Maintain compliance with financial reporting standards. Intelligent lease accounting software Lx Contracts helps organizations manage complex real estate and equipment lease scenarios.
Lx Contracts: Lease Accounting Software for Full Compliance
Get FASB/IASB Compliant with Lx Contracts Lease Accounting Software
Ensure compliance is achieved and maintained for current and upcoming lease accounting standards.
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
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.
With Lucernex lease accounting software, all relevant personnel have access to important information, including your portfolio of leases, related documents, contracts and more.
Effectively Manage Real Estate and Equipment Leases
Automate your lease administration and accounting for real estate and equipment, creating a single source of truth.
Better forecasting capabilities
With Lucernex’s robust reporting and analytics, your organization can gain deep visibility into the insights that you’ll need to effectively forecast, budget and allocate funds. This can avoid the need for multiple systems or manual reporting.
Lucernex integrates with a variety of systems to help you maintain compliance and generate comprehensive insights. These include ERPs like Oracle and SAP, accounting systems, CRMs, BI tools, financial management systems, human capital management systems and CMMS or FM solutions.
Automatic compliance with lease accounting standards
Lucernex is verified as a compliant solution by a leading independent third-party accounting firm, meaning that you’ll always be compliant with ASC 842, IFRS 16 and GASB 87 standards (and any upcoming standards). This guaranteed compliance means you will never have to worry about audit risk or compliance concerns.
What makes Lx Contracts stand out?
Ensure team efficiency through workflows, processes and approvals.
Lucernex provides audit logs that assist organizations 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.
Accruent continuously enhances Lx Suite based on feedback and market trends. This means Lx Contracts will offer the functionality you need down the line.
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.
Lease management communication tools
Lx Contracts 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.
Comprehensive ongoing support
The Accruent global support team offers free superclass training, a proven certification training curriculum and a strong user network.
Lx Contracts’ comprehensive and configurable reporting and analytics can help you effectively improve cost analysis, set KPIs and boost operations.