Visual Lease Review - why 4.6 stars?

Visual Lease Review
ITQlick Score: 84/100
ITQlick Rating: (4.6/5)
Pricing: 6/10 - average cost
Category: Lease Management -> Visual Lease
Ranking:Ranked 2 out of 10 Lease Management systems
Company: Visual Lease
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: Visual Lease pricing, Visual Lease alternatives
Shlomi LaviShlomi Lavi / updated: Jun 25, 2021

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What is Visual Lease?

Visual Lease is a cloud-based facility management software for small to large companies. Its key features include accounting and finance capabilities, FASB/IASB accounting modules, location mapping, budget management, Gantt charts, document management, percentage rent and more. Visual Lease was founded in 1995 in Woodbridge, New Jersey. It has up to 200 employees and is ASC 842 and IFRS 16 compliant.

What is Visual Lease rating? ()

The rating of Visual Lease is 4.6 stars out of 5 and the total score is 84 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Visual Lease's typical customers?

Visual Lease is designed for all businesses owning and renting properties and assets including investment companies and car lease companies. The tool is suitable for businesses of all sizes. It can be used for the management of less than 15 leases and for tens of thousands of leases. Major customers of Visual Lease include Huntington, Avis, Equinox and 21st Century Fox.

Is Visual Lease the best Lease Management?

Visual Lease is ranked 2 out of 10 software in their category (Lease Management systems).

What are their main features and functionalities?

Visual Lease enables you to store and control lease documents. It has a module for fast custom report creation. The mapping feature offers a world map of locations with your leases and direct access to lease profiles. The financial module can be used for bill payment, budgeting and financial analysis.

The software enables you to create and manage contact profiles. It allows you to enter all lease clauses in a special database for the purpose of lease management. It can be used for project management. There are dashboards for visual lease portfolio management.

What are Visual Lease's pros? (5 Pros)

  • The capacity of Visual Lease expands automatically as the number of your leases grows.
  • Great ad hoc reporting capabilities
  • Easy to learn and use
  • ASC 842 and IFRS 16 compliant
  • Can operate in a multi-national level

What are Visual Lease's cons? (2 cons)

  • More expensive than other facilities management software
  • Reports are not customizable

Who are their main alternatives?

Corrigo is a facilities and service management system for the same client size and price range as Visual Lease. Corrigo supports more platforms (web, iOS, and Android) than Visual Lease which is only web-based. Visual Lease has better ad hoc reporting, automatic reminders, and cost analysis features than Corrigo. There are features that Corrigo offers that Visual Lease lacks like process management, ROI analytics, Business Intelligence, repair tracking, and more.

Both have high customer review ratings online but Corrigo can be a better choice as facilities management solution if the company is not operating on a multi-national level. OfficeSpace Software is a facility management solution (cloud-based) for small to large enterprises like Visual Lease. However, OfficeSpace pricing is lower than Visual Lease at $500 a month or $6,000 a year.

Both are web-based but Visual Lease offers more capabilities than Visual Lease such as ad hoc reporting, billing and invoicing, budget control, general ledger, multi-currency, and more. Visual Lease also can generate more standard reports than OfficeSpace. Both have high vendor reputation online but OfficeSpace can be a cheaper alternative for Visual Lease with its basic facilities management features.

What is the cost of Visual Lease?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Visual Lease

What should you ask Visual Lease during a demo session? (65 questions)

Schedule a demo with Visual Lease and access 65 must ask questions for the vendor while watching Visual Lease in action. Visit the vendor's website here.

Is it the right software for you?

Visual Lease is beneficial for small, medium, and large businesses. Its clients are from various industries including electronics, manufacturing, real estate, hospital and healthcare, and more. Some of its known clients are Tupperware, Cemex, Lubrizol, PayPal, Liberty, and Constellation brands to name a few.

List of categories

Fixed Asset Management
Property Management
Rentals management

List of features

Automatic Data Backup
Automatic Property Mapping
Easy Data Migration
Email Owner Statements
Excel Export
File Storage
Maintenance Overview
Move Management
Online Rental Applications
Paperless Work Orders
Recurring Work Orders
Streamlined Work Orders
Upload Documents
Vacancy Dashboard

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.