Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Lucernex is a lease administration and accounting software developed by Accruent, specifically engineered to assist organizations in navigating intricate real estate and equipment leasing situations while reducing risks and ensuring compliance with FASB and IASB standards. Furthermore, it offers seamless integration with your existing Enterprise Resource Planning (ERP) tools. As a cloud-based platform, Lucernex enhances the efficiency of managing real estate and equipment leases by automating lease administration and accounting processes, thereby establishing a centralized data repository that serves as a single source of truth. This functionality not only fosters transparency across your entire lease portfolio but also enables rapid calculations of lease and expense obligations, highlights underperforming assets, capitalizes on advantageous lease terms, and promotes team efficiency through streamlined workflows and approval processes. Ultimately, Lucernex empowers organizations to optimize their leasing strategies and improve overall operational performance.
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
Integrations
Accruent Lx Contracts
IFS Ultimo
Microsoft Dynamics 365
Sage 200
Sage 50
Xero
itamlink
Integrations
Accruent Lx Contracts
IFS Ultimo
Microsoft Dynamics 365
Sage 200
Sage 50
Xero
itamlink
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/solutions/lease-administration-accounting/lease-administration-accounting-lucernex
Vendor Details
Company Name
Lease102
Founded
2025
Website
lease102.co.uk
Product Features
Lease Management
Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database
Real Estate Property Management
Billing & Invoicing
Commercial Properties
Contact Management
Credit Check
Expense Management
Insurance Management
Landlord Database
Late Fee Calculation
Lease Management
Maintenance Management
Owner Portal
Payment Processing
Portfolio Management
Rent Tracking
Residential Properties
Tax Management
Tenant Database
Tenant Portal
Vacancy Tracking
Website 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