Visual Lease

RATING:

4.7

(55)

About Visual Lease

Visual Lease is the #1 provider of lease optimization software, trusted by organizations worldwide to ensure compliance with lease accounting standards, meet ESG reporting requirements and turn their lease portfolio into a strategic asset. It is a single source of truth for real estate and equipment portfolios, as well as associated environmental data. Serving as a subledger for lease financials, Visual Lease is embedded with controls to help teams work together reliably and efficiently while also maintaining accuracy, consistency, and completeness. The solution is informed by more than 25 years of experience, backed by an award-winning, all-inclusive support model, recommended by top accounting, consulting and real estate firms, and loved by more than 1,000 organizati...

Visual Lease Pricing

Please contact us for customized pricing based on the number of leases in your portfolio.

Free trial: 

Not Available

Free version: 

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Visual Lease Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Visual Lease

1 - 5 of 55 Reviews

Anonymous

1,001-5,000 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2022

Visual Lease

Overall, A+ experience.

PROS

Visual Lease makes Lease and Asset Management simple and easy to Administer.

CONS

Visual Lease is pretty versatile and there wasn't much I can say to improve it.

Vendor Response

Hi there, thanks for taking the time to share your experience with us. What makes your day-to-day easier is the driving force behind all decisions that we make related to our software and services. If you have any additional thoughts or feedback, we'd love to hear it! Please feel free to reach out to Erin at emccrann@visuallease.com.

Replied April 2022

William

Hospital & Health Care, 1,001-5,000 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2020

Great integration of Lease Admin and Accounting

We have only just begun our journey, but I am very impressed with the customer service and knowledge of our implementation manager and our account manager. It gives me great confidence that we will get the support we need going forward.

PROS

Visual Lease is exactly what we were looking for. We had an existing lease administration system, but were still doing the accounting manually. The lease administration functions are much easier to use and there is a seamless flow into the lease accounting functions. Our implementation manager was amazing. She was able to walk us through the setup process and answered all of our questions. I am confident that I can find the right data quickly in Visual Lease where I just stopped going into the old database because it was much too cumbersome to extract the data in the format I needed it. I also have the confidence that our accounting team is getting the correct data now that we are no longer manually sending reports.

CONS

They have some side features like project management that are limited in nature. Although not a primary purpose of the software, some additional improvements in these areas would make it that much better of a product. Also, the mapping had some inaccuracies that we were able to manually overcome, but should continue to be improved.

Reason for choosing Visual Lease

Visual lease was the product that we felt had the best integration of both the lease administration and lease accounting functions. Other software systems said they could do both but upon further review they were strong in either admin or accounting but not both.

Reasons for switching to Visual Lease

We did not have a lease accounting system that was tied to our lease admin system. We conducted an RFP for a system with both capabilities and through that process chose Visual Lease.

Dede

Building Materials, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed March 2022

Capterra-DA

PROS

Reporting for accounting and AP feed for journal entries.

CONS

Difficult at first to learn. Had difficulties with contacts set up as payors and when the property sold there is a certain order to follow; otherwise, you are updating the new contact as the previous contact and losing the history.

Vendor Response

Hi there, thanks for taking the time to share your input. It's important that we offer our users the service they need, and so, if you're open to it, we'd love to hear more about your experience. Please feel free to reach out to Erin at emccrann@visuallease.com to further discuss.

Replied April 2022

Jessica

Construction, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

3

FUNCTIONALITY

3

Reviewed March 2022

Experience with Visual Lease

PROS

This product is user friendly, I have never experienced an outage to the site or slow performance as I have with other products.

CONS

My only wish is that we could customize more fields.

Reasons for switching to Visual Lease

We needed a software that can run better reports and is more current

Vendor Response

Hi Jessica! Thanks for taking the time to give us feedback. We're glad to hear you're finding efficiencies with your leases through VL. Regarding your concern about our reporting structure, you'll be pleased to hear that some exciting changes are coming for our reporting module that are included in our product roadmap. I will share your feedback with our team. If you have any other questions or concerns, please email emccrann@visuallease.com.

Replied April 2022

Todd

Government Administration, 1,001-5,000 employees

Used daily for less than 6 months

Review Source: Capterra
This reviewer was invited by the software vendor to submit an honest review.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2021

A great tool for lease management at governmental entities

Our previous methodology for operational administration of leases was disorganized, and we often overlooked things like adjusting lease payments to comply with contractual terms or tracking a tenant's payment history. Visual Lease has given us all the tools we need to resolve these issues. Also, prior to acquiring Visual Lease, we had no processes to ensure compliance with the GASB 87 financial standard, and we are very pleased with the support that the Visual Lease application provides in that regard.

PROS

Visual Lease is configured to provide the full support we need with compliance to the emerging GASB 87 financial standard that applies to leases at governmental entities, and also gives us ready visibility to upcoming actions required (e.g., modifying lease payment amounts, updating insurance certificates, and acting upon scheduled contractual options). Both of these features were critical to us, and we are very pleased with the performance of the application in these areas. Pre- and post-implementation support was also terrific. We received excellent guidance in setting up our system, and have not been abandoned after going live.

CONS

At this writing, there' is no workflow to send staff messages about the upcoming events shown on the dashboard (e.g., modifying lease payment amounts, updating insurance certificates, and acting upon scheduled contractual options), so staff members that aren't using Visual Lease sometimes aren't aware of them. However, to be fair, this was not one of the requirements our implementation team defined, and when we inquired Visual Lease informed us they are already working on implementing workflow - so this is a very mild complaint.

Reason for choosing Visual Lease

Our primary factor in selecting Visual Lease over its competitors was its strong support of GASB 87 compliance, both in terms of the software's functionality and the personal guidance available from VL's implementation specialists. We also liked the fact that Visual Lease didn't de-prioritize either financial compliance or operational support in favor of the other trait; VL assigns equal weight to both in the design of their application.