NetLease by Netgain Reviews & Product Details

We already use NetSuite as our ERP system at my Company so when ASC 842 was implemented we started shopping for systems that would make lease accounting seamless. Truly this has been amazing as it seamlessly integrates with NetSuite our ERP system. We've used it for almost 2 years now and no regrets. The customer support team are also very responsive whenever we log in a ticket and response time is less than 24 hours. Totally recommmend!!! Review collected by and hosted on G2.com.

The sublease accounting portion can use some work. We're starting to have a lot of subleases and i think the reporting piece can be improved on. Review collected by and hosted on G2.com.

NetLease handles our lease accounting so we do not have to do the calculations ourselves. It has proven invaluable to us and our auditors. Review collected by and hosted on G2.com.

No real downsides, though you do have to pay for the upgraded version to get all the reporting and automatically posting journal entries. Review collected by and hosted on G2.com.

NetGains integreation with NetSuite is seemless making it incredibly easy to use Review collected by and hosted on G2.com.

Implementation process can be a bit challenging depending on the size of your lease portfolio, but well worth the initial time investment Review collected by and hosted on G2.com.

Being able to pull a schedule for all leases in the system made creating a lease summary schedule easy for an audit. Not having to manually calculate balances and payments over time saved me a lot of frustration and time. Also, being able to edit parts of a lease as it is active or being able to deactivate a lease to edit more aspects of it is nice. Lastly, while I have yet to make use of it, the map that shows the locations of all the leases is neat.

The website itself was easy to set up and use and our point of contact, Brooks, did an excellent job demonstrating the product and answering our questions. The website even has a tutorial base for if you have questions after the implementation process. Review collected by and hosted on G2.com.

I have only used it for pulling information for an audit, so my experience is limited in what functionality is missing. If there was one thing I could say would save me time was if I could build custom reports to pull in the system. I realize that is not practical on NetGain's side and the effort to make such a system work would outweigh the benefits. Overall, I am happy with the product as I have worked with it. Review collected by and hosted on G2.com.

We just started using NetLease but so far I'm a big fan. The installation was a breeze and now e have all info pertaing to our leases in 1 location along with any reports management may need for upcoming renewals, etc. The best things is the Knowledge Database. There are very easy to follow instructions or guidance on how to use the product! Review collected by and hosted on G2.com.

I haven't found anything I don't like yet! Review collected by and hosted on G2.com.

The software is simple and straightforward, automating a task that can be difficult with ease. The schedules are easy to read and the reports seem very comprehensive. Adding and editing leases is easy, either individually or with the supplied templates. Review collected by and hosted on G2.com.

It is light on features and could use some basic enhancements to make it a more well rounded tool. Also, it would benefit by adding more features that would help the facilities team to make a very robust collaborative solution.

However, our suggestions have seem to be valued and hopefully will be incorporated in some fashion in near future releases. Review collected by and hosted on G2.com.

NetLease has helped us significantly streamline our monthly lease process. It has also asissted us in maintaining our lease schedules which we previously did in excel which leaves room for errors. The implementation process could nothave been smoother and the integration into our current system was very easy. We have only run into a few questions post implementation and the customer support has been quick to respond and handle. I use the system daily and rarely run into problems. Review collected by and hosted on G2.com.

I would like if the disclosure reports would show amounts in the currency the lease is denominated in within NetLease. For example, we have leases denomiated in different currencies and right now the disclosure reports only show in USD so I have to do exchange rate calculations to present my foreign currency leases accordingly. Review collected by and hosted on G2.com.

Our implementation with NetGain for NetLease was great. Landon is very knowledgable about the product and was able to be extremely instrumental in helping us get NetLease set up properly for our adoption of ASC 842 and was great at teaching us how to do the many things that NetLease is capable of. NetLease is easy to use and we are literally in it every day as we have many leases and Landon was able to help us set up custom fields on them to hold all the information we need about them to have everything at our fingertips rather than digging through our contracts each time there is a question. The implementation was so organized and I love how it was set up in RocketLane so we knew at all times where we were in the implementation process and what the next step was. Landon was super responsive to all of our questions both during implementation and after. I highly recommend NetLease and NetGain. Review collected by and hosted on G2.com.

Only thing I have seen that I don't like is that the system cannot prorate payments for partial months. Not the end of the world since we can calculate them manually and put them in but it would be a nice feature to have. Review collected by and hosted on G2.com.

I've used 2 other lease software applications and NetLease was by far the BEST! The knowledge base and installation guides helped answer most of my questions. I was also able to impletement the software on my own timeline. Review collected by and hosted on G2.com.

We had a few hiccups on installation but the NetGain support team was always so responsive and helpful. The issue we ran into was due to a miscommunication on the implementation introduction video. The video suggested that we should install the NetGain bundle but I realized after we installed it that we hadn't given the NetGain team our NetSuite information first. Once the bug was fixed the rest of implementation was easy! Review collected by and hosted on G2.com.

We implemented this to be in compliance with ASC 842. It was super easy to implement and took less time than expected. With (what feels like) every company being short staffed in accounting, it was really helpful to use this software to make it easy to keep track of our leases and run the entries needed to be in compliance with the new standard. Instead of excel files, we just click a couple buttons and it does all the work for us! Music to an accountants ears when you think about adding yet another task to month end! Review collected by and hosted on G2.com.

While it is super helpful to use Netlease within Netsuite, it was a little tough at the beginning as the admin. It was straightforward to do but took me a bit longer than expected. Netlease had an amazing team that was very helpful in the steps, gave me detailed instructions and always took my call to assist us in getting this all done. They did everything they could to help with the Netsuite side, since we did not have an experienced Netsuite admin on our team. Review collected by and hosted on G2.com.