Visual Lease | Workflos AppStore

Visual Lease

4.2

220

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Visual Lease is a SaaS platform that helps organizations achieve and maintain compliance with lease accounting standards while improving the financial, legal, and operational performance of their leases. It is used by over 1,000 organizations to manage 500,000+ leased assets and is embedded with best practices from major corporations and industry-leading professionals.

Website

http://www.visuallease.com

Developer

Visual Lease

Suitable for enterprise

SMEs、Enterprises

HQ Location

Woodbridge, NJ

Year Founded

1995

Number of Employees

186

Twitter

@VisualLease

Strengths

User-friendly interface

Easy to navigate and use
Customizable reporting

Allows for tailored reporting to meet specific needs
Automated lease accounting

Simplifies and streamlines lease accounting processes

Weaknesses

Limited integrations

May not integrate with all necessary software
Expensive pricing

May not be affordable for all businesses
Limited customer support

May not provide adequate support for all users

Opportunities

Could increase market share by integrating with more software
Could attract more customers by offering more affordable pricing options
Could improve customer satisfaction by offering more comprehensive support

Threats

May face competition from other lease management software providers
May experience decreased demand during an economic downturn
May need to adapt to changes in lease accounting regulations

Ask anything of Visual Lease with Workflos AI Assistant

http://www.visuallease.com

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Review Distribution

👍

High - rated users

Visual Lease makes Lease and Asset Management simple and easy to Administer.Visual Lease is pretty versatile and there wasn't much I can say to improve it.
🤔

Average - rated users

Reporting for accounting and AP feed for journal entries.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.
👎

Low - rated users

Visual Lease has been easy to implement and maintain for our company and has certainly lightened the burden of ASC 842. The reporting functions are great, it's intuitive to use, and the Visual Lease team is quick to respond to any questions.The only difficulty we have had with Visual Lease is how VL reports different currencies in the roll forward report. For our accounting books, we report using the exchange rate in the current month, but the roll forward report only has an option for the spot rate at the beginning of the lease or the current spot rate, which causes a slight difference between the asset/liability balances we have in our GL and what the roll forward report shows.