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ease
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design
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Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

Centralized management of leases and transactions, along with critical date oversight and notifications, facilitates hassle-free rent payments, comprehensive reporting, and location analysis. Lease information can seamlessly integrate with other applications, enabling a holistic view of your portfolio. It allows for detailed breakdowns of charges and expenses while effectively monitoring operational costs. Moreover, it simplifies the tracking of lease expirations, renewals, modifications in rent payments, and insurance documentation. Accruent Lx Contracts offers a clear insight into your entire lease portfolio, making it easy to compute lease and expense responsibilities, spot underperforming assets, and maintain team productivity. In addition, Lx Contracts ensures superior data protection compared to Excel and other standalone solutions, featuring robust security measures such as penetration testing, encryption, authentication, and dynamic application security assessments. This enhanced security framework not only safeguards sensitive information but also instills confidence in users regarding the safety of their data.

Description

Lease102 is a specialized lease accounting software tailored to ensure adherence to FRS 102 Section 20, streamlining the accounting workflow through AI-driven data extraction, calculations, journal entries, and disclosure reports. Designed specifically for businesses in the UK and Ireland, this platform employs FRS 102 logic directly, rather than modifying it to fit IFRS 16 standards. By harnessing advanced AI technology, it efficiently extracts crucial information from lease agreements, minimizing the potential for human error associated with manual data entry. The calculation engine incorporates the Bank of England SONIA and ECB €STR rates to calculate suitable discount rates accurately. Additionally, it maintains an extensive seven-year audit trail that records all lease alterations and computations, enhancing transparency and accountability. Among its other valuable features are tools for team collaboration, management of lease modifications, alerts for expiration, support for multiple currencies, and options for integration with ERP systems. Furthermore, Lease102 prioritizes security by implementing AES-256 encryption, utilizing TLS 1.3 protocols, and ensuring data storage within UK/EU regions, thus upholding GDPR compliance and safeguarding sensitive information. This holistic approach not only simplifies the lease accounting process but also reinforces the trust businesses place in their financial reporting.

API Access

Has API

API Access

Has API

Screenshots View All

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Integrations

Accruent Lucernex
MapsPeople
Microsoft Dynamics 365
Sage 200
Sage 50
Xero

Integrations

Accruent Lucernex
MapsPeople
Microsoft Dynamics 365
Sage 200
Sage 50
Xero

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

from £20 per month
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Accruent

Founded

1995

Country

United States

Website

www.accruent.com/products/lucernex/lx-contracts

Vendor Details

Company Name

Lease102

Founded

2025

Website

lease102.co.uk

Product Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Product Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

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