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LeaseAccelerator description
LeaseAccelerator is software designed for large companies to help manage their leased assets, from real estate to equipment. It assists with various aspects of leasing like tracking lease financials for accounting compliance, finding competitive lease offers, managing lease end dates, and even reporting carbon emissions from leased assets. This makes it easier for companies to stay organized, reduce costs, and make informed decisions about their leased assets.
What companies are using LeaseAccelerator?
Who is LeaseAccelerator best for
LeaseAccelerator helps large companies manage their leased assets, covering real estate and equipment. It streamlines lease financials for accounting compliance, aids in finding competitive lease offers, manages lease end dates, and even reports carbon emissions from leased assets. Users praise its user-friendly interface and robust reporting capabilities but note occasional slow processing speeds and complex implementation.
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Best fit for medium and large businesses.
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A good fit across various industries needing lease management.
LeaseAccelerator features
| Supported LeaseAccelerator's Lease Sourcing feature helps find competitive lease offers, transforming the leasing process. |
| Supported LeaseAccelerator's Lease Administration feature provides control over all leases, across any asset type. |
| Supported LeaseAccelerator's Lease Accounting feature ensures audit-ready compliance with a true subledger, managing lease financials accurately. |
| Supported LeaseAccelerator's Emissions Reporting feature manages emissions accounting for leased assets. |
| Supported LeaseAccelerator's Global Compliance feature manages leases across different regulations and standards. |
| Supported LeaseAccelerator's Portfolio Management feature provides insights into lease portfolio performance and risk. |
| Supported LeaseAccelerator's Data Integration feature connects with existing systems for seamless data flow. |
We evaluate the sentiment that users express about non-functional aspects of the software
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
LeaseAccelerator reviews
We've summarised 111 LeaseAccelerator reviews (LeaseAccelerator G2 reviews) and summarised the main points below.
- User-friendly and intuitive interface.
- Educational with helpful guides and tips.
- Maintains up-to-date lease records.
- Good accounting calculations and reporting.
- Quick and responsive customer support.
- Helpful "Ask Alex" feature with many resources.
- New trainings and guides frequently added to "Ask Alex."
- Great website design.
- Handles multiple leases efficiently.
- Promp support for upload issues.
- Robust system for lease accounting processes.
- Integrates well with financial systems.
- Automates manual controls.
- Helpful deal summaries and reporting options.
- Useful import templates.
- Calculates journal entries according to standards.
- Provides error messages for data issues.
- Multiple ledger support.
- Excellent training materials and videos.
- Handles bulk imports and exports well.
- Keeps all lease information in one place.
- Provides access to lease information.
- Responsive customer support and issue resolution.
- Convenient payable export for managing payments.
- Helpful reports for financial statement disclosures.
- Customizable reports.
- Clear lease document repository.
- Accurate lease accounting calculations.
- Handles complex contract terms.
- Continuous system updates with new features.
- Automates calculation and document inventory.
- Interacts well with other ERPs.
- Excellent for entering leases and creating calculations.
- User-friendly interface for lease management.
- Shares data between leasing administration and accounting.
- Helpful search bar.
- Streamlines lease processes and inquiries.
- Handles lease terminations efficiently.
- Centralized lease database.
- Provides current and future ROU and liability information.
- Compliance with ASC 842, IFRS 16, and GASB 87.
- Good communication and helpful webinars with CPEs.
- Automated entries and subledgers for reconciliations.
- Bulk import feature is great and user-friendly.
- Provides helpful variance adjustments.
- Thorough training.
- Responsive sales and implementation support.
- Wide range of reporting options.
- Full consolidation reports in reporting currency generated quickly.
- Helpful CSM and check-in calls.
- Easy to delete leases.
- Slow processing speed, impacting productivity.
- Difficulty handling Real Estate Administration.
- Confusing implementation and unhelpful vendor support.
- Lack of clear explanations for calculated entries.
- Report generation is slow and files are large.
- System glitches and lack of training resources.
- "Ask Alex" button placement interferes with other actions.
- Difficult lease updates and confusing instructions.
- Abstracting lease events into uploadable data sheets can be difficult.
- Limited customization for reports.
- System is not intuitive and prone to input errors.
- Limited community forum or direct customer support channels.
- Time zone differences affect support response times.
- Clumsy system and overwhelming information requests.
- Occasional issues with releases changing existing lease data and creating extra work.
- Renewals don't always work as expected.
- System is not capable of handling complex organizational needs.
- Inability to process credits and unreliable payment posting.
- Limited ability to vary leases and make multiple entries before submitting.
- Drop-down options don't default to frequently selected answers.
- Inability to rename documents in REM or view change history.
- Can't make negative entries for landlord credits.
- Overly complex for simplified lease portfolios.
- Quarterly upgrades often introduce new issues.
- Not sensitive to how upgrades affect customer systems.
- Standard reports contain excessive lines of data.
- System is too sensitive and small changes cause big differences in results.
- System crashes and slowdowns occur.
- American date format with no option to change.
- Changing basic functions requires Excel uploads.
- Lack of approval workflow for new deals or lease changes.
- Non-balancing ledger exports.
- Search function difficulties.
- Manual adjustments required due to system's inability to handle complex cases.
- Releases sometimes cause unknown and unpredictable issues.
- System delays prevent real-time updates.
- Inability to handle complex leases and adjustments.
- Cannot skip unused training sections.
- Support team is not always responsive or helpful.
- Workarounds often required.
- Some functionalities and rules change unexpectedly with updates.
- American applications irrelevant to Australian users.
- Technical difficulties when running system reports.
- Limited ability to filter reports by lease criteria.
- EOT terms handling can cause negative or unbalanced line items.
- Integration issues with SAP.
LeaseAccelerator pricing
The commentary is based on 1 reviews from LeaseAccelerator G2 reviews.
The pricing page requires filling a form to see pricing information.
Users sentiment
See the LeaseAccelerator pricing page.
LeaseAccelerator alternatives
Visual LeaseHas less momentum. More focused on real estate leases, with limited equipment lease features. LeaseAccelerator alternative.Read more
IFS UltimoBetter for asset and maintenance management in manufacturing, logistics, healthcare, retail, and other industries. A more suitable LeaseAccelerator competitor for small to medium-sized businesses needing easy implementation and a user-friendly CMMS. Focuses on maintenance, safety, and operational efficiency rather than lease accounting.Read more
CoStar Real Estate ManagerBetter suited for businesses of all sizes seeking ease of use and affordability. Caters to a wider range of industries, including retail, manufacturing, and hospitality. Has faster website traffic growth. Users appreciate comprehensive features and reporting but dislike the implementation process and recent performance issues.Read more
Property MeldBetter for property maintenance management in North America. Has slower momentum.Read more
OccupierBetter suited for real estate-focused businesses. Has stronger momentum in terms of employee growth. A LeaseAccelerator competitor focused on collaboration between finance and operations teams.Read more
LeaseAccelerator FAQ
What is LeaseAccelerator and what does LeaseAccelerator do?
LeaseAccelerator helps large companies manage their leased assets, covering everything from real estate to equipment. It tracks lease financials for accounting compliance, helps find competitive lease offers, manages lease end dates, and even reports carbon emissions from leased assets.
How does LeaseAccelerator integrate with other tools?
LeaseAccelerator integrates with financial systems, automating manual controls and data sharing between leasing administration and accounting. It also interacts well with other ERPs, streamlining lease processes and inquiries. However, some users have reported integration issues with SAP.
What the main competitors of LeaseAccelerator?
LeaseAccelerator's main competitors include Visual Lease, CoStar Real Estate Manager, and Occupier. These alternatives offer similar lease administration, accounting, and portfolio management features for businesses with complex real estate needs.
Is LeaseAccelerator legit?
LeaseAccelerator is a legitimate software solution designed for lease management. User reviews highlight its user-friendly interface and robust accounting features. However, some users have reported slow processing speeds and complex implementation. Consider these factors when assessing if LeaseAccelerator is safe and suitable for your needs.
How much does LeaseAccelerator cost?
I couldn't find pricing details for LeaseAccelerator. Contact their sales team for a customized quote based on your specific needs and the size of your organization. Consider factors like lease portfolio complexity and desired features when assessing value.
Is LeaseAccelerator customer service good?
LeaseAccelerator's customer service receives positive feedback. Users highlight the quick and responsive support team, helpful resources like "Ask Alex," and readily available training materials. While some users mention occasional delays, the overall sentiment towards customer service is favorable.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.