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Spacebase Reviews & Product Details

Verified User in Commercial Real Estate
UC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spacebase?

the fact that we can centralize all of our leases. different parties can access the data. also, adding the expense schedules helps us pay the correct amount in rent monthly Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

currently there aren't too many downsides. having the leases and then accounting leases in two different sections was confusing at first, but after going through the accounting leases (for ASC 842), it became more intuitive Review collected by and hosted on G2.com.

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

it solved the issue of overpaying/underpaying rent on a monthly basis. we would forget when there's an abatement or when there was an increase in rent expense. this tool has helped tremendously there Review collected by and hosted on G2.com.

Spacebase Overview

What is Spacebase?

Spacebase lease accounting software is a specialized cloud-based solution designed to assist organizations in adhering to the latest lease accounting standards, including ASC 842, IFRS 16, and GASB 87. This software provides a comprehensive framework for managing lease agreements and ensuring compliance with regulatory requirements, making it an essential tool for finance and accounting professionals. Targeted primarily at businesses that need to navigate complex lease accounting regulations, Spacebase is particularly beneficial for companies with multiple leases across various jurisdictions. It caters to a wide range of industries, including real estate, retail, and manufacturing, where effective lease management is crucial for accurate financial reporting. By streamlining the lease accounting process, Spacebase allows users to concentrate on strategic financial decisions rather than being overwhelmed by compliance details. One of the standout features of Spacebase is its user-friendly interface, which simplifies the implementation process. Organizations can initiate a no-cost implementation project, enabling them to start using the software without incurring additional expenses. The software also allows for the integration of custom journal entries with existing ERP systems, ensuring a seamless data flow and minimizing the risk of errors. Furthermore, users can import custom foreign exchange rates, which is particularly useful for managing international lease agreements and enhancing the accuracy of financial reporting. Spacebase offers a robust suite of accounting reports that are vital for effective lease management. Users can effortlessly generate journal entries, balance sheet reports, roll forward reports, general ledger reconciliation reports, and disclosure reports. This comprehensive reporting capability not only aids in compliance but also enhances transparency and supports informed decision-making. The ability to access detailed reports ensures that organizations can maintain oversight of their lease portfolios and meet regulatory obligations efficiently. The combination of user-friendliness, customization options, and extensive reporting capabilities distinguishes Spacebase lease accounting software in its category. By simplifying the complexities of lease accounting compliance, it empowers organizations to manage their lease portfolios effectively while ensuring adherence to the latest accounting standards. This positions Spacebase as a valuable asset for finance and accounting teams striving for accuracy and efficiency in their lease management processes.

Spacebase Details
Product Website
Languages Supported
English
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Product Description

Spacebase is the modern way to manage all of your leases from a single, mobile optimized platform.

How do you position yourself against your competitors?

Customer Relationships & Satisfaction: We prioritize building strong, lasting relationships with our clients, ensuring their satisfaction through personalized support and attentive service.

Security: Data security is at the forefront of our platform, providing peace of mind to businesses managing sensitive lease information.

Compliance: We stay ahead of industry regulations like ASC 842 and IFRS 16, making compliance effortless for our clients.

Transparency: We believe in clear, honest communication, ensuring our clients have full visibility into their lease management processes.

Ease of Use: Our software is designed to be intuitive, making lease management simple and accessible for businesses of all sizes.


Seller Details
Company Website
Year Founded
2015
HQ Location
Santa Barbara, CA
LinkedIn® Page
www.linkedin.com
6 employees on LinkedIn®
Description

Spacebase is a modern lease accounting and lease management solution.


Matt H.
MH
Overview Provided by:

Recent Spacebase Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Spacebase Team"
The Spacebase support team is great; always responsive and receptive to changes/modifcations.
Verified User
U
Verified UserEnterprise (> 1000 emp.)
4.5 out of 5
"Intuitive Lease Administration Tool"
The platform is very helpful, intuitive and easy to navigate and use. Allows for manage and pull all our lease data effortlessly. The customer sup...
Verified User
A
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Great system that makes lease administration simple and reliable"
Great user interface, and tons of options for setting critical dates and other key information
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Spacebase Media

Spacebase Demo - User Dashboard
Customizable user dashboard
Spacebase Demo - How Airbnb utilizes Spacebase to optimize their lease management.
Case study featuring Airbnb's use of Spacebase to save time and improve lease management organization.
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16 out of 17 Total Reviews for Spacebase

4.6 out of 5
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16 out of 17 Total Reviews for Spacebase
4.6 out of 5
16 out of 17 Total Reviews for Spacebase
4.6 out of 5

Spacebase Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Spacebase?

One of the standout features of the lease administration platform is its user-friendly design. The user interface is incredibly intuitive, making it easy for anyone to navigate without feeling overwhelmed.

Unlike other lease administration systems I've used, doesn't feel clunky or cumbersome. Instead, it offers a smooth and efficient experience that allows me to manage leases with ease. Makes it easy for users appreciate how quickly they can find what I need and self-serve without unnecessary complications. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

Still missing some capabilities but customer support is always willing to listen to suggestions and always improving upon the product! Just keeps getting better! Review collected by and hosted on G2.com.

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

With Spacebase, our team can integrate the lease administration platform with the accounting module. This integration provides our team with a streamlined and efficient ASC solution, making our workflow much more cohesive.

Having everything in one place not only saves time but also reduces the potential for errors that can occur when managing multiple systems. It allows us to maintain accurate records effortlessly and enhances our overall productivity. Review collected by and hosted on G2.com.

Response from Brooke Colglazier of Spacebase

Thank you so much for sharing your experience with Spacebase on G2! We’re thrilled that our intuitive, user-friendly design has made managing your leases smoother and more efficient. Hearing that our platform has helped streamline your workflow and made lease management more accessible is exactly what drives us. We are excited to continue to grow and add more features to help teams like yours. Thank you again for your kind words and constructive feedback—it helps us to keep moving in the right direction!

Verified User in Non-Profit Organization Management
UN
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Spacebase?

We've had a great experience with Spacebase since we started using it as a result of the ASC 842 implementation. The software was easy to learn, and the customer support was stellar. They helped us with weekly calls as we learned the software, and they set up custom journal entries for us twice. We started using Workday after starting with Spacebase, and they were very helpful with that integration too. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

I don't have anything to mention here that I dislike. Review collected by and hosted on G2.com.

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

Spacebase helps us comply with ASC 842 for lease accounting, which is the main reason we started using the software, but it's also much better for our lease administration than what we were using before, so that was an additional benefit. Review collected by and hosted on G2.com.

Response from Brooke Colglazier of Spacebase

Thank you for the great feedback! We're so glad Spacebase has helped make your ASC 842 compliance smoother and that our team’s support with custom journal entries and weekly calls was beneficial. It’s also wonderful to hear the Workday integration met your needs. Don’t hesitate to reach out anytime. We’re here to support you and your team!

Verified User in Transportation/Trucking/Railroad
UT
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Spacebase?

The Spacebase support team is great; always responsive and receptive to changes/modifcations. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

I don't know that anything has been brought to my attention regading the system; Spacebase has been very responsive in addresssing concerns. Review collected by and hosted on G2.com.

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

Took a very manual/excel process and transformed into a systematic approach to lease accounting. Review collected by and hosted on G2.com.

Response from Brooke Colglazier of Spacebase

Thank you for your feedback! We're thrilled to hear that our support team has been responsive and helpful. Providing a seamless experience and adapting to our users' needs is a top priority. It’s great to know that Spacebase has helped streamline your lease accounting process, replacing manual workflows with a more efficient, systematic approach. If there's ever anything we can do to further enhance your experience, don’t hesitate to reach out!

Verified User in Hospital & Health Care
AH
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Spacebase?

Great user interface, and tons of options for setting critical dates and other key information Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

Nothing to dislike, they are easy to work with customer service team and with a billing issue they quickly resolved. Review collected by and hosted on G2.com.

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

All leases are abstracted and live in one easy to use system for looking up key lease information quickly. Critical date function is terrific and you can download custom reports which is also great. Review collected by and hosted on G2.com.

Response from Brooke Colglazier of Spacebase

Thank you for your thoughtful review! We take pride in providing an intuitive user interface and versatile tools for managing critical dates and key lease information.

Our dedicated customer success team works hard to ensure a seamless client experience, and it’s great to hear that their efforts have made a positive impact.

We’re glad Spacebase has streamlined your lease management by centralizing data and enabling quick access to key information and custom reports. Your feedback inspires us to continue building tools that simplify lease management.

Thanks for being part of the Spacebase community!

Verified User in Leisure, Travel & Tourism
UL
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Spacebase?

The platform is very helpful, intuitive and easy to navigate and use. Allows for manage and pull all our lease data effortlessly.

The customer support is excellent. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

On occasion, it can have some minor latency issues or run a little slow. Review collected by and hosted on G2.com.

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

Management of all our lease data in one tool, and provides accounting entries and financial reporting disclosures. Review collected by and hosted on G2.com.

Response from Brooke Colglazier of Spacebase

Thank you for your thoughtful review! We're thrilled to hear Spacebase is helping you manage lease data effortlessly and appreciate your kind words about our customer support.

We also value your feedback—our team works daily to improve performance for a smoother experience. Thanks for trusting Spacebase to streamline your lease management and reporting!

Verified User in Financial Services
UF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Spacebase?

The ASC 842 technical accounting function is phenomenal, the support from the spacebase team is unparalleled Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

It can be a large lift to import all of your company's lease data into spacebase, but once its in it will make your life 100x easier Review collected by and hosted on G2.com.

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

Data aggregation, techinical accounting schedules Review collected by and hosted on G2.com.

Response from Maggie McLaughlin of Spacebase

Thank you for your feedback! We're glad you find our ASC 842 functionality and team support exceptional. We know importing lease data, especially for large portfolios, can be a heavy lift, and we're continuously working to make this process as seamless as possible. It’s great to hear Spacebase has made your workflow easier and improved data aggregation and technical accounting processes. Your insights inspire us to keep improving!

CK
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Spacebase?

One of the most user-friendly lease administration systems I ever used. The functions are very straightforward, and amazingly you can pull custom reports. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

When we have several lease entries under the same lease (i,e Reflector, Reflector 1st Floor, Reflector 1st Floor Sublease), and if I search & click the lease entry Reflector, instead of going directly to the lease entry, it will take me to a search result that will show all the lease entries again, and I have to click Reflector again to get to the lease entry. Additionally, for example, when I'm searching for a lease entry by city, it will sometimes show an expired lease entry as the first search result, whereas it would be nice if the search entries were sorted by active leases. Review collected by and hosted on G2.com.

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

As all the information and data from leases and documents are abstracted by Spacebase, it's very reassuring for us to rely on this data for important critical dates, clauses, total costs, etc. Review collected by and hosted on G2.com.

Chris T.
CT
Senior Accountant
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Spacebase?

1. The 'no touch' journal entry posting each month is really efficient.

2. The standard accounting reports within Spacebase are also very useful.

3. The system has a strong controls environment which provides great comfort. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

1. Sometimes we need to reach out to Spacebase internal teams to help with issues, as it can be difficult to self service our own solutions.

2. From an accounting perspective, I would like to see some sort of solution where the amortization schedules are combined into one schedule, rather than multiple schedules when there are lease modifications (from previous experience using other programmes I found that CoStar did this quite well). Review collected by and hosted on G2.com.

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

1. We rely on Spacebase to help post our lease accounting journal entries in order to be compliant with ASC 842 lease accounting standards.

2. We also use Spacebase to help preper our annual financial reporting requirements and disclosures required as part of the 10K filing. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spacebase?

Spacebase is really helpful for keeping track of lease milestones. We never have to worry about missing rent increases and we can be more on top of renewals and options Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

When our company was looking into options for helping manage our lease accounting for the new 842 standards, the price point was not comparable to the price we were paying for our current subscription. Review collected by and hosted on G2.com.

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

Spacebase helps us keep track of our 44 leases and it is very easy to add leases as we grow as a company. Being able to move from tracking leases in excel to a lease software was very helpful. Review collected by and hosted on G2.com.

JP C.
JC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Spacebase?

How it summarize all the key details of our leases in our international offices. Easy to download files. Also love how there is summary detail for each file. Save plenty of time. Review collected by and hosted on G2.com.

What do you dislike about Spacebase?

Nothing! I am really enjoying the user experience with space base so far. It's so easy to use and natigate around! Review collected by and hosted on G2.com.

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

A repository for all of our lease agreements. Summary of all key lease data. Keeps us on top of

all of our leases so we know when our leases are about to renew well in advance so we can carry out internal reviews. Review collected by and hosted on G2.com.