Last Updated
Overview
MRI Lease Accounting is a comprehensive lease management tool that delivers AI-driven lease accounting automation and compliance management. While the platform may need to improve its user experience, it enables faster data abstraction and accurate reporting.
MRI Lease Accounting Specifications
- Real Estate And Lease Management
- Reporting And Analytics Dashboards
- Asset Lifecycle Management
- Space Management And Planning
What Is MRI Lease Accounting?
MRI Lease Accounting is an extensive lease management platform that manages lessee and lessor accounting. It automates calculations, compliance with ‘IASB IFRS 16’ and ‘FASB ASC 842’’, and streamliness reporting. The platform ffaciciliitat discount rate management, dual entity reporting, and lease-level calculations. It also provides disclosure reports, ‘GL’ journal postings, and exemption and classification management to support full regulatory compliance.
MRI Lease Accounting Pricing
MRI Lease Accounting pricing is estimated to be $55/month. This pricing is intended for general budgeting purposes, as actual costs can vary based on number of users, selected feature tiers, and required integrations.
In addition to the base subscription costs, organizations should account for the following estimated expenses that are sourced from third-party websites:
- Implementation and onboarding costs: $1,000-$5,000 for small businesses; $5,000-$25,000 for mid-size businesses; $25,000-$60,000 for enterprises
Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.
MRI Lease Accounting Integrations
Who Is MRI Lease Accounting For?
MRI Lease Accounting is suitable for the following sectors:
- Real estate
- Commercial
- Healthcare
- Education
- Government
Is MRI Lease Accounting Right For You?
MRI Lease Accounting is suitable for businesses aiming to automate lease accounting processes and maintain regulatory compliance. It enables accurate lease data management, dual entity reporting, and discount rate strategies. The platform also supports lessee and lessor accounting, disclosure reporting, and journal posting to improve financial transparency and reduce manual workload.
Still not sure if MRI Lease Accounting is right for you? Contact our customer helpline at (661) 384‑7070 for further guidance.
MRI Lease Accounting Features
Lessee And Lessor Accounting
The platform manages both lessee and lessor accounting comprehensively. It delivers detailed calculations for amortization, opening and closing liability, interest, and depreciation at the lease and asset level.
Dual Entity Reporting
The software facilitates dual entity reporting across multiple organizational units and legal entities. It allows accurate consolidation and comparison of lease and financial data across entities for internal and external reporting.
Exemption And Classification
The system manages lease exemptions and classifications automatically according to ‘IASB IFRS 16’ and ‘FASB ASC 842’ standards. It supports detailed reporting for auditors, internal teams, and regulatory compliance, reducing manual errors, and improving the reliability of financial statements.
Accounting Periods
The platform allows structured management of accounting periods for all lease contracts. It delivers period-level calculations for amortization, interest, and depreciation in alignment with company-specific calendars.
Pros And Cons of MRI Lease Accounting
Pros
Provides AI-based lease data abstraction
Enables detailed lease-level calculations
Facilitates ‘GL’ journal postings
Allows comprehensive disclosure reporting
Cons
Updates may increase set up time
Extensive features may be slightly overwhelming for new users
MRI Lease Accounting Reviews
Total 3 reviews
3.7
All reviews are from verified customers
Rating Distribution
5
Stars67%
4
Stars0%
3
Stars0%
2
Stars0%
1
Stars33%
Share your experience
Anonymous
Logistics and Supply Chain, N/A employees
“Overpriced lease tool”
Pros
Its supposed to provide an option for lease management and have strong reporting capabilities. They told us it would simplify the process you have to go through for real estate and capital leases.
Cons
Unfortunately, it is very difficult to learn how to use it. The features it offers are great but what use are they when you can't figure out how to get them to work for you. The reports we were able to generate weren't really fit for our purpose and it was too hard to figure out how to customize it or get to another template. Way too expensive for what you get especially when you consider that there are less expensive and more user friendly options out there that most audit firms would be more likely to recommend anyways.
Rating Distribution
Ease of use
1
Value for money
1
Customer Support
1
Functionality
1
Robin C.
Staffing and Recruiting, N/A employees
“all lease data in one place”
Pros
Really handy to have quick access in a single place with this. Everything is housed on one platform so it works well as a one stop shop for the information I need.
Cons
I'm still getting familiar with the many features so more training at the beginning would be helpful.
Rating Distribution
Ease of use
9
Value for money
10
Customer Support
8
Functionality
8
Patrick L.
Hospital & Health Care, N/A employees
“all in one admin and accounting hub”
Pros
Having both an administrative database and an accounting tool in one place has been really valuable. It also supports access for multiple teams while still keeping the right security controls in place.
Cons
There are times when I wish the accounting reports were a bit more solid. I can get everything I need for disclosures but I've had to rely on a few workarounds instead of having one complete report in a single place.
Rating Distribution
Ease of use
10
Value for money
9
Customer Support
10
Functionality
8
Frequently Asked Questions
Does MRI Lease Accounting have a mobile app?
No, MRI Lease Accounting software does not offer a mobile app for Android and iOS.
Does MRI Lease Accounting offer an API?
Yes, MRI Lease Accounting software does offer an API.
What language does MRI Lease Accounting support?
MRI Lease Accounting supports English and Arabic.
What types of pricing plans does MRI Lease Accounting offer?
The vendor offers customized pricing plans according to different business needs. Its pricing is estimated to be $55/month. This pricing is intended for general budgeting purposes, as actual costs can vary. In addition to the base subscription costs, organizations should account for the Implementation and onboarding costs of $1,000-$5,000 for small businesses; $5,000-$25,000 for mid-size businesses; $25,000-$60,000 for enterprises. These estimated expenses are sourced from third-party websites. Get a customized MRI Lease Accounting cost breakdown for your business today.
What level of support does MRI Lease Accounting offer?
MRI Lease Accounting offers support through email, phone number, and form submission.
Who are the typical users of MRI Lease Accounting?
The typical users of MRI Lease Accounting include sectors like real estate, commercial, healthcare, education, and government.
What other apps does MRI Lease Accounting integrate with?
The vendor has not provided details about third-party integrations for this software.