Visual Lease Pricing Overview

The program itself is designed for both lease administration and lease accounting, where many other systems we reviewed were exceptional for one but weak for the other. The system is turnkey, user-friendly platform with tons of features. The VL team made implementation easy, even when setting up the platform to house multi-company records .

We are storing leases for five companies in one instance of the software each with individual charts of accounts. Lease records are designated by company and by location. Users for each division are setup to only see their company which filters out unnecessary records for them, while administrators and corporate management have the ability to see records for all companies.

Overall the lease administration and accounting is very simple to enter and maintain. The system can store many financial records for the lease outside of the information required to calculate the lease values and journal entries. For example, you can enter cost for CAM, maintenance, taxes, etc. You can also upload and download information which streamlines many processes.

Other features we find very useful are the ability to customize fields, call outs for clauses within the lease with page references, alerts for critical dates, and geographical maps.

On top of the funcationality and features, VL's customer support has been amazing. The wealth of knowledge they have coupled with their willingness to resolve issues makes them an added asset to our team. Review collected by and hosted on G2.com.

I haven't found any true downsides to the program. One dislike that we have is that the setup of the sections and fields are more directed toward real-estate property than equipment. I would like to see VL have dedicated fields for equipment like they have for real-estate. Being able to customized fields has given us a work around, however in order for some of the data points to be searchable, there are certain fields that fall under sections that seem odd and disconnected. Because of this, some users will forget to fill in pieces of information.

Another suggestion I would have for improvement would be to make reports and documents viewable before downloading them. Review collected by and hosted on G2.com.

Visual Lease is easy to use and implement. It is also set up for integration with third party tools. Review collected by and hosted on G2.com.

Visual Lease pricing is per lease, so if you have a large lease portfolio or want to maintain a history of leases, it may not be best for you as it can be costly to maintain those records. Additionally, it lags in key features like edit ability for change in commencement date (you have to delete the record and start over), as well as reporting for annual lease disclosures. It's disclosures span across multiple tabs which can be very difficult to review and tie out. Review collected by and hosted on G2.com.