Last Updated
Overview
LeaseAccelerator helps companies automate lease accounting and maintain compliance with evolving standards. Its complexity can be challenging for smaller teams to navigate. However, its robust capabilities for managing large lease portfolios make it a valuable tool for finance and real estate professionals seeking accuracy and control.
Overall Rating
Based on 13 users reviews
3.7
Rating Distribution
Positive
62%
Neutral
31%
Negative
8%
Starting Price
Custom
LeaseAccelerator Specifications
- Lease Management
- Document Management
- Expense Tracking
- Reporting and Analytics
What Is LeaseAccelerator?
LeaseAccelerator is a comprehensive lease lifecycle automation platform designed for large enterprises managing extensive portfolios of real estate and equipment leases. It serves industries such as retail and transportation, offering solutions that span from lease sourcing and administration to accounting and end-of-term management. By automating complex processes and ensuring compliance with global standards like ASC 842, IFRS 16, and GASB 87, LeaseAccelerator addresses common challenges such as scattered lease data, manual tasks, and lack of visibility.
LeaseAccelerator Pricing
LeaseAccelerator Integrations
LeaseAccelerator software seamlessly integrates with various applications, including:
Who Is LeaseAccelerator For?
The software is designed to accommodate businesses of all sizes, catering to various industries and diverse use cases, such as:
- Retail
- Manufacturing
- Healthcare
- Transportation
- Real Estate
Is LeaseAccelerator Right For You?
LeaseAccelerator is a solid choice for businesses because it improves financial accuracy, reduces manual workload, and ensures compliance with lease accounting standards. It enhances visibility into lease obligations, supports better decision-making, and lowers the risk of costly errors, helping companies manage leases more efficiently and confidently.
Still not sure if LeaseAccelerator is right for you? Reach out to our customer support team at (661) 384-7070—they’re available to help you find the best solution for your requirements.
LeaseAccelerator Features
Centralized Lease Data Management
LeaseAccelerator consolidates lease information into a single platform, providing asset-level visibility across real estate and equipment leases. This centralized approach enhances data accuracy and simplifies compliance with standards like ASC 842 and IFRS 16.
Automated Compliance With Lease Accounting Standards
The software automates processes to ensure compliance with lease accounting standards such as ASC 842, IFRS 16, GASB 87, and GASB 96. It calculates right-of-use assets, lease liabilities, and amortization schedules, reducing manual errors and audit risks.
Seamless ERP Integration
LeaseAccelerator integrates with over 140 ERP and EPM systems, including SAP, Oracle, and Microsoft Dynamics. This integration streamlines data flow, reduces manual data entry, and ensures accurate financial reporting across platforms.
End-Of-Term Management And Automation
The software provides proactive notifications and automated workflows for end-of-term events, such as lease renewals and asset returns. This feature helps organizations manage lease expirations efficiently, reducing costs associated with missed deadlines and unplanned renewals.
Comprehensive Reporting And Analytics
LeaseAccelerator provides reports like roll-forwards, quantitative analysis, and journal entries to support compliance and financial analysis. Customizable reporting helps users assess lease performance and financial impact effectively.
Pros And Cons of LeaseAccelerator
Pros
Offers robust reporting capabilities
Provides centralized lease data management
Offers user-friendly interface
Ensures audit-ready documentation
Supports end-of-term lease management
Cons
Occasional system performance lags
Limited mobile access
Pricing may be prohibitive for smaller businesses
Requires substantial implementation time
LeaseAccelerator Reviews
Total 13 reviews
3.7
All reviews are from verified customers
Rating Distribution
5
Stars31%
4
Stars31%
3
Stars23%
2
Stars8%
1
Stars8%
Share your experience
Accountant, 51-100 employees
“Helpful, but a bit slow”
Pros
I have been using LeaseAccelerator for a while now and honestly, I cannot say enough good things. The interface is incredibly userfriendly, which makes it easy to find everything I need. It's also packed with helpful guides and tips throughout, which really helped me get up to speed quickly. One of the best things about it is how it keeps all my lease records up to date so I feel in control and can easily track everything.
Cons
It is quite slow, which is a significant drawback. Even simple tasks take an unusually long time to complete, making the software frustrating to use and impacting productivity.
Rating Distribution
Ease of use
7
Value for money
8
Customer Support
8
Functionality
7
Transportation, 500+ employees
“Easy but not sure why they calculate stuff this way”
Pros
The "Ask Alex" feature is such a game-changer for me. It's super easy to use and it's got so many resources that have helped me solve problems on my own.
Cons
Setup process was confusing and VACO didn't provide much help. They generated entries without offering any explanation, which made it difficult to understand the reasoning or calculations behind them.
Rating Distribution
Ease of use
7
Value for money
8
Customer Support
7
Functionality
8
Food and Beverages, 51-100 employees
“Not super easy to use”
Pros
I really appreciate how clean and organized the website design is. It's visually appealing and easy to navigate, making my experience so much smoother and also It doesn't feel cluttered, that's such a big plus for me.
Cons
Updating leases is difficult due to unclear instructions. It takes much longer than it should to update any information in the system.
Rating Distribution
Ease of use
6
Value for money
6
Customer Support
6
Functionality
5
Frequently Asked Questions
Who are the typical users of LeaseAccelerator software?
LeaseAccelerator is used by healthcare, retail, manufacturing and several other industries.
What types of pricing plans does LeaseAccelerator offer?
LeaseAccelerator price depends on unique business needs. Users can get a custom quote accordingly.
What language does LeaseAccelerator support?
LeaseAccelerator supports English.
What level of support does LeaseAccelerator offer?
LeaseAccelerator offers a support portal.
Does LeaseAccelerator offer an API?
Yes, LeaseAccelerator offers an API.
What other apps does LeaseAccelerator integrate with?
LeaseAccelerator integrates with SAP, Sage, Yardi, Deltek and many others.
Does LeaseAccelerator have a mobile app?
No, LeaseAccelerator does not have a mobile app.