Control your portfolio and maintain ASC and IFRS 16 compliance with ease.
In the fast-paced world of retail and hospitality, where change is constant and demands are high, you need a solution that keeps up with your evolving needs. VL is up to the task.
Whether you’re managing storefronts, dining spaces, equipment leases, or multi-location properties, VL will ensure you stay on top of every detail and easily sustain compliance with ASC 842 and IFRS 16.
Centralize leased and owned asset financials in a single source of truth, including master leases, subleases, embedded leases, and more. Whether you’re managing leases for retail stores, restaurant locations, or hotel properties, our platform allows you to account for expenses like tenant improvements, buildouts, and CAM/OpEx reconciliations all in one place.
Set up the system for your unique needs, including variable period calendars (4-4-5, 4-5-4- and 5-5-4, and 13-month) customizable fields, configurable internal controls, multiple allocations, and unlimited currencies. Tailor your lease management to accommodate seasonal fluctuations, international operations, and diverse property portfolios across your retail or hospitality business.
Surface actionable cost-savings and simplify disclosures and month-end close.
Leverage robust audit-ready standard reports or run reports on the fly with a powerful reporting engine, ensuring you stay ahead in the competitive retail and hospitality sectors. Identify opportunities for cost reduction, optimize lease renewals, and gain insights into the performance of your various locations.
Manage modifications with complete remeasurements and transparent calculations backed by a bi-annual SOC I Type enforce internal controls with configurable approvals and a complete audit trail for all your retail stores, restaurant locations, or hospitality properties, ensuring compliance and accuracy.
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 rent escalations, renewal options, and critical maintenance deadlines, keeping your operations running smoothly.
Track energy, water, waste, and biodiversity data for leased and owned assets, including large retail spaces and hospitality processes. Upload supporting documents, create a complete emissions inventory, and generate reports compliant with GRI, ISSB, TCFD, EFRAG, and the Greenhouse Gas Protocol.
Bulk upload templates automatically adjust to your system settings and catch potential errors before they can cause problems. Our integrations make it easy to pull in activity data, automatically, whether you’re managing multiple retail locations, hotel properties, or a chain of restaurants.
Our dedicated customer success managers will configure your system, controls, and data for optimal performance. We understand the unique challenges of the retail and hospitality industries and are here to get you up and running efficiently.
We prioritize your success without additional charges. Our experts, knowledgeable in retail and hospitality operations, are available to answer your questions and ensure you keep progressing without any hidden fees.
VL is user-friendly, with comprehensive system trainings and how-to guides available on demand, helping your teams quickly adapt and maximize the platform’s capabilities across your retail stores, restaurants, or hospitality properties.
Dru Ingram
VP, Corporate Controller at Bassett Furniture
