173 Occupier Reviews
Overall Review Sentiment for Occupier
Log in to view review sentiment.
Occupier in principle allows multiple departments internally to share lease and asset data in one central location Review collected by and hosted on G2.com.
I frequently have to contact Occupier to fix problems and at least in one case they have admitted that there is no current fix and I will continue to have to reach out to their team to manually delete duplicated entries. Multiple problems include a payables system that forgets what vendors are used month to month making it nearly useless. Depending on the timing of updates made within the system I will have trouble updating a file because it is stuck in an approval but the system doesn't tell me that it's stuck in an approval, so I have to make sure that I initiate a change, get it approved before I do additional changes or the system will take issue. The only way to bring up some of these issues is by emailing a point of contact and that point of contact might have to send me to someone else but it's unclear who handles what specialty. It would be nice if I could raise the issue inside of Occupier and flag what screen is causing issues and the system would send the issue to the specialist needed. The Trial Balance cannot be edited, I can add input, I cannot change items that have been reclassified or disposed of over time. As a result, if I am trying to reconcile to an Occupier report I have to note any exceptions made. The account mapping is difficult to find and convoluted, I find it challenging to understand why Occupier has done something, so I find myself having to ask. Also, when I ask for items sometimes, I'm denied because the team has decided it is too much work, I don't have any way of knowing or understanding when I will cause too much work, so I am frequently asking and trying to understand. Changes will happen in the system, and it will not be clear why, some users can apparently change something without an approval process while others like me have to send requests. At times when sending these requests, the software mistakes who the user is, there is a user that has not worked at this company for over a year, and I can initiate a change and the system will say the prior employee initiated it. This can leave a gap in security because I can then approve my own request which is a problem and poor record keeping. I can't say that I have a lot of experience with ASC 842 services or software but in my previous company we utilized a specialist, and I think by comparison that method worked more effectively than what Occupier is attempting to do. I utilize Occupier on daily basis and I have found that it is difficult to use aside from specific tasks, I generally have to mentally prepare for a long day of using it in order to feel like I accomplished something by the end of the day. Review collected by and hosted on G2.com.
Occupier is very user friendly, and makes it very easy to keep track of leases. The customer support team is phenomenal and very responsive with any questions you have. They have a 6-8 week implementation schedule and were very helpful in giving weekly updates as to how many leases were abstracted. Review collected by and hosted on G2.com.
It would be really cool to see Occupier as an app, right now it's just a webpage. I know it would be very beneficial for us, espeically if we are on site, to be able to pull up the lease information directly frmo the software. Review collected by and hosted on G2.com.
I'm overall impressed by how user friendly it is. The interface is simple, clean, and intuitive. It may feel overwhelming at first for new users, but after investing more time into this software, it did not take too long to understand the software. Occupier's automation features definitely helps to streamline our accounting processes. Generation of reports including detailed calculations and journal entries are a great help as well. Review collected by and hosted on G2.com.
Some functions can be a little inconvenient at times, especially when trying to customize certain reports. It has been more of a burden to manage the data for our subsidiaries, since our company has different entities. For us to pull consolidated reports, we needed to create duplicate leases for both consolidated and individual reporting purposes. Review collected by and hosted on G2.com.
Occupier is a user friendly software that allows you to store documents, print useful reports and measure leases in accordance with ASC 842 lease accounting. There are settings for internal controls and customizable fields so you can make sure the reporting is a good fit for your accounting needs. Review collected by and hosted on G2.com.
There are a few features (like uploading leases) that the user doesn't have privilege too. You need to email Occupier for help. They are very quick to respond though! Reports are also generated via an export that is emailed to you. Sometimes takes a bit. Review collected by and hosted on G2.com.
Two main features I appreciate about Occupier:
1. The website structure is very intuitive and clear. I have never had a hard time figuring out how to go from one section to another. The text and visuals are straightforward and easy to understand. For example, downloading the monthly reports needed to record journal entries is clearly available within the Lease Accounting module.
2. Amortization Schedules and Disclosure Report exports include formulas, making them more auditable and help provide understanding for analysis. Review collected by and hosted on G2.com.
1. Difficult to track monthly rent pre-payments without adjusting the payment schedule. This is particularly difficult for leases with escalating payments.
2. Not a perfect software for complex leases.
3. Sometimes the amortization schedules do not balance, particularly when a lease starts mid-month. Review collected by and hosted on G2.com.
I like the customer support who are very diligent in answering questions and following up. I think that working with them has made our lease accounting much easier on us as a team. Review collected by and hosted on G2.com.
The new payables feature takes an extremely long amount of time to edit/update. I really wanted to like it and utilize it but I'm afraid that it's just not as efficient as I had hoped. Review collected by and hosted on G2.com.
Occupier is very user friendly and easy to learn. The software delivers the essential needs for any company that has multiple leases and needs to be ASC 842 compliant. Adding, amending, and terminating leases couldn't be easier. We've been using the software for just under a year now and we've seen everything from adding new leases, amending existing leases, and terminating leases. Everything has been easy to do and the Occupier generated reporting is fantastic. The tool offers solutions for everyone in the business, from accounting to finance to real estate teams. Both qualitative and quantitative details and reporting are possible with Occupier. The tool is easy to set up and you will be off and running quite quickly. Review collected by and hosted on G2.com.
Leases can be very nuanced so there is still opportunities for Occupier to become more robust to meet more nuanced situations (it is also possible that I don't know how to fully leverage the tools). For instance, I have not figured out how to set up partial free rent in a period when I am creating a new lease. It is easy enough to create a work around that gets me to the same place, but exact reporting for expense categories may be off due to the work around. What I do know, however, is that the Occupier team is always ready, willing, and able to help when I ask. Review collected by and hosted on G2.com.
The accounting process for leases has been made much easier for our team. We no longer need giant Excel files to account for multi-year leases and changes to said leases. The product ensures that we've captured all relevant information at the correct time and allows for easy pulls of the data to support our monthly close & forecasting processes. Review collected by and hosted on G2.com.
It would be great to see an easier / quicker way to pull a forecasted balance sheet (or maybe I haven't figured this out yet) Review collected by and hosted on G2.com.
Ease of use, the platform is very user friendly. The customer support has been great as well. Anytime I have a question, I receive an answer right away. Review collected by and hosted on G2.com.
Some processed are manual. For example, there is not an option for "bulk approval". Review collected by and hosted on G2.com.
