LeaseAccelerator

Name: LeaseAccelerator
Rating: 5.0 (2 reviews)

2 Reviews 5/5 ★ ★ ★ ★ ★

An enterprise-level lease accounting software from LeaseAccelerator for ASC 842 and IFRS 16 reporting.

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Product Overview

LeaseAccelerator is an enterprise lease lifecycle management software that offers a comprehensive solution for managing real estate and equipment leases. It helps ensure long-term compliance, improve operational efficiency, and free up cash flow. The software is particularly known for its data management and automation capabilities, supporting a vast number of leases and assets globally. It manages and automates hundreds of thousands of leases, valued at billions of dollars, across numerous assets in various countries.

Pros

Offers full reports for lease data, accounting, and mangement
Standardized contractual lange for RFPs
Automated error messages prevent duplicate leases

Cons

Pricing information not provided by the developer
New users require training
Report generation can take time

Target Market

Large organizations or enterprises that manage a significant number of real estate and equipment leases and want to optimize on a global scale.

Not Recommended For

Small to midsize property managers managing smaller portfolios

Insightsoftware acquired LeaseAccelerator in July 2024. LeaseAccelerator will continue to be supported and sold.

Video Overview

Lease Accounting Features

US GAAP and IFRS reports
Real estate and equipment rental lease tracking
Asset-Level accounting
Disclosure reporting
Audit trail documentation

Real Estate Lease Administration Features

Centralized contracts
Rent payment tracking
Track contract modifications and rent changes
Invoice management
Budgeting and forecasting
Spend analysing

Equipment Lease Management Features

Renewals management
Equipment returns management
Buyouts management

Compliance Features

Automatic lease term tracking
ASC 842 and IFRS 16 compliance
Stay audit-ready
Centralized data

Product Overview

Type Lease Accounting Software
Client OS Web
Deployment Cloud Hosted

Developer Overview

Name LeaseAccelerator
Year Founded 2003
Headquarters Great Falls ,Virginia ,USA
Type Private
Est. Size 50-200 employees
Est. Revenue $100M-$200M

User Reviews of LeaseAccelerator

Anonymous

Overall

★★★★★

Lease Management Accelerated

May 11th, 2022 • Roles: Purchaser & End User

Lease Management Accelerated. LeaseAccelerator provides comprehensive reports for lease data, accounting and management. Each organization using LeaseAccelerator is also assigned a Customer Success Manager who helps to ensure that us, users of the software, are heard.

Fred Weimer

Overall

★★★★★