LeaseAccelerator

Score7 out of 10

4 Reviews and Ratings

What is LeaseAccelerator?

LeaseAccelerator provides enterprise lease lifecycle automation software that ensures long-term compliance, improves operational efficiency, and frees up cash flow. The vendor states their Software-as-a-Service (SaaS) platform currently manages and automates 800,000 real estate and equipment leases valued at $200 billion across 5 million assets in 172 countries that generated 8 billion journal entries.

Categories & Use Cases

Most Frequent Users

Top 3 industries using LeaseAccelerator.

Based on HG Insights installation data

View all Reviews

#1 most frequent

Manufacturing

38.8%

47 installations of 121

#2 most frequent

Finance and Insurance

8.3%

10 installations of 121

#3 most frequent

Professional, Scientific, and Technical Services

7.4%

9 installations of 121

Verified User

Consultant (11-50 employees employees)

Use Cases and Deployment Scope

LeaseAccelerator is responsible for performing the lease accounting activities that are to be interfaced with [...] Environments specially Oracle. The tool is being supported by the LeaseAccelerator organization itself. [...] has a couple of boundary apps wherein they will be storing the leases with respect to Real estate and fleet. These boundary apps will be sending data to LeaseAccelerator. Lease accounting will be responsible for going ahead and accounting these leases and then generate invoices which will then be sent to Oracle for payments. We also have journals that will flow from the LeaseAccelerator to Oracle. [...] will perform the payment in Oracle for any accounting that is made for real estate and fleet Invoices.

Pros

Search and validation of lease information in LeaseAccelerator.
User Maintenance
Access Management
Lessor invoice processing error in LeaseAccelerator

Cons

CA recon files
NA
NA

Return on Investment

Lease data import error handling is done very well by using LeaseAccelerator
GL Ledger segment validation : Integration issues between Oracle ERP and LeaseAccelerator w.r.t. GL posting is done very well using LeaseAccelerator
Fx Rate related Issues between Oanda and LeaseAccelerator is solved using LeaseAccelerator