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
Pricing options
Pricing information is available on inquiry.
Visual Lease Features
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Visual Lease Reviews
Visual Lease Reviews
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.
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.
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
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.
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.
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Great integration of Lease Admin and Accounting
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.
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.
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
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
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.
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.
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.
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.
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Visual Lease Pricing
Visual Lease Pricing
Pricing information is available on inquiry.
Pricing information is available on inquiry.
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Visual Lease Features
Visual Lease Features
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Categories
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
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.