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

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

Developer Overview

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

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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
★★★★★
★★★★★

LeaseAccelerator Review

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

Using the docs that LeaseAccelerator provides, … we have standardized contractual language when we’re going out for the RFP.