed including: different reporting structures and lessor and lessee accounting.
Do you think LeaseQuery delivers good value for the price?
Yes
Are you happy with LeaseQuery's feature set?
Yes
Did LeaseQuery live up to sales and marketing promises?
No
Did implementation of LeaseQuery go as expected?
No
Would you buy LeaseQuery again?
Yes