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Windows 7, Windows Vista, Windows XP, Mac OS, Web browser (OS agnostic)About Visual Lease
Visual Lease's software allows you to centralize and manage all your leased assets in a single, easy-to-use platform. Built with years of embedded knowledge from leading lease experts and CPAs, Visual Lease's powerful platform supports any size or type of lease portfolio. Visual Lease is dedicated to providing a first-class customer experience, and offers in-house implementation, lease abstracting, data entry, training and support.
Visual Lease's administration software is designed to help increase your efficiency and productivity by allowing you to centralize and manage all your leased assets in a single, easy-to-use platform. Track the data you need to support your company's unique processes and reporting requirements, regardless of asset type or industry. ...
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Web browser (OS agnostic)Average User Ratings
Overall
Ease-of-use
4.5
Value for money
4.5
Customer support
5.0
Functionality
4.5
Likelihood to Recommend
Not likely
Very likely
July 2020
William from Health Management Systems, Inc.
Company Size: 1,001-5,000 employees
Industry: Hospital & Health Care
Time Used: Less than 6 months
Review Source: Capterra
Ease-of-use
5.0
Value for money
5.0
Customer support
5.0
Functionality
5.0
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.
Reasons 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.
March 2020
Ray from Interface Systems
Company Size: 501-1,000 employees
Industry: Security and Investigations
Time Used: Less than 12 months
Review Source: Capterra
Ease-of-use
5.0
Value for money
5.0
Customer support
5.0
Functionality
4.0
March 2020
New Visual Lease User
We have enough leases to justify a software solution versus sticking with Excel. The process starting with demonstrations, through contract discussions and negotiation, to implementation to go-live, were generally smooth. The implementation was simple and was managed in such an excellent way, we were able to go-live two weeks earlier than expected. Customer success is quick to respond to questions. Although we don't always like the responses where the system does not handle a particular situation, we are pleased with the professionalism and care taken to respond.
Pros
The software is very straightforward and easy to use. This solution allows us to stay organized and provides us the platform to be in compliance with ASC 842 Leases. In addition to this we were able to provide our auditors access to read-only documents and calculations and the audit was significantly smoother because of this capability.
Cons
There are some challenges to disposals/terminations of agreements. Improvements are needed to manage the entire life cycle of a leased asset, especially when it comes to accounting and compliance with the new lease standard.
Reasons for Choosing Visual Lease
Perceived ease of use and costs
Response from Visual Lease
Replied June 2020
Hi Ray! Many thanks for taking the time to share your feedback. It is much appreciated. Our Product Team would love to speak with you further re: your needs around life cycle management and how we can simplify that process. We will be in touch to follow up with you shortly! -Andrea - Manager, Product at Visual Lease
May 2020
Karen from Electrocomponents plc
Company Size: 5,001-10,000 employees
Industry: Logistics and Supply Chain
Time Used: Less than 6 months
Review Source: Capterra
Ease-of-use
4.0
Value for money
4.0
Customer support
4.0
Functionality
3.0
May 2020
first lease admin & accounting software for the company
positive experience with sales during request for proposal, very knowledgeable and patient implementation team led by [SENSITIVE CONTENT HIDDEN] allowing us to complete implementation on time, some hiccups with trying to have more customised info built into the accounting feed without having to incur additional costs but otherwise have appreciated being put in touch with technical expert [SENSITIVE CONTENT HIDDEN] to understand how the system does or does not accommodate for IFRS 16 specifics
Pros
ability to apply more than one accounting standard to a lease, ease of running reports and creating ad-hoc rpeorts, clear and easy to follow journal entries and lease amortisation schedules, clean user interface
Cons
very US-centric whereas we are UK company applying IFRS and would like more of the US terminology turned off and more of the IFRS 16 accounting rules evident and labelled as such in the application so that users can make direct correlation to what is in the IFRS rules
Response from Visual Lease
Replied June 2020
Hi Karen! Thanks so much for sharing your feedback. We would like to learn more about the specifics of how we can improve our lease accounting nomenclature and usability for clients focused on IFRS 16. I will reach out directly to see if you'd be willing to connect with our Product Team. Thanks again for taking the time to share your input. It is much appreciated.
September 2020
Sheree from Asurion
Company Size: 5,001-10,000 employees
Industry: Accounting
Time Used: Less than 2 years
Review Source: Capterra
Ease-of-use
5.0
Value for money
5.0
Customer support
5.0
Functionality
5.0
September 2020
Review
Everyone has been very helpful with any issues I have ran in to. My overall experience has been very good.
Pros
Able to view leases and abstracts quickly. Since I pay the rent for over 100 locations I look at the financials and this is very helpful.
Cons
As of now I have not found anything I do not like about Visual Lease
Reasons for Switching to Visual Lease
In order to get more information that is needed for our real estate group
August 2020
Danilo from Azadea Group
Company Size: 5,001-10,000 employees
Industry: Retail
Time Used: More than 2 years
Review Source: Capterra
Ease-of-use
4.0
Customer support
5.0
Functionality
5.0
August 2020
How Visual Lease simplify the way to run reports
Preparing reports become much easier than before. Nowadays it is not required to communicate with all different departments, which very often they are not based in the same country.
Pros
For the Real Estate prospective the most useful feature is the report field. It is very useful and easy to use because you can review and check all the info (General and Financial) for all the units.
Cons
Overall the system works very well and one of the best feature that Visual Lease offers is the financial reporting. At the moment Visual Lease gives you the possibility to run financial reports with simple steps and various options such as customize by month and year. The additional feature that can be add value on these reports could be if the system automatically gives the amount based on the Lease year for all units despite the fact that they have different Lease periods.