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Lx Contracts: Lease Accounting Software for Full Compliance

Maintain compliance with financial reporting standards. Accruent Lucernex lease software helps organizations manage complex real estate and equipment lease scenarios.

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Get FASB/IASB Compliant with Lx Contracts Lease Accounting Software

Ensure compliance is achieved and maintained for current and upcoming lease accounting standards.

LXCONTRACTS Benefits-Maintain compliance

Maintain Compliance

Never risk a failed implementation or falling out of compliance. Lucernex has a 100% success rate getting clients into compliance with standards like FASB ASC 842, IASB IFRS 16 and GASB 87.

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LXCONTRACTS Benefits-Effectively manage-leases

Effectively Manage Leases

Accruent Lx Contracts provides transparency into your entire lease portfolio. Quickly calculate lease and expense obligations, identify underperforming assets, and ensure team efficiency.

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LXCONTRACTS Benefits-Get stronger data security

Get Stronger Data Security

Lx Contracts provides more robust data security than Excel or other stand-alone tools, including penetration testing, encryption, authentication and dynamic application security testing.

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LXCONTRACTS Benefits-Reduce user error

Reduce User Error

With generic spreadsheet tools, it’s easy to make mistakes, miscommunicate or miss renewal dates. Lx Contracts lease accounting software reduces user error, thereby lowering costs.

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LXCONTRACTS Benefits-Improve collaboration

Improve Collaboration

With Accruent Lucernex lease accounting software, all relevant personnel have access to important information, including your portfolio of leases, related documents, contracts and more.

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Trusted by industry leaders across 75+ countries

Effectively Manage Real Estate and Equipment Leases

Automate your lease administration and accounting for real estate and equipment, creating a single source of truth.

Better Forecasting Capabilities

With Lucernex’s robust reporting and analytics, your organization can gain deep visibility into the insights that you’ll need to effectively forecast, budget and allocate funds. This can avoid the need for multiple systems or manual reporting.

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Comprehensive Integrations

Lucernex integrates with a variety of systems to help you maintain compliance and generate comprehensive insights. These include ERPs like Oracle and SAP, accounting systems, CRMs, BI tools, financial management systems, human capital management systems and CMMS or FM solutions.

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Automatic Compliance with Lease Accounting Standards

Lucernex is verified as a compliant solution by a leading independent third-party accounting firm, meaning that you’ll always be compliant with ASC 842, IFRS 16 and GASB 87 standards (and any upcoming standards). This guaranteed compliance means you will never have to worry about audit risk or compliance concerns.

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“ Lucernex Lease Accounting Administration functions has streamlined us by allowing us to have all of the lease data in one place. We can tell when the lease is expiring, when we have renewals, what the next increases are”

— Kendall Dukes
Senior Manager, Real Estate Processes and Lease Administration

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What Makes Lx Contracts Stand Out?

Ensure team efficiency through workflows, processes and approvals.

Audit Logs

Lucernex provides audit logs that assist organizations leveraging the solution to achieve SOX compliance. It is also SOC 1 and SOC 2 compliant.

Audit-Ready Monthly Close

Features like automated reporting, cause of change reports, and comprehensive data integrations simplify the monthly close process.

Reporting Capabilities

Lx Contracts’ comprehensive and configurable reporting and analytics can help you effectively improve cost analysis, set KPIs and boost operations.

Centralized Data

Lx Contracts ensures your company’s data is accurate so you can easily calculate obligations while gaining a broader understanding of your real estate capabilities.

Alerts and Notifications

Create alerts to remember important dates – such as when it’s time to renew a lease – or let employees know if a document is ready for review.

Configurable Integrations

Accruent continuously enhances Lx Suite based on feedback and market trends. This means Lx Contracts will offer the functionality you need down the line.

Lease Management Communication Tools

Our contract lease system contains tools that can help you streamline processes and proactively resolve errors before they become significant concerns.

Role-Based Access Controls

With Lx Contracts lease accounting software, you can set permissions and approvals based on employee role or other criteria.

Comprehensive Ongoing Support

The Accruent global support team offers free superclass training, a proven certification training curriculum and a strong user network.

Look under the hood

Learn more about our software, get your questions answered, and find out how it can complement your current technology and processes.

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Integrate Seamlessly with Your Systems

Accruent software allows you to fully optimize the lifecycle oF your facilities and assets, offering connected workflows, integrated experiences and data-backed insights

Video Walkthroughs

Managing the Real Estate Lifecycle

Identify and select new sites, oversee construction, manage lease scenarios, and make stronger transaction management decisions.

Lx Projects

Dive into our LxProjects demo to see streamlined project management, critial data access, and improved efficiency and communication in action.

Lucernex Update for 2024

Learn more about Lucernex capabilities coming to you in 2024 and beyond.

Real Estate Transaction Management

Dive into the Lucernex Real Estate Transaction Management module.

Frequently Asked Questions

Why do I need lease accounting software?

Lease accounting software helps streamline the entire real estate and equipment lease process. It ensures you stay compliant with complex regulations like ASC 842, IFRS 16, and GASB 87. 

Accruent’s Lx Contracts simplifies lease portfolio management and improves forecasting accuracy. It also integrates with essential systems, offering analytics and tools for more effective lease administration and strategic planning.

What lease accounting standards are supported by this software?

Compliance standards are maintained with IFRS 16, ASC 842, and GASB 87. These three standards have been effective since 2019, with the common goal of improving transparency and providing better accuracy of a company’s financial position and performance level. 

Accruent’s lease accounting software helps organizations implement these standards and maintain adherence.

How much does lease accounting software cost?

The cost of lease accounting software can vary widely, often based on factors such as the scale of your lease portfolio, the complexity of your needs, and the specific features you require. Many providers offer tiered pricing models to accommodate businesses of varied sizes and budgets.

Contact Accruent to find an option that works best for you. 

 

What should I look for in leasing software?

Leasing software should streamline your existing business objectives. This is why it is important to assess your requirements and determine whether the software can meet those needs. 

Does your leasing software integrate with existing systems? Integration capabilities can play a pivotal role in determining a platform’s viability for your organization. 

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Lx Contracts: Lease Accounting Software for Full Compliance

 

Products Designed to Integrate Your World

Accruent software allows you to fully optimize the lifecycle of your assets and facilities, offering connected workflows, integrated experiences and data-backed insights.