Lucernex Review
April 04, 2018

Lucernex Review

Jessica Mihm | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Lease Administration & Accounting for Real Estate

Overall Satisfaction with Lucernex Lease Administration & Accounting, an Accruent company

We use Lucernex Lease Administration to track all of our lease related data and accounting functions. We use it within our leasing department and have integrations built in to communicate with our accounting system. We use the system to pay our rents, calculate accruals, and do our accounting entries for FASB compliance.
  • Allows me to customize my fields, pages, and reports to meet my needs.
  • Makes our accounting processes more efficient.
  • Realizes how the retail world works and is able to fit the product to meet our needs.
  • Training - more in depth training for users
  • More robust reporting without the need for Java or advanced reporting knowledge.
The FASB requirements were one of the main reasons for purchasing Lucernex and it has made the process much easier and I am confident that it will be working as we need it to when the new rules go into effect.
I think the system handles all leases very well. It enables you to customize it for your needs.
  • Makes our lease administration more efficient.
  • Allows us to comply with the new FASB guidelines
They were not as able to be customized to meet our needs and were not as advanced on the FASB changes.
A retail company with at least 100 leases that need to be tracked - might be cost effective with a smaller company.