Visual Lease Pricing, Features, Reviews & Comparison of Alternatives

Visual Lease

The standard for lease accounting software

4.75/5 (28 reviews)

Visual Lease overview

What is Visual Lease?

Visual Lease is a software company that makes lease management simple – providing a robust SaaS platform that takes the complexity out of managing the financial and legal aspects of a company’s lease portfolio, from real estate to equipment and other assets.
Visual Lease was started in 1995, and from its inception, the company has been solving lease management problems and evolving the platform’s technology to meet changing customer needs. The passion, adaptability and competency of the Visual Lease team has resulted in a platform that’s always current and continues to deliver the industry’s most comprehensive lease management tool. Today, Visual Lease combines lease administration and lease accounting with consultative insights and technical expertise, bringing depth of functionality and simplicity together in one intuitive platform. It streamlines the process of gathering, interpreting and reporting on lease data, to make lease management more efficient, consistent and precise. The Visual Lease platform adapts to customer needs and integrates with existing ERP and financial systems, as well as with hundreds of third-party applications, for added flexibility and ease of use. Rapid implementation, professional services and training support from the Visual Lease team ensure that the cloud-based solution is up and running quickly, for a rapid ROI.
Moving forward, the platform will continue to evolve, driven by the community of Visual Lease customers and partners, their feedback and their needs. The result is a company that is laser-focused on delivering a user-friendly experience, providing responsive customer service and making the customers’ job easier.
www.visuallease.com

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, China and 5 other markets, India, Japan, Germany, Brazil, Mexico

Supported languages

English
Visual Lease screenshot: Visual Lease gives users an overview of their portfolio's performance in graph formVisual Lease screenshot: Users can view a map of property locations in Visual Lease with color-coded icons for lease type and statusVisual Lease screenshot: Map icons link directly to lease records in Visual LeaseVisual Lease screenshot: Visual Lease's project management tools include a 'Milestones & Tasks' viewVisual Lease screenshot: Users can configure their own clause fields in Visual Lease to suit different contractsVisual Lease screenshot: Visual Lease includes a searchable contact databaseVisual Lease screenshot: Various document formats can be uploaded into Visual Lease, including PDF, Excel, Word, HTML, PNG, JPEG, and moreVisual Lease screenshot: Visual Lease allows users to set up multiple alerts and reminders for important dates or tasksVisual Lease screenshot: Visual Lease can also be used to calculate percentage rent

Visual Lease user reviews

Excellent
22

Very good
6

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.6
  4.7
  4.7
  4.8
William M.

Great integration of Lease Admin and Accounting

Used daily for less than 6 months
Reviewed 2020-07-30
Review Source: Capterra

We have only just begun our journey, but I am very impressed with the customer service and knowledge of our implementation manager and our account manager. It gives me great confidence that we will get the support we need going forward.

Pros
Visual Lease is exactly what we were looking for. We had an existing lease administration system, but were still doing the accounting manually. The lease administration functions are much easier to use and there is a seamless flow into the lease accounting functions. Our implementation manager was amazing. She was able to walk us through the setup process and answered all of our questions. I am confident that I can find the right data quickly in Visual Lease where I just stopped going into the old database because it was much too cumbersome to extract the data in the format I needed it. I also have the confidence that our accounting team is getting the correct data now that we are no longer manually sending reports.

Cons
They have some side features like project management that are limited in nature. Although not a primary purpose of the software, some additional improvements in these areas would make it that much better of a product. Also, the mapping had some inaccuracies that we were able to manually overcome, but should continue to be improved.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Danilo F.

How Visual Lease simplify the way to run reports

Used daily for 2+ years
Reviewed 2020-08-30
Review Source: Capterra

Preparing reports become much easier than before. Nowadays it is not required to communicate with all different departments, which very often they are not based in the same country.

Pros
For the Real Estate prospective the most useful feature is the report field. It is very useful and easy to use because you can review and check all the info (General and Financial) for all the units.

Cons
Overall the system works very well and one of the best feature that Visual Lease offers is the financial reporting. At the moment Visual Lease gives you the possibility to run financial reports with simple steps and various options such as customize by month and year. The additional feature that can be add value on these reports could be if the system automatically gives the amount based on the Lease year for all units despite the fact that they have different Lease periods.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Karen L.

first lease admin & accounting software for the company

Used weekly for less than 6 months
Reviewed 2020-05-22
Review Source: Capterra

positive experience with sales during request for proposal, very knowledgeable and patient implementation team led by [SENSITIVE CONTENT HIDDEN] allowing us to complete implementation on time, some hiccups with trying to have more customised info built into the accounting feed without having to incur additional costs but otherwise have appreciated being put in touch with technical expert [SENSITIVE CONTENT HIDDEN] to understand how the system does or does not accommodate for IFRS 16 specifics

Pros
ability to apply more than one accounting standard to a lease, ease of running reports and creating ad-hoc rpeorts, clear and easy to follow journal entries and lease amortisation schedules, clean user interface

Cons
very US-centric whereas we are UK company applying IFRS and would like more of the US terminology turned off and more of the IFRS 16 accounting rules evident and labelled as such in the application so that users can make direct correlation to what is in the IFRS rules

Response from Visual Lease


Hi Karen! Thanks so much for sharing your feedback. We would like to learn more about the specifics of how we can improve our lease accounting nomenclature and usability for clients focused on IFRS 16. I will reach out directly to see if you'd be willing to connect with our Product Team. Thanks again for taking the time to share your input. It is much appreciated.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Ben U.

User Experience

Used daily for less than 6 months
Reviewed 2021-02-05
Review Source: Capterra

From the beginning to the end VL has been most accomidating and eager to help. Customer service is hard to come by these days. It's refreshing to have companies work with you on business objectives.

Pros
The software is intuitive. Each screeen is logical and easy to navigate. Everyday I find something new feature I can use in the adminstrative section along with projects.

Cons
When it comes to putting dates there is sometimes a different way to put them in. Depending on the country your are working with dates can be misleading . the first set of number are either the day or the moth. Dates should be 09-MAR-2019 = 99-MMM-9999. Sometimed the drop down date is not as intuitive as you would think. this is a small thing but I have made a mistake or two because of not paying attention.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 10/10

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Charlotte H.

Use & need of Visual Lease

Used monthly for 1-2 years
Reviewed 2021-02-23
Review Source: Capterra

So far there is a lot to learn, but in the end it will do what we are looking for.

Pros
Keeping track of our leases expiration dates and 842 payments

Cons
Setting up all the leases in Visual Lease

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Visual Lease pricing

Pricing options
Subscription
View Pricing Plans

Please contact us for customized pricing based on the number of leases in your portfolio.

Visual Lease features

API
Alerts/Notifications
Billing & Invoicing
Customizable Reports
Document Management
Reporting/Analytics
Third Party Integrations

Access Controls/Permissions (157 other apps)
Activity Dashboard (249 other apps)
Customer Database (153 other apps)
Data Import/Export (202 other apps)
Electronic Payments (144 other apps)
Inventory Management (260 other apps)
Invoice Management (167 other apps)
Mobile Access (152 other apps)
Quotes/Estimates (168 other apps)
Reporting & Statistics (285 other apps)
Scheduling (183 other apps)
Search/Filter (194 other apps)
Work Order Management (142 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for Visual Lease

Key features of Visual Lease

  • Configurable clause and data fields
  • Accounts payable
  • Financial reporting
  • Percentage rent
  • Common area maintenance/operating expenses (CAM/OPEX)
  • Electronic approval records
  • Portfolio performance summaries
  • Location mapping
  • Online approvals and rejections
  • Ad hoc reporting
  • Automatic and user-defined notifications & reminders
  • Budget management
  • Configurable workflow templates
  • Searchable contact database
  • Customizable reporting
  • Document management
  • Expense and cost allocations
  • Gantt charts
  • Multiple general ledgers
  • Invoice processing
  • Multi-currency
  • Payment histories
  • Automated currency conversions
  • Accounts receivable
  • Sarbanes-Oxley compliance
  • Multiple file format support
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Benefits

Data fields and clauses can be configured to suit individual lease requirements, with the ability to link clauses to their respective documents.

User-defined and automatic reminders, alerts, and notifications can be layered to prevent missing notice periods, tenant improvement (TI) reimbursements, rent steps, CPI escalations, and more.

All types of files can be uploaded, stored, and attached, including Word and Excel files, PDFs, JPEGs, GIS maps, CAD, HTML files, and more.

Tenants, landlords, brokers, attorneys, notice parties, contractors, property managers, and utility providers can all be tracked through the searchable contract database, and transactions related to a contact can be found through reverse lookup.

Create standard or custom reports on an ad hoc basis, and save filters as templates for future reports.

All lease locations can be visualized on a map using color-coded icons which link to individual lease records.

Customizable measurement units, automated currency conversions, custom clauses to fit international compliance requirements, and currency normalization for reporting allow portfolio management across multiple countries.