Visual Lease
By Visual Lease
Customization and Flexibility: Visual Lease offers customizable reports and fields, providing flexibility to meet individual organizational requirements. This adaptability is crucial for businesses looking to tailor the software to their specific needs.
Integration Capabilities: The software's ability to integrate with over 50 General Ledger (GL)/Enterprise Resource Planning (ERP) platforms is highlighted as a significant advantage. This feature allows for seamless management of lease accounting alongside other financial processes.
Excellent Customer Service: Visual Lease is recognized for its excellent customer service, with prompt and efficient support. The company offers in-house training, implementation, and support, ensuring users have the help they need to navigate the software.
User-Friendly Interface: The platform is praised for its ease of use, with a user-friendly interface that consolidates lease portfolio information into a single source of truth. This feature enhances decision-making and analysis for financial departments.
Comprehensive Lease Management and Accounting: Users appreciate Visual Lease for its robust lease accounting functionality and depth of lease administration capabilities. It simplifies compliance with critical standards like ASC 842, IFRS 16, and GASB 87, making it a valuable tool for organizations managing a diverse lease portfolio.
Limited Language and Customization Options: The software is available only in English and does not offer software customizations, which could limit its usability for non-English speaking users and those looking for highly tailored solutions.
Journal Entry Codes: There are concerns about the journal entries looking confusing and generating default codes (XXX) that were not adequately addressed by customer support. This issue points to a need for clearer explanations and better support for financial reporting functionalities.
Report Generation and Document Management: Some users have reported difficulties with the report feature and document management. These challenges include generating abstract reports and managing lease files, indicating a need for enhancements in these areas.
