LeaseQuery helps read the lease and input all the information needed! Saves so much time! Review collected by and hosted on G2.com.

Creating reports was a challenge at first but LeaseQuery was very helpful in showing me exactly how to get what I needed! Review collected by and hosted on G2.com.

I like the built-in checks and balances. The system physically stops you from making common mistakes, which are incredibly easy to make in spreadsheets. They make errors a lot less common and provide a really good bulletproof audit trail. Having a centralized secure repository for all these documents and bits and pieces like that is very helpful. Review collected by and hosted on G2.com.

There's quite a steep learning curve. So when you first set it up, the dashboards look a bit overwhelming to people. It takes a few months to really adopt for new users. Review collected by and hosted on G2.com.

I have had good experience using LeaseQuery for ASC 842 Lease accounting. It's very user friendly and and easy to setup leases. It also automates the schedules and journal entries. Also, i can pull reports for audits and financial reporting. Review collected by and hosted on G2.com.

the initial setup of lease can be time consuming. for example, when you load the pdf it still doesn't auto populate some boxes with the info from the pdf. additionally, running the reports can take some time. Review collected by and hosted on G2.com.

FinQuery’s built-in AI automatically extracts information from lease documents and prepopulates key data fields, which not only saves time but also improves accuracy. The amortisation schedules are extremely useful, as they detail the monthly lease payments, interest, liabilities, ROU asset values, and depreciation. These schedules also make it easier to reconcile figures with the balance sheet and income and expenditure accounts. The ability to assign different access levels to users was essential for us and met one of our top requirements. This feature creates a clear audit trail for all entries and approvals, ensuring that a senior team member reviews and authorises any additions or changes before they go live. The Auditor responsibility feature is another valuable addition, and our auditors made good use of it during our most recent external audit.

We found the implementation process quick and pain-free, which we appreciated greatly. Review collected by and hosted on G2.com.

At first, we found it inconvenient that the system used the American date format (month/day/year) instead of the English format (day/month/year). After we brought this up, FinQuery responded quickly and, within a month, introduced an option to select the preferred date format. We were very impressed by this responsiveness. Occasionally, the system experiences minor lag, but this has not been a significant problem for us. One feature we would find particularly helpful is a modelling 'play pit,' as we are frequently asked to model various lease scenarios to support decision-making at the senior level. Review collected by and hosted on G2.com.

This software has made it incredibly easy to stay on top of all my lease obligations. Everything I need—documents, payment schedules, renewal dates, and payment schedules are all organized neatly in one place.

I also appreciate how transparent and easy it is to review lease terms and track payments. Review collected by and hosted on G2.com.

I haven't found any downsides. It can be a little confusing sometimes trying to figure out how to fix an error or fix something entered incorrectly. Review collected by and hosted on G2.com.

Due to the accuracy of the data, time-saving efficiency, the quality of customer communication and service, the ease of managing the system, and its overall functionality. Review collected by and hosted on G2.com.

I don’t have many complaints about FinQuery; however, one point worth mentioning is that the system does not always align with the specific needs of each company, which at times requires additional manual processes. Review collected by and hosted on G2.com.

It is a great platform for managing multiple lease accounting. It centralizes all the lease data and simplifies the monthly accounting process Review collected by and hosted on G2.com.

There is a bit of learning curve as it takes some time to become familiar with all the available features Review collected by and hosted on G2.com.

I like the ease of the reports from LeaseQuery powered by FinQuery as they get me everything I need for my monthly reports and for our audit reviews at the end of the year. These reports make it easier for me to handle other spreadsheets we track throughout the year for all our leased vehicles, buildings, and printers. Also, the initial setup was very easy with great help from the people at LeaseQuery. From what I've heard, this product seems to be more user-friendly compared to the previous one we used. Review collected by and hosted on G2.com.

I'm just learning, so I just had a hiccup with a couple of the leases. Review collected by and hosted on G2.com.

You set it up once and you'll just extract the monthly entries. They also have excellent customer support that listens to the community. Review collected by and hosted on G2.com.

I guess the topic itself is complicated so it really takes time to get used to it. Review collected by and hosted on G2.com.

I like LeaseQuery powered by FinQuery because it keeps lease data organized in one place, making financial records more organized and aiding in accurate financial reporting. The automation of complex lease accounting tasks is great as it handles calculations, schedules, and updates in the background, which helps to reduce errors and saves me a lot of time. The automation has really reduced my stress. The dashboard is clean and allows me to easily find and view data, providing a quick snapshot of obligations, payments, and data all in one place, which is better than using spreadsheets. I also appreciate that it eliminates manual lease calculations, making auditing and reporting less stressful. Review collected by and hosted on G2.com.

When you have a large amount of data, it takes time to configure everything correctly, and reporting customization can be more flexible. Sometimes it takes extra steps to find specific reports, and the pricing is a little higher for smaller teams. Review collected by and hosted on G2.com.