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InfoLease Reviews & Product Details

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
What do you like best about InfoLease?

One stop shop. Granted in multiple menus but it's all there. Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Reporting is not very user friendly. Hard to get what you need quickly and easily. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

This is the main accounting software Review collected by and hosted on G2.com.

InfoLease Overview

What is InfoLease?

Feature-Rich and Extensible to Handle all the Complexities of the Equipment Leasing and Finance Industry as well as the Diverse Needs of Customers Around the Globe

InfoLease Details
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Product Description

Feature-Rich and Extensible to Handle all the Complexities of the Equipment Leasing and Finance Industry as well as the Diverse Needs of Customers Around the Globe


Seller Details
Year Founded
1974
HQ Location
Minneapolis, MN
LinkedIn® Page
www.linkedin.com
311 employees on LinkedIn®

CA
Overview Provided by:

Recent InfoLease Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"25 year Infolease user"
It should be noted we are still on Infolease Version 9, which is unidata/unix based (numeric entry to select menu commands). Clients are now upgra...
Ayo A.
AA
Ayo A.Enterprise (> 1000 emp.)
4.0 out of 5
"Infolease is handy"
I like the fact you can apply transactions easily, I also found it easy to learn too.
Verified User
I
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"Olag Sivanantham InfoLease Review"
Its functionalities, as the leading lease solution platform, I see them as market leaders
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InfoLease Media

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10 out of 11 Total Reviews for InfoLease

4.2 out of 5
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10 out of 11 Total Reviews for InfoLease
4.2 out of 5
10 out of 11 Total Reviews for InfoLease
4.2 out of 5
G2 reviews are authentic and verified.
Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

It should be noted we are still on Infolease Version 9, which is unidata/unix based (numeric entry to select menu commands). Clients are now upgrading to Version 10 which is windows based i.e. point and click, but has the same general look and feel as V9. My point here is that V9, while outdated in its presentation, is incredibly stable being a market leader for years. It's reliable and accurate in terms of meeting our lease accounting needs as an equipment leasing company. Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Operationally the downside is probably just V9 being an older technology which requires maintenance (although it has served us very well for 3 decades). With numerious clients upgrading to V10 the bugs should be worked out for our conversion in 2023 hopefully. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Leasing has unique financial accounting, operational and tax reporting requirements and Infolease meets those needs. We are audited annually by a big four audit firm and have a clean audit opinion. Review collected by and hosted on G2.com.

Faris C.
FC
Interim Accountant
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Amazing and seamless experience. Having had many difficult experiences in the past, the whole process was really smooth. The customer service was second to none! I would also like to state that I had hesitantions at first but would recommend infolease to anyone looking for a practical and seamless solution. I would also like to note that competitors are close but in terms of price vs solutions, infolease come head and shoulders above everyone else! Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Certain things took a bit longer but that was due to Covid. This was probably not a major issue but it could have been for other people. Now a Vaccine has been released hopefully these issues can be resolved moving forwards.

I would also potentially like to note that we would have potentially benefitted from some kind of system that would have allowed us to have complete oversight of the project from start to finish. Review collected by and hosted on G2.com.

Recommendations to others considering InfoLease:

The cost benefit of this system is far beyond that of any comoetitors. All you will need to do is test the system and you will see for yourself the benefitd this can yield! Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Leasing issues. The benefits are that the entire operational process is much smoother. I would have to say the biggest benefit of this whole process has been the financial cost/benefit. We personally believe we got a very good service for a very good price which is of course very important for every person.

Some people have told me negative things about infolease but none of the turned out to be true which was a huge relief to all of us! Review collected by and hosted on G2.com.

Ayo A.
AA
Analyst
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

I like the fact you can apply transactions easily, I also found it easy to learn too. Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

I think it could be abit more user friendly, the interface is pretty old school Review collected by and hosted on G2.com.

Recommendations to others considering InfoLease:

i RECOMMEND it for you leasing AP and AP duties, its good to merge to your business needs, now you may need alot of training. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

I was solving AR and AP transactions for the asset finance business, the benefits was that it was integrated with Excel macros which meant I could process multiple transactions all in one go. Review collected by and hosted on G2.com.

Manikandan R.
MR
Confidential
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Seamless inbuilt options, rules, algorithms and reporting tools to choose from and rarely require to customize as necessary with ease Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

I could not think of any shortcomings so far, Infolease has definitely evolved over time and is now "The Best" in the leasing domain. Review collected by and hosted on G2.com.

Recommendations to others considering InfoLease:

It is a very good product, you will not be disappointed. Just go for it. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Very high volume highly critical leases of machinery and equipment by the client I had worked for were performed through Infolease. Straight forward plug and use for all types of lease processing, taxation calculations were inbuilt, reporting has been straight forward with very minimal need to customize. Review collected by and hosted on G2.com.

Verified User in Financial Services
IF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about InfoLease?

Its functionalities, as the leading lease solution platform, I see them as market leaders Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Their aging technology and lack of high quality InfoLease skills in the market Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

InfoLease has been the lease platform for my company since its inception. Review collected by and hosted on G2.com.

Fataneh H.
FH
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Data is organized well. And easier to look up. Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Sometimes complicated info. can not be easily retrieved. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

You can recognize and deal with arrears and defaults (Leases that have not been paid on time), you can easily spot them and make a report. The leases are easily uploaded to Microsoft access for monthly reviews. Review collected by and hosted on G2.com.

Chris M.
CM
Controller/VP of Finance
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Being able to onboard, invoice, ach payments Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

cost, lack of direct integration into accounting/dashboard/crm software suites Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Portfolio management is definitely streamlined, somewhat, but with a third party licensing and managing the onboarding/data input Review collected by and hosted on G2.com.

Verified User in Financial Services
IF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Easy screens showing your information that you need Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Difficult to learn how to extract information from the system till you learn the language Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Easy to implement upgrades Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about InfoLease?

Aging and Invoice Building process. very easy to handle Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

Restructuring process is not bit complex Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

Booking New leasing accounts and monthly invoice process Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
CI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about InfoLease?

Infolease is very convenient for companies to manage their fix assets. You can book the lease contract in the system, so you are very clearly knowing when the lessee need to make rental payment and when to charge late charge. Review collected by and hosted on G2.com.

What do you dislike about InfoLease?

When I was working with Infolease, we need to do day end, monthly end and year end manually, the system couldn’t change date automatically. Review collected by and hosted on G2.com.

What problems is InfoLease solving and how is that benefiting you?

With Infolease I can easily get what is the residue value of an asset. So if customer wants to dispose the asset it will be much easier to operate. Also I could get most of financial report from the system, doesn’t need manually calculate. It saves a lot of time. Review collected by and hosted on G2.com.