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Lx Contracts: Lease Accounting Software for Full Compliance

Maintain compliance with financial reporting standards. Accruent Lucernex lease software helps your organisation manage complex real estate and equipment lease scenarios.

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What makes Lx Contracts stand out?

Ensure team efficiency through workflows, processes, and approvals with Accruent’s contract lease system.

Audit logs

Access audit logs to help ensure all processes are followed correctly.

Audit-ready monthly close

Simplify processes with automated reporting and cause of change reports.

Centralised data

Gain a broader understanding of your real estate capabilities.

Alerts and notifications

Mark important dates or easily see when documents are ready for review.

Configurable reporting

Effectively improve cost analysis, set KPIs and boost operations.

Communication tools

Proactively resolve errors before they become significant concerns.

Role-based access controls

Set permissions and approvals based on employee role or other criteria.

Comprehensive support

Get free superclass training, proven training and a strong user network.

Frequently Asked Questions (FAQs)

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.

Finally, is the software designed to support business expansion? Accruent’s Lucernex lease software helps businesses scale faster by reducing errors and improving the efficiency of processes.

 

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