Visual Lease Review - why 4.6 stars?

Shlomi Lavi / updated: May 17, 2022

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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.

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Who is it best for?

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.

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 is the actual cost?

ITQlick pricing score is 6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Visual Lease. You can also find here pricing information from Visual Lease's website.

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

Cons

• More expensive than other facilities management software
• Reports are not customizable
• English is the only available support language and this may pose difficulties for international companies.
• The Visual Lease Starter plan does not offer configurable security features for protection.
• There is no specially designed app for access via internet-enabled mobile devices.

How it stacks up?

Access a head to head analysis of Visual Lease vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Visual Lease right for you or your business?

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.