Item: Accruent Lucernex
Rating: 10
Author: Verified User

Overall Satisfaction with Lucernex Lease Administration & Accounting, an Accruent company

Use Cases and Deployment Scope

Lucernex Lease Administration & Accounting has been procured to help accounting and reporting efforts to adhere to the new ASC 842 & IFRS 16 lease accounting standards. We are in the pre-implementation data collection stages and we hope during implementation to solve our challenges with lease tracking, and accounting for lease expense under the new standards.

Pros and Cons

Pros

During our sales meeting where the product/content expert demoed the tool I was very impressed on how knowledgeable he was and how the lease admin tool operates and its capabilities are structured.
The Lease Admin Tool in my opinion, is organized, and easily adaptable to our company needs. Shouldn't be a large learning curve for new hires.
The training was great, had no issues, all trainers were knowledgeable and helpful anytime anyone had a question.

Cons

We asked the demo expert to prepare the system to show how it would handle a real life scenario, and they were unable to do so.

In-Person Training

Alternatives Considered

Lease Query is better.

Likelihood to Recommend

Professional demo, and good training program that walks you through processes.

Comments

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Lease Accounting Solution

Modules Used