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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

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

What is Occupier? A tenant-side platform for running a commercial lease portfolio and keeping lease accounting compliant with ASC 842 and IFRS 16. It is used by companies with roughly 30 to 500 leases, typically multi-location operators such as restaurant and franchise groups, retailers, healthcare providers, and fitness brands. Who uses it? Real estate and lease administration teams use Occupier to stay ahead of renewals, expirations, rent escalations, and option windows. Controllers and accounting teams use it to produce monthly journal entries, amortization schedules, and disclosure reports that hold up in an audit. Because both groups work in the same system, a lease change made by real estate updates the accounting automatically. What does the platform include? Occupier Lease Administration covers critical date alerts, clause tracking, and document storage. Occupier Lease Accounting handles ASC 842 and IFRS 16 calculations and connects to NetSuite. Occupier Lease Abstraction pairs AI extraction of more than 120 clauses with a review by Occupier’s team before data goes live. Occupier Portfolio Analytics adds dashboards and rent reporting, and Occupier Deal Management tracks new sites from LOI to signed lease. How is it different? Most property management tools were designed for landlords. Occupier was built only for tenants. Every plan comes with unlimited users, and new customers are typically live within 4 to 6 weeks.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Accruent Lx Contracts Yes 
IFS Ultimo Yes 
NetSuite No 
itamlink Yes 

Integrations

Accruent Lx Contracts No 
IFS Ultimo No 
NetSuite Yes 
itamlink No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

Annual subscription priced by number of active leases. Every plan includes unlimited users, with no per-seat fees or hidden costs. Choose Basic, Professional, or Enterprise, and add Lease Accounting, Deal Management, Business Licenses, or Equipment Leases as needed. Contact Occupier for a quote.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

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

Occupier

Founded

2018

Country

United States

Website

www.occupier.com

Product Features

Lease Management

Billing & Invoicing No 
Commercial Leases No 
Contact Management No 
Landlord Database No 
Lease Classification Yes 
Portfolio Management No 
Property Management No 
Residential Leases No 
Retail Leases No 
Sublease Management No 
Tenant Database No 

Real Estate Property Management

Billing & Invoicing No 
Commercial Properties No 
Contact Management No 
Credit Check No 
Expense Management No 
Insurance Management No 
Landlord Database No 
Late Fee Calculation No 
Lease Management No 
Maintenance Management No 
Owner Portal No 
Payment Processing No 
Portfolio Management No 
Rent Tracking No 
Residential Properties No 
Tax Management No 
Tenant Database No 
Tenant Portal No 
Vacancy Tracking No 
Website Management No 

Product Features

Lease Accounting

Amortization Schedule Yes 
Asset Management No 
Billing & Invoicing Yes 
Budgeting & Forecasting No 
Capitalization Reporting No 
Critical Date Alerts Yes 
Expense Tracking No 
For Equipment Leases Yes 
For Real Estate Yes 
Payment Tracking Yes 
Portfolio Management Yes 
Tax Management Yes 

Lease Management

Billing & Invoicing Yes 
Commercial Leases Yes 
Contact Management Yes 
Landlord Database No 
Lease Classification No 
Portfolio Management Yes 
Property Management No 
Residential Leases No 
Retail Leases Yes 
Sublease Management No 
Tenant Database No 

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