The only software named a Leader by G2 in both Lease Accounting and Lease Administration.
Why that matters
In lease accounting, journal entries and disclosures are the easy part.
The real work lies in achieving completeness, consistency and accuracy in your lease data. Garbage in, garbage out, as they say.
Maintaining the data and controls through Day 2 requires cross-functional collaboration.
At Visual Lease, we know that sustainable lease accounting starts with effective lease management.
For contracts as complex (and expensive) as leases, that requires a system that is flexible to your business’ needs, can keep up with lease changes and stay ahead of accounting regulations, so you don’t have to.
REPORT
Learn why you can’t do lease accounting without lease administration – Download this free report
Get the Report
What customers love about Visual Lease
Tools for every team
You don’t have to change the way you work to work together. Real estate, procurement and accounting teams each get purpose-built tools to work with their workflows, and it’s easy to set up alerts for outside teams that touch leases
Comprehensive configurability
Your software should work for you – not the other way around. Visual Lease is designed to be flexible to help you capture the nuances most important to you and set up your workflows your way.
Sustainable compliance through Day 2
Lease accounting compliance is not a one-and-done disclosure – it’s an ongoing process. We make it easy to manage contract changes and subsequent remeasurements, while maintaining controls across teams.
Flexible, robust reporting
One-click report templates with all the supporting data – no need for extra work to get the information you need. Or, build reports that pull in any field within the system – including custom fields.
Complete, always-accurate data
Maintain visibility, controls and data integrity across teams within a single source of truth for leases.
Expert support at no extra cost
Our world-class customer support team and white-glove implementation and service platform ensure your team is set up for success and supported all year long.
Calculations auditors trust
Our calculations are explained in every screen included in our annual SOC I Type II audit to save you time at audit.
star star star star star Mar 24, 2021
“Visual Lease is a great partner for complying with ASC 842”
What do you like best?
I have used Visual Lease with two different companies now, and both times they have been positive experiences. I have mananged a smaller lease portfolio of 30-50 leases. While I don’t utilize all of the tools that are available within Visual Lease, the tools themselves are well thought out. I recently completed our first year end audit after implementing the ASC 842 lease standard, and the Standard Lease Reports were simple to pull and provide to our audit team. Visual Lease is well aware that there is a learning curve with using their software, so they have a comprehensive training website called “VL University” that have on-demand training videos that will walk you through the features of the website. There is also a User Guide that I can review to learn how every feature works within the website. I have also had my service tickets replied to within 24 hours of submitting them. I think Visual Lease cares about their customers and are an excellent parter for managine leases.
star star star star star_half Mar 24, 2021
“All lease information and trigger dates in one place….”
What do you like best?
I like the alerts that help you know in advance when the lease terms are slated to change. Also, it is easy to add people to a distro list for alerts.
What do you dislike?
Visual lease is only as accurate as what is in the leases or what is updated by the real estate team. If updates are not made to visual lease, you will not have all the info you need.
star star star star star_half Mar 24, 2021
“Great Software that is Highly Capable”
What do you like best?
I like the ease of use that Visual Lease provides. The navigation tabs allow me to easily access the lease data I need, whether it is financial entries or pulling up documents to be viewed. It is also easy to manage users in the Administrator portal.
Recommendations to others considering the product:
Take a look at this software. It does everything a company needs for lease administration and more.
What problems is the product solving and how is that benefiting you?
We are organizing our real estate portfolio better so it is easy to track locations and use alerts to stay on top of critical dates. Our Accounting team is also using the software to better lay out their accounting schedules.
star star star star star Mar 24, 2021
“Excellent Tool”
What do you like best?
It is an awesome documentation tool for tracking all of our leases. The reports are very useful, and the interface is very easy to navigate.
star star star star star_half Mar 24, 2021
“Best lease software solution”
What do you like best?
The ease of use of creating and updating leases (after getting the hang of the product). Also, the ticket process to speak with experts is excellent and by far the most valuable part. Bill is AWESOME.
What problems is the product solving and how is that benefiting you?
This software streamlines our Accounting for leases and completely replaces our existing Excel solution (for both GAAP and IFRS)
star star star star star_half Mar 24, 2021
“Very user friendly platform & Great Lease Accounting Function!”
What do you like best?
The ease of use and the lease accounting function which allows you to run multiple lease calculations and scenarios for a lease. It has allowed us to move away from excel based spreadsheets and calculations and automate the calculations. Additionally we have realized great benefit from the centralized tracking and administration. We set up system alerts which send out emails to allow us to stay on top of upcoming term renewal windows so we can assure we make the best strategic decision.
Recommendations to others considering the product:
Production has allowed us to streamline our lease process.
star star star star star_half Mar 24, 2021
“Visual Lease vastly improved my Lease Accounting experience”
What do you like best?
The ability to have all of your leases in one confined space, as well as the ability to view these in a multitude of ways.
What problems is the product solving and how is that benefiting you?
The problems we are solving can be attributed to the time cost savings associated with Visual Lease. Because of Visual Lease, we have had more opportunities to take advantage of time in solving additional problems within other areas of business.
A new category of software Lease Optimization
More than just compliance.
At Visual Lease, our mission is to transform compliance projects into financial
opportunities – and leases into strategic assets. And it works.
Lease errors are costly
Get the visibility needed to right-size your portfolio, avoid unnecessary costs and automate time-consuming processes.
See how we’ve helped more than 1,000 customers.
Overbilling by Lessors
Large Manufacturing Company
Visual Lease helped the tenant recognize they were being inaccurately billed for a surrendered property, which had previously cost them an additional $105K.
Tax Errors
3rd Largest Insurer in the US
This customer found $185K in tax errors when they realized the landlord needed to offset operating expense increases against tax decreases.
Missed Reimbursements
National Bank
Visual Lease helped this customer recognize that they were eligible for a $500K reimbursement from their landlord for improvements made to a property.
Loved by leaders
Ready to get confident in your lease accounting and lease administration?
Schedule a Demo
