Very good software that provides the accounting of leases under both the IFRS and US GAAP reporting frameworks. The support team is very friendly. They have alot of knowledge of the software and know exactly how to address the questions I have by providing detailed step-by-step guidance and are very prompt. The FASB disclosure report, included as one of the standard reports in Visual Lease, makes preparing the leases note in the Form 10-Q's and the Form 10-K's alot easier and quicker. The Ad hoc reports are also very useful as they allow me to generate reports containing the exact information that I require. Review collected by and hosted on G2.com.

I find that capturing a remeasurement/modification is not always that easy and slightly more complicated for some of the users in my team. Maybe a documented manual for capturing a remeasurement/modification (with different scenarios) would be useful - especially because we do not have many leases and therefore do not run a remeasurement/modification on a regular basis and therefore, one tends to forget how to make these remeasurements/modifications in Visual Lease. Review collected by and hosted on G2.com.

Visual Lease is a great tool to help you manage the complexity of your oganization's lease accounting. Visual Lease offers its users the opportunity to start tracking their lease accounting process without the use of Excel. For example, before we implemented Visual Lease, our organization was tracking leases in an Excel workbook that contained over 100 unique tabs, so we were eager to implement a new system that would allow us to more efficiently manage our leases, including the preparation of journal entries and responding to audit requests. I can confidently say that Visual Lease has definitely met our expectations in reducing the amount of time our organization allocates to completing all of our lease accounting tasks. Additionally, there are a lot of great reporting features that come with utilizing the platform to help you track the financial statement impact of an organization's leases entries. Just to provide a quick example, one of the platform's greatest features is a reconciliation report that assists with understanding how your lease entries should be impacting your balance sheet for any period selected. Such tools has allowed our organization to become more efficient in completing and reviewing our lease accounting processes. Review collected by and hosted on G2.com.

The platform is still missing features to help clients that may have more complex organizations. For example, I would like to see more features that reflect what accounting departments are able to do to record financial information to their accounting records to better reflect the financial results of a particular subsidiary. But to be fair, Visual Lease is always interested in feedback to better understand the needs of its users. Review collected by and hosted on G2.com.

Visual Lease provides a one destination to both house all of your needed lease information, but it also does an amazing job staying on top of polcy and regulation changes as they come up, which allow us to stay in compliance and limit our legal expsoures with our lease management. I am very pleased with the ease and use of the platform. It is also very user friendly with a simple setup process. Review collected by and hosted on G2.com.

Overall I would say I am very pleased with the platform. I know they are slowly working on integrating other functions with the ERP system. We currrently use Workday and it would be nice it there was a better integration between Visual Lease and Workday. Review collected by and hosted on G2.com.

I like the ability to use Visual Lease across two separate functions - Real Estate's administration of Leases and the Financial Accounting's execution of ASC 842. It's super easy to create a case and receive effective customer support! Review collected by and hosted on G2.com.

My biggest pain point it that reporting does not include archived records. So, if you archive a lease (to avoid incurring fees), you no longer have the ability to report on the lease at year end. Review collected by and hosted on G2.com.

Visual Lease is an easy to use software that has greatly improved the accuracy and efficnecy of our month end processes. The team at VL is also incredibly helpful with any implementation or maitenance needs. Review collected by and hosted on G2.com.

Some reporting functions could be improved. However, the team at VL has heard our recommendations and plans to implement them and improve reporting functionality. Review collected by and hosted on G2.com.

Flexibility around adding and changing lease information. Ease of use in finding information. Ease of ability to organize information related to a lease. Review collected by and hosted on G2.com.

Reporting capabilities and ability easily create reports or transfer reports between users although with the more recent updates this area is improving Review collected by and hosted on G2.com.

The most helpful thing about visual lease is the ability to have all of our leases in one place, making it easy to collaborable with other departments in the company. This alows for quick turnaround when reviewing. The customer support when issues have occured is also fantastic. When trying to implement new feature the support team was able to help my department get up to speed. Being that we use visual lease on a daily basis it is good to know that the new features are easy to integrate into out current work. Review collected by and hosted on G2.com.

When first using the layouts took a bit of time to get use too, but once reviewed with a rep they became easier. Review collected by and hosted on G2.com.

VL is very user friendly. The customer support has been awesome. No hidden fees anywhere. The layout of the admin portal is also quick and efficient. We buy multiple companies a year so setting up new branches/groupings is important to us. Review collected by and hosted on G2.com.

I really don't have any complaints. The only thing I've noticed is sometimes the JE feature leaves residual pennies in your GL. It doesn't fully amortize the lease. But it's never been more than 5 cents. Review collected by and hosted on G2.com.

The funcunality of it, I have been able to house lease , finacials and now even using it to track maintenace points of concerns and work orders. Review collected by and hosted on G2.com.

At this point when the most recent updates took some adjusting ; but since working through it No further issues Review collected by and hosted on G2.com.

Fairly intuitive user interface, especially once you've used it a few times; scalable especially with the functionality to mass import leases; security can be enabled to restrict user access to leases, easy to add and manage users; support team are quick to respond; accounting calculation schedules export to excel for analysis and audit evidence. I've also been able to onboard the team members and leases of newly acquired businesses by myself with the learnings I've had as administrator. Review collected by and hosted on G2.com.

I haven't found a foolproof way to make amendments to leases after the fact and have the system provide easy to understand journal entries to catch up for those amendments Review collected by and hosted on G2.com.