Categories:

#86

Visual Lease is ranked #86 in the Invoice Automation Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

Visual Lease Pricing

Based on our most recent analysis, Visual Lease pricing starts in the range of $500 - $1,000.

Price
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Starting From
Undisclosed
Pricing Model
Quote-Based
Free Trial
No

Training Resources

Visual Lease is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Visual Lease:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Visual Lease Benefits and Insights

Why use Visual Lease?

Key differentiators & advantages of Visual Lease

  • Supervise Leases: Keep leases centralized in one location, facilitate operations and pinpoint savings for every lease with the lease management module. 
  • Simplify Reporting: Leverage more than 100 pre-built templates to generate reports with ease or create reports from scratch with the reporting generator, providing users with greater customization options. 
  • Compliance Assurance: Leverage easy calculations to guarantee regulatory compliance throughout all stages of the lease process, such as modification, impairment, termination, abandonment and more. 
  • Flexible Data Transfer:  Implement lease data across different companies with protected auditable file transfers and pliant application programming interface (API). 
  • Centralized Financial Management: Merge every crucial financial system, so every piece of data needed is in one place with automatic calculating. 
  • Modifiable: Utilize tailored reports, infinite fields and dashboards to meet individualized organization requirements. 

Industry Expertise

Since 1996, Visual Lease remains the top solution that converges lease accounting compliance requirements into financial possibilities. Its values include innovating, owning, caring, adapting and reaching excellence with composure. It serves diverse industries such as healthcare, government and education, manufacturing and logistics, retail and more.

Visual Lease Reviews

Average customer reviews & user sentiment summary for Visual Lease:

User satisfaction level icon: excellent

110 reviews

94%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Visual Lease reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

  • Centralized Lease Repository: Visual Lease provides a single platform to store and manage all lease agreements, eliminating the need for paper files or spreadsheets. This allows for easy access to lease data and documents, improving efficiency and organization.
  • Automated Lease Accounting: The software automates lease accounting calculations, ensuring compliance with ASC 842 and IFRS 16 standards. This reduces the risk of errors and saves time for accounting teams.
  • Lease Reporting and Analytics: Visual Lease offers robust reporting and analytics capabilities, providing insights into lease portfolios and enabling data-driven decision-making. Users can generate custom reports on key lease metrics, such as lease expirations, rent obligations, and critical dates.

Cons

  • Limited Customization: Users have expressed frustration with the lack of flexibility in tailoring reports and dashboards to their specific needs, especially when it comes to intricate lease accounting calculations.
  • Usability Challenges: Navigating the platform's interface and features can be cumbersome, particularly for those new to lease accounting software. The learning curve can be steep, leading to inefficiencies and a need for extensive training.
  • Integration Issues: Integrating Visual Lease with existing accounting systems or other software can pose challenges, requiring additional configuration and potentially leading to data synchronization problems.

Researcher's Summary:

Visual Lease appears to be a popular choice among businesses for managing their lease accounting needs, especially those seeking to comply with regulations like FASB, IFRS, GASB, and ISSB. Users frequently praise its user-friendly interface, which simplifies tasks such as tracking expenses, handling invoices, and generating reports. This ease of use is a major plus, as it allows teams to quickly get up to speed with the software without extensive training. Additionally, Visual Lease offers a comprehensive suite of features covering various aspects of lease accounting, from asset lifecycle management and portfolio management to budgeting, forecasting, and tax management. This breadth of functionality makes it a versatile tool that can adapt to the diverse needs of different organizations. While some users note that the software can be complex initially and may require some guidance during implementation, the available support team is often commended for their responsiveness and helpfulness in addressing any challenges that arise.

However, it's important to consider potential drawbacks. Some users mention that the pricing structure of Visual Lease might be a hurdle for smaller businesses with tighter budgets. Additionally, while the software's extensive features are generally seen as a strength, they can also contribute to a steeper learning curve for new users. Despite these considerations, Visual Lease seems to be a good fit for organizations of all sizes seeking a robust and user-friendly solution for lease accounting and management. Its ability to streamline processes, ensure compliance, and provide valuable insights into lease portfolios makes it a valuable asset for businesses looking to optimize their lease management practices.

Key Features

  • Reporting: Create various detailed template-based or ad-hoc reports with the reporting apparatus. Users may also customize documents according to lease type, location, contract date and other valuable information. 
  • Integrations:  Integrate with other solutions such as SAP, Sage, Looker, Tableau, Qlik and more to upload journal entries into general ledgers and evaluate data with the right BI tools. 
  • All-Inclusive Audit Trail: Evaluate changes made with the detailed audit trail component and verify if all actions meet regulations with the approval workflows and permissions extensions. 
  • Chronicle Leases: Record essential dates, contacts, and terms linked to every lease and swiftly search for needed information. 
  • Importing: Import journal entries into general ledgers or trace rent via accounts payable. 

Limitations

This product comes with plenty of benefits and capabilities, but few limitations exist. At the time of this review’s publication, these are the limitations of the solution based on user feedback:

  •  Some reporting features are counterintuitive 
  •  Landlord information isn't always available 

Suite Support

mail_outlineEmail: For email support, users may send an email to [email protected].
phonePhone: For inquiries, users may dial 888-876-6500.
schoolTraining: Users may visit VL University for various training videos on topics such as system overview, adding a lease, lease record, accounting and more. Users may also access white papers, case studies, webinars and more.
local_offerTickets: Ticket support is not available at this time, but for sale inquiries, users may fill out the form on the request pricing page.
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