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Lease Accounting and Management SoftwareReviews and Ratings
What is Lease Accounting and Management Software?
Lease accounting and management software is a specialized type of business software designed to help organizations effectively manage and account for their lease agreements. It supports compliance with accounting standards such as ASC 842 and IFRS 16 by automating lease classification, measurement. It also generates comprehensive reports on lease liabilities, assets, expenses, and other financial metrics to facilitate financial statement preparation and analysis. This software is critical for companies that lease assets such as real estate, equipment, and vehicles, enabling them to adhere to relevant accounting standards and regulations.
Lucernex is Accruent’s cloud-based real estate management and lease accounting platform for multi-site occupiers across retail, corporate, financial services, healthcare, and other industries. It helps organizations manage the full real estate lifecycle, from market planning and site selection through construction project delivery, transaction management, and ongoing lease administration.
The solution centralizes real estate and equipment leases, automates complex rent and expense calculations, and supports compliance with current lease accounting standards, including ASC 842, IFRS 16, and GASB 87.
With Lucernex, organizations can quickly calculate lease and expense obligations, identify underperforming assets, manage critical dates, and streamline decision‑making across their portfolios. Integrated project management tools support capital projects and build-outs with bid management, budgets, and schedules. Centralized data improves visibility.
Leasecake is a software designed to streamline lease management for businesses with multiple locations or properties. The software centralizes key information such as lease agreements, important dates, financial terms, renewal options, and contacts, enabling users to easily access and manage documentation and deadlines from a single platform. Leasecake provides alerts for critical tasks and dates, helping users avoid missed obligations and maintain compliance. The software also addresses the challenge of fragmented lease data by offering tools for secure storage, organization of documents, and collaboration among stakeholders. By facilitating a clear overview of lease portfolios, Leasecake supports informed decision-making and operational efficiency for companies managing commercial real estate leases.
EZLease is a software designed to facilitate lease accounting and management for organizations dealing with real estate, equipment, and other leased assets. The software automates compliance with regulations such as ASC 842, IFRS 16, and GASB 87, enabling accurate tracking and reporting of lease data. Its features include centralized lease document management, automated calculation of lease liabilities and right-of-use assets, schedule generation for payments and disclosures, and audit trails. EZLease helps organizations streamline processes, reduce manual errors, and maintain transparency in lease portfolios, addressing the challenge of staying compliant with evolving accounting standards while increasing efficiency in lease administration tasks.
FinQuery is a software designed to assist organizations with accounting and management of leases and other financial contracts. It offers features that enable users to track, manage, and report on lease obligations in compliance with applicable accounting standards. The software provides tools for automating calculations related to leases, generating standardized reports, and supporting audit processes. It helps businesses address the challenge of maintaining accuracy and transparency in lease accounting by streamlining workflows, simplifying data consolidation, and facilitating integrations with existing financial systems. FinQuery is intended to improve operational efficiency and support decision-making by providing clear visibility into leased asset portfolios and associated financial information.
LeaseAccelerator is a software designed to manage the complete lifecycle of enterprise lease portfolios, including real estate, equipment, and embedded leases. The software provides functionality for lease sourcing, contracting, administration, and accounting in compliance with prevailing accounting standards. LeaseAccelerator supports automation of lease data collection, processing, and reporting, enabling organizations to centralize lease information and streamline workflows. The software features tools for lease classification, financial reporting, and audit management, aiming to reduce manual efforts and improve data accuracy. By consolidating lease operations, LeaseAccelerator addresses challenges related to compliance, data integrity, and cost control in lease management.
MRI ProLease is a complete end-to-end, AI powered solution for lease administration and lease accounting.
Trusted by over 800 clients across 40 industries, MRI ProLease offers cloud-based solutions to manage and track real estate and equipment leases, comply with the latest IFRS 16/ASC 842/GASB 87 lease accounting requirements, automate workflows, and easily generate accurate and consolidated reports.
Designed by industry experts, MRI ProLease’s automated AI data extraction and accounting tools eliminates the need to trawl through complex lease contracts, enabling fast access to the data required, to avoid costly mistakes and mitigate risks.
Nakisa IWMS (formerly Nakisa Real Estate) is a cloud-native solution designed to help enterprises centralize and optimize the lifecycle management of 300+ assets (owned, leased, or subleased, including real estate, equipment, fleet, or facilities).
Nakisa IWMS consists of 3 seamlessly integrated products:
Capital Projects: Manage capital projects from budgeting and planning to site selection and execution.
Portfolio Management: Automate lease management, accounting, compliance, and reporting. Benefit from automated calculations, including CAM reconciliation and percentage rent. Easily add contract modifications and new contract terms. Track critical dates and streamline collaboration with 3d party.
Facility Management: Manage inventory, assets, maintenance, work orders, and energy consumption.
Nakisa IWMS integrates natively with SAP, Oracle, and Workday, ensures compliance with IFRS 16, ASC 842, and local GAAP, and provides enterprise-level scalability and security.
Nakisa Lease Accounting (NLA) software enables global enterprises to efficiently manage complex lease portfolios with over 300 diverse assets, such as fleet, equipment, real estate, and land. Built for companies requiring robust ERP integration (SAP S/4HANA, SAP ECC, and Oracle), NLA ensures seamless compliance with ASC 842, IFRS 16, and local GAAP standards. Its intuitive, end-to-end platform centralizes lease data and automates every step of lease accounting—from budgeting and planning to abstraction, administration, modifications, compliance, auditing, reporting, and termination. As a cloud-native solution, NLA offers easy configuration, rapid deployment, and accelerated delivery of new features for streamlined enterprise-grade lease accounting.
Netlease is a software designed to streamline lease accounting processes for businesses, focusing on compliance with accounting standards such as ASC 842 and IFRS 16. The software provides tools for managing lease data, calculating journal entries, amortization schedules, and reporting. It assists organizations in tracking lease contracts, generating required disclosures, and maintaining accuracy in financial records related to lease obligations. Netlease facilitates automation of complex lease calculations and ensures transparency in financial reporting, helping users address the challenge of managing multiple leases while reducing manual effort and mitigating the risk of errors in compliance and record-keeping.
Spacebase is a software designed to facilitate collaboration, knowledge sharing, and documentation within organizations. The software provides tools for managing meeting notes, creating shared knowledge repositories, and centralizing information, enabling teams to organize and access project records and operational documents in a unified space. Spacebase offers features such as collaborative editing, search functionality, and permission controls, supporting the structuring of internal communications, processes, and workflows. By offering a platform for storing institutional knowledge, the software addresses challenges in information retrieval, reducing redundant communication and assisting teams in maintaining up-to-date records for ongoing projects and operational activities.
Tango Lease is a cloud-based lease management and accounting solution that centralizes your entire lease portfolio - documents, dates, obligations, and decisions -into one intuitive system. It ensures compliance with ASC 842, IFRS 16, and GASB 87, helping you stay audit-ready. Built-in AI accelerates abstraction, document intake, and searching, while financial tools streamline rent payments, expense reconciliation, and journal entries. With proactive tracking of critical dates (e.g. renewals, options, clause changes) and support for equipment leases and subleases, Tango Lease gives your team clarity, control, and confidence to manage risk and optimize costs.
Trullion is a software designed to automate and streamline financial workflows for accounting and finance teams. The software utilizes artificial intelligence to extract, analyze, and reconcile data from contracts and supporting documents, facilitating compliance with accounting standards such as ASC 842, IFRS 16, and GASB 87. Trullion helps organizations reduce manual data entry and minimize errors by digitizing contracts and generating audit-ready reports. The software is utilized to simplify lease accounting, revenue recognition, and audit processes, providing transparency throughout financial reporting and enabling teams to maintain accuracy and efficiency in their operations.
Visual Lease is a lease management software that helps organizations centralize and automate the tracking, reporting, and administration of real estate and equipment leases. The software offers features for lease data management, compliance with accounting standards, financial reporting, lease abstraction, and portfolio analysis. It enables businesses to monitor lease expirations, calculate lease liabilities, and maintain compliance with regulations such as ASC 842, IFRS 16, and GASB 87. Visual Lease provides dashboards and analytics to support decision-making and risk mitigation, addressing the business need for efficient lease data management, compliance, and operational visibility.
This service may contain translations provided by Google. Google disclaims all warranties related to the translations, express or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose and noninfringement. Gartner's use of this provider is for operational purposes and does not constitute an endorsement of its products or services.
