Visual Lease

The standard for lease accounting software

4,7 /5 (26 reviews) Write a Review!

Visual Lease Overview

What is Visual Lease?

Visual Lease is a software company that makes lease management simple – providing a robust SaaS platform that takes the complexity out of managing the financial and legal aspects of a company’s lease portfolio, from real estate to equipment and other assets.
Visual Lease was started in 1995, and from its inception, the company has been solving lease management problems and evolving the platform’s technology to meet changing customer needs. The passion, adaptability and competency of the Visual Lease team has resulted in a platform that’s always current and continues to deliver the industry’s most comprehensive lease management tool. Today, Visual Lease combines lease administration and lease accounting with consultative insights and technical expertise ¬ bringing depth of functionality and simplicity together in one intuitive platform. It streamlines the process of gathering, inter-preting and reporting on lease data, to make lease management more efficient, consistent and precise. The Visual Lease platform adapts to customer needs and integrates with existing ERP and financial systems, as well as with hundreds of third-party applications, for added flexibility and ease of use. Rapid implementation, professional services and training support from the Visual Lease team ensure that the cloud-based solution is up and running quickly, for a rapid ROI.
Moving forward, the platform will continue to evolve, driven by the community of Visual Lease customers and partners, their feedback and their needs. The result is a company that is laser-focused on delivering a user-friendly experience, providing responsive customer service and making the customers’ job easier.

Visual Lease Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Subscription
Value for money

Pricing information is available on inquiry.


Visual Lease Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia, China and 5 others, India, Japan, Germany, Brazil, Mexico
Supported Languages
English

Media

Visual Lease gives users an overview of their portfolio's performance in graph form
Users can view a map of property locations in Visual Lease with color-coded icons for lease type and status
Map icons link directly to lease records in Visual Lease
Visual Lease's project management tools include a 'Milestones & Tasks' view
Users can configure their own clause fields in Visual Lease to suit different contracts
Visual Lease includes a searchable contact database
Various document formats can be uploaded into Visual Lease, including PDF, Excel, Word, HTML, PNG, JPEG, and more
Visual Lease allows users to set up multiple alerts and reminders for important dates or tasks
Visual Lease can also be used to calculate percentage rent
Visual Lease video Visual Lease screenshot: Visual Lease gives users an overview of their portfolio's performance in graph form Visual Lease screenshot: Users can view a map of property locations in Visual Lease with color-coded icons for lease type and status Visual Lease screenshot: Map icons link directly to lease records in Visual Lease Visual Lease screenshot: Visual Lease's project management tools include a 'Milestones & Tasks' view Visual Lease screenshot: Users can configure their own clause fields in Visual Lease to suit different contracts Visual Lease screenshot: Visual Lease includes a searchable contact database Visual Lease screenshot: Various document formats can be uploaded into Visual Lease, including PDF, Excel, Word, HTML, PNG, JPEG, and more Visual Lease screenshot: Visual Lease allows users to set up multiple alerts and reminders for important dates or tasks Visual Lease screenshot: Visual Lease can also be used to calculate percentage rent

Visual Lease Reviews

Visual Lease Reviews

Overall rating
4,7
/
5
Excellent
20

Very good
6

Average
0

Poor
0

Terrible
0

Value for Money
4,6
Features
4,7
Ease of Use
4,7
Customer Support
4,8
100% recommended this app
William M.

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.


Ray H.

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.


Karen L.

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


Danilo F.

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.


Wendy H.

Exceptional Product

Reporting was a huge issue with our previous system. That problem has been solved with the fantastic functionality and ease of use. We can add as many users as we want or need and anyone can generate a report from the system to meet their needs. Our lease information can now be shared throughout the company wherever it is needed.


William M.
Industry: Hospital & Health Care
Company size: 1 001-5 000 Employees

Great integration of Lease Admin and Accounting

Used Daily for 1-5 months
Reviewed on 2020/07/30
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Ray H.
Industry: Security & Investigations
Company size: 501-1 000 Employees

New Visual Lease User

Used Daily for 6-12 months
Reviewed on 2020/03/12
Review Source: Capterra

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.

Response from Visual Lease

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Karen L.
Industry: Logistics & Supply Chain
Company size: 5 001-10 000 Employees

first lease admin & accounting software for the company

Used Weekly for 1-5 months
Reviewed on 2020/05/22
Review Source: Capterra

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

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Danilo F.
Industry: Retail
Company size: 5 001-10 000 Employees

How Visual Lease simplify the way to run reports

Used Daily for 2+ years
Reviewed on 2020/08/30
Review Source: Capterra

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.

Rating breakdown

Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Wendy H.
Industry: Medical Practice
Company size: 1 001-5 000 Employees

Exceptional Product

Used Daily for 1+ year
Reviewed on 2020/08/26
Review Source: Capterra

Reporting was a huge issue with our previous system. That problem has been solved with the fantastic functionality and ease of use. We can add as many users as we want or need and anyone can generate a report from the system to meet their needs. Our lease information can now be shared throughout the company wherever it is needed.

Pros

For me, the best feature of Visual Lease is the report generation. It is so user friendly! There is no point in maintaining a database of information if you are not able to access that information by clicking a few keys! You can literally create a report with any data points from the system in minutes. It has changed the way we do our jobs.

Cons

I can't think of a single thing I would change.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,4/10
Based on 26 user ratings
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Visual Lease Pricing

Visual Lease Pricing

Starting from
N/A
Free Trial
Subscription
Value for money

Pricing information is available on inquiry.

Pricing information is available on inquiry.

Value for Money
4,6/5
Based on 26 user ratings
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Visual Lease Features

Visual Lease Features

API
Accounting Integration
Activity Dashboard
Activity Tracking
Automatic Notifications
Billing & Invoicing
Calendar Management
Customer Database
Customizable Reporting
Data Import/Export
Document Management
Document Storage
Electronic Payments
Inventory Management
Inventory Tracking
Invoice Management
Reminders
Reporting & Statistics
Search Functionality
Third Party Integration
Features
4,7/5
Based on 26 user ratings
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Categories

Additional information for Visual Lease

Additional information for Visual Lease

Key features of Visual Lease

  • Accounts payable
  • Accounts receivable
  • Ad hoc reporting
  • Automated currency conversions
  • Automatic and user-defined notifications & reminders
  • Budget management
  • Common area maintenance/operating expenses (CAM/OPEX)
  • Configurable clause and data fields
  • Configurable workflow templates
  • Customizable reporting
  • Document management
  • Electronic approval records
  • Expense and cost allocations
  • Financial reporting
  • Gantt charts
  • Invoice processing
  • Location mapping
  • Multi-currency
  • Multiple file format support
  • Multiple general ledgers
  • Online approvals and rejections
  • Payment histories
  • Percentage rent
  • Portfolio performance summaries
  • Sarbanes-Oxley compliance
  • Searchable contact database

Benefits

Data fields and clauses can be configured to suit individual lease requirements, with the ability to link clauses to their respective documents.

User-defined and automatic reminders, alerts, and notifications can be layered to prevent missing notice periods, tenant improvement (TI) reimbursements, rent steps, CPI escalations, and more.

All types of files can be uploaded, stored, and attached, including Word and Excel files, PDFs, JPEGs, GIS maps, CAD, HTML files, and more.

Tenants, landlords, brokers, attorneys, notice parties, contractors, property managers, and utility providers can all be tracked through the searchable contract database, and transactions related to a contact can be found through reverse lookup.

Create standard or custom reports on an ad hoc basis, and save filters as templates for future reports.

All lease locations can be visualized on a map using color-coded icons which link to individual lease records.

Customizable measurement units, automated currency conversions, custom clauses to fit international compliance requirements, and currency normalization for reporting allow portfolio management across multiple countries.

Visual Lease FAQs

Visual Lease FAQs

Below are some frequently asked questions for Visual Lease.

Q. What type of pricing plans does Visual Lease offer?

Visual Lease offers the following pricing plans:

Pricing model: Subscription

Free Trial: Not Available

Pricing information is available on inquiry.

Q. What are the main features of Visual Lease?

Visual Lease offers the following features:

  • Accounts payable
  • Accounts receivable
  • Ad hoc reporting
  • Automated currency conversions
  • Automatic and user-defined notifications & reminders
  • Budget management
  • Common area maintenance/operating expenses (CAM/OPEX)
  • Configurable clause and data fields
  • Configurable workflow templates
  • Customizable reporting
  • Document management
  • Electronic approval records
  • Expense and cost allocations
  • Financial reporting
  • Gantt charts
  • Invoice processing
  • Location mapping
  • Multi-currency
  • Multiple file format support
  • Multiple general ledgers
  • Online approvals and rejections
  • Payment histories
  • Percentage rent
  • Portfolio performance summaries
  • Sarbanes-Oxley compliance
  • Searchable contact database

Q. Who are the typical users of Visual Lease?

Visual Lease has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Q. What languages does Visual Lease support?

Visual Lease supports the following languages:

English

Q. What type of pricing plans does Visual Lease offer?

Visual Lease has the following pricing plans:

Subscription

Q. Does Visual Lease support mobile devices?

We do not have any information about what devices Visual Lease supports

Q. What other apps does Visual Lease integrate with?

Visual Lease integrates with the following applications:

Cyfe, LeadMaster, NetSuite, Oracle Financials Cloud, Oracle JD Edwards EnterpriseOne, QuickBooks Online Advanced, VisitorTrack

Q. What level of support does Visual Lease offer?

Visual Lease offers the following support options:

Online Support, Phone Support