When you have full functionality, it creates the GL entries and can automatically feed them into your ERP. It also provides all the necessary tools to manage assets, including leases, prepaid rent, and more.

It has a great design, could be hard to learn at the beginning but after that, it kinda guide you through the system Review collected by and hosted on G2.com.

When a lease ends before the contract term is complete, we are unable to recalculate without impacting the balances from the previous periods when the lease was still active. Additionally, we encounter problems with the calendar feature. Our company operates on a unique fiscal calendar, which causes a catch-up period in the VL calendar that eventually becomes misaligned with our actual fiscal dates. I believe the system could be much more user-friendly, and it would be helpful to have the ability to create custom reports. Review collected by and hosted on G2.com.

There are a number of things that I like about Visual lease. I really like and find very useful the FASB report that gets generated for purposes of the leases note in the financials. This report saves me alot of time. I must also commend the support team who always manage to quickly resolve any queries we have or provide us with assistance where needed. They are knowledgeable of the product and friendly. Review collected by and hosted on G2.com.

What I dislike the most about Visual Lease is when a lease comes to an end, VL admin automatically changes its status from Active to Historical and as soon as the status has been changed to Historical, you cannot run any modifications to the captured lease. If a modification needs to be run on a lease with a Historical status, you need to recapture that lease which will remain Active for 24 hours (even if the lease end date has passed) but that allows you to capture the modification. This is time consuming. Review collected by and hosted on G2.com.

Its intuitive and user-friendly interface, which makes managing lease data simple and efficient. The platform provides strong compliance support, especially for ASC 842 / IFRS 16 requirements, and offers clear reporting that helps in audits and financial reviews. I also appreciate the responsiveness of the support team and the system’s flexibility in handling complex lease scenarios, which adds significant value to day-to-day lease administration. Review collected by and hosted on G2.com.

There’s nothing significant to dislike about Visual Lease. That said, the experience could be even better with a more seamless, direct integration with NetSuite, which would further streamline data flow and reduce manual intervention. Review collected by and hosted on G2.com.

I find Visual Lease valuable as a one-stop solution for lease management. I like the ability to summarize leases by vendors and categories, which is quite useful for my tasks. Additionally, I appreciate the functionalities like API integration with ERP that not many other tools offer. Setting up Visual Lease was pretty easy since many features were available out of the box, and I just needed to load our data to get started. Review collected by and hosted on G2.com.

I wish Visual Lease had automated GL and account postings to SAP ERP without needing a middleware. It would be helpful to have MCP connectors built into Visual Lease so that customers can directly plug into their ERP. Review collected by and hosted on G2.com.

I like best about Visual Lease for its depth and rigor around lease accounting compliance, particularly for ASC 842 .

Purpose-built lease accounting engine. Visual Lease is not a generic contract repository with accounting bolted on. The calculations, amortization schedules, remeasurement logic, and disclosure support are designed specifically for lease accounting standards, which reduces interpretive risk.

Strong audit and control features. The system maintains clear audit trails, version history, and change logs. This is especially valuable during external audits, SOX testing, and internal controls reviews.

Handling of complex lease scenarios. It performs well with modifications, reassessments, partial terminations, CPI-based escalations, and multi-component leases—areas where spreadsheets and lighter tools often break down.

Centralized lease data governance. Legal, real estate, accounting, and FP&A can work off a single source of truth, reducing reconciliation issues and inconsistent assumptions across teams.

Reporting and disclosure support. Standard reports align closely with financial statement and footnote disclosure requirements, which saves time during quarter-end and year-end close. Review collected by and hosted on G2.com.

Visual Lease excels at compliance and audit defensibility, but it often falls short on user experience, agility, and operational ease. Review collected by and hosted on G2.com.

Our company used Visual Lease to centralize and enter all of our lease data, and it has completely streamlined our lease accounting. One of our favorite workflows is loading all of our lease documents and tracking them directly by location—it keeps everything organized and accessible.

The calculation tool for ASC 842 compliance is seamless. It is incredibly easy to run and download our FASB journal entries for lease amortization, interest, and liabilities. On top of a great product, their customer service has been highly responsive and helpful. Plus, their onboarding and training program, Visual Lease University, is excellent and made sure our team was up to speed in no time. Highly recommend! Review collected by and hosted on G2.com.

Nothing to talk about here. All was good. Review collected by and hosted on G2.com.

I use Visual Lease to streamline the lease calculation process, which I couldn't do without its engine. I like the interface because they don't make unnecessary changes, and they take user feedback well to incorporate it into the product. This stability means my end users, who don't use the product often, don't have to relearn the software, which adds value. The software has been really great, and I find the training portal helpful. I rarely need to create support tickets since I can find answers through the support documentation. Review collected by and hosted on G2.com.

When we make a lease modification I occasionally make errors that then are posted to the accounting feed. I wish the system would be more error-proof to prevent making these mistakes. Review collected by and hosted on G2.com.

easily able to search for leasing documentations Review collected by and hosted on G2.com.

The reports feature are not user friendly and very hard to get the specific data for analysis, such as taxes, rent amount and sl rent. There is no easy options to generate all of leases on one file. Review collected by and hosted on G2.com.

I like the interface of Visual Lease and how the financials are organized. I appreciate that I can view expenses by month and year, and also by expense group, and it's easily exportable. Review collected by and hosted on G2.com.

Options/Clauses can be a little challenging to find and adjust, and the reporting is a bit difficult to create. When generating reports from scratch, I have to select filters beforehand, whereas I'd prefer to gather my data set first and filter it afterward. Review collected by and hosted on G2.com.

VL is a very good tool to manage portfolio. There are specific fields to make the infomation clear and organized. Review collected by and hosted on G2.com.

Expenses field are not clear, first page of expenses are not explicit as 'Entries'. And VL could improve the manuals about fields and facilities of system. Review collected by and hosted on G2.com.