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VL: Constructed to Handle Complex Lease Portfolios

Take control of your leased and owned assets and maintain confident compliance with VL.

With VL, you can build a solid foundation for sustained lease accounting and lease management.

We’ve taken on the heavy lifting for more than 1,500 organizations, helping them to gain control over their lease portfolio.

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Visual Lease by the numbers

Customers

Retention

M+

Records under management

All your assets in one place.

Robust lease management tools built to help construction teams manage complex contracts and financials for equipment, machinery, vehicles, and real estate, including sub-leases, master leases, embedded leases, and owned assets. Whether you’re managing heavy machinery leases across multiple job sites or office space for project management teams, our platform keeps everything centralized and accessible.

Streamline ASC 842, IFRS 16 compliance, and month-end close.

Generate journal entries and pre-built, third-party tested disclosures, roll-forward, and cash-flow reports with a single click, ensuring compliance and accuracy for all your construction assets, from cranes and excavators to office trailers and temporary facilities.

Ensure accuracy through every modification.

Configure auditable, preventative, and detective controls to maintain data integrity, including a complete audit trail. Streamline changes with complete modifications and subsequent remeasurements, whether you’re renegotiating equipment leases due to project delays or adjusting real estate leases to accommodate new project offices.

Benefit from intelligent imports and integrations.

Bulk import and upload templates catch potential errors before they can disrupt your projects. Flexible integrations make it easy to connect any ERP or third-party software, ensuring your construction financials, lease data, and project management tools work seamlessly together.

Automate your lease administration.

Our AI-driven tools streamline lease management processes, reducing manual effort and errors. This includes automated data extraction from lease documents and proactive alerts for key dates and obligations, such as equipment maintenance schedules, lease renewals, and payment deadlines, across all of your construction assets and projects.

Capture and report on your carbon footprint.

Track energy, water, waste, and biodiversity data for leased and owned construction assets, including job site offices, machinery, and vehicles. Upload supporting documents, create a complete emissions inventory, and generate reports compliant with GRI, ISSB, TCFD, EFRAG, and the Greenhouse Gas Protocol.

Learn more about VL ESG Steward ->

VL’s award-winning, all-inclusive support model:

Guided implementation

Our dedicated customer success managers will configure your system, controls, and data for optimal performance.

Expert support at no extra cost

We prioritize your success without additional charges. Our experts, experienced in construction operations, are available to answer your questions and ensure you keep progressing without any hidden fees.

On-demand training

VL is user-friendly, with comprehensive system trainings and how-to guides available on demand.

Dedicated account team

Our all-inclusive support model features a dedicated account team committed to helping you maximize your system’s potential and achieve your goals.

Construction Industry Frequently Asked Questions

How does the tool support IFRS 16 reporting for international construction subsidiaries?

A centralized lease accounting platform helps global construction firms meet IFRS 16 compliance through automated classification, amortization schedules, and ROU asset tracking. With support for multiple currencies, localized disclosure templates, and consolidated global reporting, the system ensures consistency across borders while reducing manual effort for each subsidiary.

How can lease management software support construction firms in managing decentralized operations and job-site-based assets?

Decentralized operations can make it difficult to maintain visibility into lease activity. A robust lease management platform supports job-site level data tagging, configurable workflows, and mobile-friendly tools, allowing teams to manage assets from the field while ensuring data integrity. This reduces the risk of overlooked renewals, missed lease obligations, or duplicated costs across projects.

Which dashboards track equipment utilization across simultaneous projects to reduce idle leased gear?

Lease platforms with built-in utilization dashboards allow teams to monitor how equipment is deployed across job sites. Filters by project, region, or asset class provide real-time insights into which assets are underused—enabling smarter redistribution and reducing unnecessary lease spend. These insights support both financial controls and operational agility.

How can geotagging help me see where leased cranes are located in real time?

When integrated with telematics, lease management systems can ingest geolocation data to show where high-value assets, like cranes or lifts, are deployed. These geotagged insights help field teams validate asset location, ensure security, and identify potential redeployment opportunities to improve job site efficiency.

How do we analyze regional lease‑rate trends to budget for future bids?

A robust lease platform enables the tracking and comparison of lease rates across regions, asset types, and vendors. By analyzing this data over time, construction finance teams can forecast lease-related costs more accurately, strengthen vendor negotiations, and improve the precision of bid proposals.

What challenges does lease accounting present for construction companies with both equipment and real estate leases?

Construction companies often manage a wide mix of lease types, from heavy machinery and trailers to office space and storage yards. Each lease type has unique financial and operational requirements, making compliance and accurate reporting more complex. A centralized lease management platform helps simplify this by consolidating all lease data in one place, applying the correct accounting treatment (under ASC 842, GASB 87, or IFRS 16), and providing workflows that align with the realities of field operations and back-office finance.

How do lease controls improve coordination between field ops and accounting in construction?

Lease controls like automated approval workflows, required documentation uploads, and audit trails help enforce financial discipline across field and office teams. These controls ensure that every lease—from short-term crane rentals to long-term property agreements—follows a consistent process. This improves coordination between those sourcing leases on-site and those responsible for financial compliance and reporting.

What our customers say:

“[Visual Lease] meets our reporting needs and provides us with the flexibility to configure the multiple entities and thousands of leases that we track.”

Jon Hunke
VP of Accounting & Information Technology at EVERUS Construction