We got an audit comment about tracking the significant number of leases we had in excel and the risks related to manually maintaining calculations. As we switched to NetSuite, we looked for solutions and NetLease was an amazing purchase. Matt Siepert was an awesome implementation specialist who was knowledgeable and felt like a team member rather than a consultant. He went above and beyond, even meeting with our auditors to determine proper treatment and system setup was in accordance with their expectations. Review collected by and hosted on G2.com.
We are a lessor but our sublessee pays their landlords directly. As a result, lease liability cannot be relieved. We use non-GL posting and will perform an annual true-up, which is similar to maintaining in excel. But the auditors were impressed with the system when we explored together so anticipating no comments this year! Review collected by and hosted on G2.com.