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Lx Contracts: Lease Accounting Software for Full Compliance
Maintain compliance with financial reporting standards. Accruent Lucernex lease software helps organisations manage complex real estate and equipment lease scenarios.
Get FASB/IASB Compliant with Lx Contracts Lease Accounting Software
Ensure compliance is achieved and maintained for current and upcoming lease accounting standards.
Maintain compliance
Never risk a failed implementation or falling out of compliance. Lucernex has a 100% success rate getting clients into compliance with standards like FASB ASC 842, IASB IFRS 16 and GASB 87.
Effectively manage leases
Accruent Lx Contracts provides transparency into your entire lease portfolio. Quickly calculate lease and expense obligations, identify underperforming assets, and ensure team efficiency.
Get stronger data security
Lx Contracts provides more robust data security than Excel or other stand-alone tools, including penetration testing, encryption, authentication and dynamic application security testing.
Reduce user error
With generic spreadsheet tools, it’s easy to make mistakes, miscommunicate or miss renewal dates. Lx Contracts lease accounting software reduces user error, thereby lowering costs.
Improve collaboration
With Accruent Lucernex lease accounting software, all relevant personnel have access to important information, including your portfolio of leases, related documents, contracts and more.
“ Lucernex Lease Accounting Administration functions has streamlined us by allowing us to have all of the lease data in one place. We can tell when the lease is expiring, when we have renewals, what the next increases are”
— Kendall Dukes
Senior Manager, Real Estate Processes and Lease Administration
What makes Lx Contracts stand out?
Ensure team efficiency through workflows, processes and approvals.
Audit logs
Lucernex provides audit logs that assist organisations leveraging the solution to achieve SOX compliance. It is also SOC 1 and SOC 2 compliant.
Audit-ready monthly close
Features like automated reporting, cause of change reports, and comprehensive data integrations simplify the monthly close process.
Reporting capabilities
Lx Contracts’ comprehensive and configurable reporting and analytics can help you effectively improve cost analysis, set KPIs and boost operations.
Centralised data
Lx Contracts ensures your company’s data is accurate so you can easily calculate obligations while gaining a broader understanding of your real estate capabilities.
Alerts and notifications
Create alerts to remember important dates – such as when it’s time to renew a lease – or let employees know if a document is ready for review.
Configurable Integrations
Accruent continuously enhances Lx Suite based on feedback and market trends. This means Lx Contracts will offer the functionality you need down the line.
Lease management communication tools
Our contract lease system contains tools that can help you streamline processes and proactively resolve errors before they become significant concerns.
Role-based access controls
With Lx Contracts lease accounting software, you can set permissions and approvals based on employee role or other criteria.
Look under the hood
Learn more about our software, get your questions answered, and find out how it can complement your current technology and processes.
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Integrate seamlessly with your systems
Accruent software allows you to fully optimise the lifecycle for your facilities and assets, offering connected workflows, integrated experiences and data-backed insights
Lx Projects
Manage your construction projects without a hitch using our robust real estate property management software. Whether it's launching new retail spaces or overseeing capital improvements, Lx Projects offers data-driven insights to keep everything on track and within budget.
Lx Transaction Management
Seamlessly connect contracts, site planning, projects, and transactions with our integrated solution. Lx Transaction Management is a key component of your IWMS, streamlining the real estate transaction lifecycle and empowering you to manage with confidence.
Lx Projects
Manage your construction projects without a hitch using our robust real estate property management software. Whether it's launching new retail spaces or overseeing capital improvements, Lx Projects offers data-driven insights to keep everything on track and within budget.
Lx Transaction Management
Seamlessly connect contracts, site planning, projects, and transactions with our integrated solution. Lx Transaction Management is a key component of your IWMS, streamlining the real estate transaction lifecycle and empowering you to manage with confidence.
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Frequently Asked Questions
Why do I need lease accounting software?
Lease accounting software helps streamline the entire real estate and equipment lease process. It ensures you stay compliant with complex regulations like ASC 842, IFRS 16, and GASB 87.
Accruent’s Lx Contracts simplifies lease portfolio management and improves forecasting accuracy. It also integrates with essential systems, offering analytics and tools for more effective lease administration and strategic planning.
What lease accounting standards are supported by this software?
Compliance standards are maintained with IFRS 16, ASC 842, and GASB 87. These three standards have been effective since 2019, with the common goal of improving transparency and providing better accuracy of a company’s financial position and performance level.
Accruent’s lease accounting software helps organisations implement these standards and maintain adherence.
How much does lease accounting software cost?
The cost of lease accounting software can vary widely, often based on factors such as the scale of your lease portfolio, the complexity of your needs, and the specific features you require. Many providers offer tiered pricing models to accommodate businesses of varied sizes and budgets.
Contact Accruent to find an option that works best for you.
What should I look for in leasing software?
Leasing software should streamline your existing business objectives. This is why it is important to assess your requirements and determine whether the software can meet those needs.
Does your leasing software integrate with existing systems? Integration capabilities can play a pivotal role in determining a platform’s viability for your organisation.
Don’t see your question? Let us help you
Products Designed to Integrate Your World
Accruent software allows you to fully optimise the lifecycle of your assets and facilities, offering connected workflows, integrated experiences and data-backed insights.
