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LEASE ADMINISTRATION & ACCOUNTING SOFTWARE | LX CONTRACTS

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 * Lease Administration & Accounting Software | Lx Contracts

Accruent's intelligent lease administration software solution helps
organizations manage complex real estate and equipment lease scenarios, mitigate
risk, and achieve FASB and IASB compliance. Plus, it seamlessly integrates into
your Enterprise Resource Planning Tools (ERP). 


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EFFECTIVELY MANAGE REAL ESTATE AND EQUIPMENT LEASES

In today’s competitive world, companies that thrive take advantage of technology
and find efficiencies to get to market faster and focus on the customer
experience. All too often, lease administration and accounting can feel like a
revolving door of paperwork, inefficiency and evolving standards. These issues
are quickly resolved by using an effective management software designed
specifically for real estate and equipment leases.

Lucernex is a cloud-based, lease accounting software platform designed to
streamline real estate and equipment leases. With Lucernex, you can automate
your lease administration and accounting for real estate and equipment, creating
a data repository and a single source of truth. This provides transparency into
your entire lease portfolio, allowing you to quickly calculate your lease and
expense obligations, identify underperforming assets, take advantage of lease
terms and conditions and ensure team efficiency through workflows, processes and
approvals. Plus, Lucernex will help you meet the new financial reporting
requirements under ASC 842 & IFRS 16 and stay compliant in the future.





FASB, IASB & GASB

Due to the new accounting standards, organizations must include both lessee and
lessor lease obligations of all real estate and equipment assets with lease
terms of more than 12 months on their balance sheets.

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LEASE ACCOUNTING COMPLIANCE RELATED INFO


 * ASC 842


 * IFRS 16


 * GASB 87


 * FASB


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GENESCO

#CASESTUDIES

Genesco implemented the Lucernex product suite to create a single information
source, accessible across departments. The Company uses Lease Administration &
Accounting capabilities to manage rent obligations and ensure FASB compliance
for more than 3,500 real estate and equipment leases.


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#RESOURCES

Why Do I Need Transaction Management?

How are you currently evaluating various scenarios to best align corporate and
portfolio strategy? Transaction Center is an integral component of the real
estate lifecycle solution, assisting corpo...

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How the Pandemic Put Customer Loyalty Up for Grabs

With every major economic event of the past 15 years, the debate over whether
retail is dead resurfaces. The pandemic has been no exception. While various
subsegments of the retail industry have be...

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A Comprehensive Guide to Lease Administration and Accounting Software

For organizations across the world, lease administration and accounting can be
an overwhelming prospect. As companies continue to grow and expand, so does
their ability to handle…

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