Capital Lease vs Operating Lease: The Main Differences
Gain clarity on the distinctions between capital leases and operating ...
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Automate campus scheduling for classes, meetings, and exams with our EMS software.
Plan and manage conferences effortlessly with EMS software to impress guests and streamline operations.
Boost workplace flexibility and maximize space use with seamless desk and room booking.
Organize workplace or campus events smoothly, creating memorable experiences.
Optimize workspace, manage allocations efficiently, and reduce costs with our space management solutions.
Deliver projects on time and within budget by improving communication, collaboration, and efficiency with our software.
Streamline lease accounting for ASC 842, IFRS, and GASB compliance.
Manage leases efficiently by tracking key dates, analyzing costs, and ensuring compliance.
Centralize data and analytics for better insights, faster negotiations, and revenue growth.
Centralize facility and asset maintenance, automate work orders, and ensure compliance with our CMMS software.
Extend asset life, reduce downtime, and prevent costly repairs with data-driven monitoring.
Prevent equipment failures and extend asset life by detecting and addressing issues early.
Make sustainable, cost-efficient energy decisions by monitoring and optimizing power consumption.
Remotely monitor and control equipment with real-time data to predict issues, boost efficiency, and reduce downtime.
Easily share and collaborate on documents, creating a single source of truth for engineers and contractors.
Manage and analyze assets across their lifecycle to schedule maintenance, reduce downtime, and extend lifespan.
Improve visibility, automate work orders, and ensure compliance for efficient facility and asset management.
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Maintain compliance with financial reporting standards. Accruent Lucernex lease software helps organizations manage complex real estate and equipment lease scenarios.
Ensure compliance is achieved and maintained for current and upcoming lease accounting standards.
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.
Accruent Lx Contracts provides transparency into your entire lease portfolio. Quickly calculate lease and expense obligations, identify underperforming assets, and ensure team efficiency.
Lx Contracts provides more robust data security than Excel or other stand-alone tools, including penetration testing, encryption, authentication and dynamic application security testing.
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.
With Accruent Lucernex lease accounting software, all relevant personnel have access to important information, including your portfolio of leases, related documents, contracts and more.
Automate your lease administration and accounting for real estate and equipment, creating a single source of truth.
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.
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.
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.
“ 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
Ensure team efficiency through workflows, processes and approvals.
Lucernex provides audit logs that assist organizations leveraging the solution to achieve SOX compliance. It is also SOC 1 and SOC 2 compliant.
Features like automated reporting, cause of change reports, and comprehensive data integrations simplify the monthly close process.
Lx Contracts’ comprehensive and configurable reporting and analytics can help you effectively improve cost analysis, set KPIs and boost operations.
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.
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.
Accruent continuously enhances Lx Suite based on feedback and market trends. This means Lx Contracts will offer the functionality you need down the line.
Our contract lease system contains tools that can help you streamline processes and proactively resolve errors before they become significant concerns.
With Lx Contracts lease accounting software, you can set permissions and approvals based on employee role or other criteria.
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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Accruent software allows you to fully optimize the lifecycle oF your facilities and assets, offering connected workflows, integrated experiences and data-backed insights
Manage your construction projects without a hitch using our robust real estate property management software. Whether it's launching new retail spaces or overseeing capital improvements, Lx Projects offers data-driven insights to keep everything on track and within budget.
Seamlessly connect contracts, site planning, projects, and transactions with our integrated solution. Lx Transaction Management is a key component of your IWMS, streamlining the real estate transaction lifecycle and empowering you to manage with confidence.
Manage your construction projects without a hitch using our robust real estate property management software. Whether it's launching new retail spaces or overseeing capital improvements, Lx Projects offers data-driven insights to keep everything on track and within budget.
Seamlessly connect contracts, site planning, projects, and transactions with our integrated solution. Lx Transaction Management is a key component of your IWMS, streamlining the real estate transaction lifecycle and empowering you to manage with confidence.
Gain clarity on the distinctions between capital leases and operating ...
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Identify and select new sites, oversee construction, manage lease scenarios, and make stronger transaction management decisions.
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.
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.
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.
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.
Lx Contracts: Lease Accounting Software for Full Compliance
Accruent software allows you to fully optimize the lifecycle of your assets and facilities, offering connected workflows, integrated experiences and data-backed insights.
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