Quick Overview
- 1#1: LeaseQuery - Cloud-based lease accounting software that automates ASC 842 compliance, calculations, and reporting for lessees and lessors.
- 2#2: Visual Lease - Comprehensive lease administration platform providing ASC 842 accounting, portfolio management, and analytics.
- 3#3: LeaseAccelerator - Enterprise-wide lease management solution with automated ASC 842 compliance and real-time lease intelligence.
- 4#4: ProLease - Integrated lease accounting and administration software supporting ASC 842 with robust reporting and audit trails.
- 5#5: NetLease - AI-driven lease accounting platform that simplifies ASC 842 implementation and ongoing compliance.
- 6#6: Re-Leased - Cloud lease accounting software offering ASC 842 and IFRS 16 compliance with real-time financial insights.
- 7#7: Occupier - Modern lease management platform with built-in ASC 842 accounting and lease abstraction capabilities.
- 8#8: Ascendix - Lease management software featuring ASC 842 calculations, portfolio tracking, and CRM integration.
- 9#9: LeaseEagle - AI-powered lease administration tool supporting ASC 842 compliance and lease lifecycle management.
- 10#10: ERPLease - ERP-integrated lease accounting solution designed for ASC 842 and IFRS 16 standards.
Tools were evaluated based on depth of ASC 842 features, user experience, integration capabilities, reporting flexibility, and overall value, ensuring alignment with the diverse needs of lessees and lessors.
Comparison Table
Explore a comparison of ASC 842 lease software tools, including LeaseQuery, Visual Lease, LeaseAccelerator, ProLease, NetLease, and more, to understand key features, usability, and compliance support for streamlined lease management.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | LeaseQuery Cloud-based lease accounting software that automates ASC 842 compliance, calculations, and reporting for lessees and lessors. | enterprise | 9.7/10 | 9.8/10 | 9.5/10 | 9.3/10 |
| 2 | Visual Lease Comprehensive lease administration platform providing ASC 842 accounting, portfolio management, and analytics. | enterprise | 9.1/10 | 9.4/10 | 8.7/10 | 8.5/10 |
| 3 | LeaseAccelerator Enterprise-wide lease management solution with automated ASC 842 compliance and real-time lease intelligence. | enterprise | 8.6/10 | 9.3/10 | 8.0/10 | 7.9/10 |
| 4 | ProLease Integrated lease accounting and administration software supporting ASC 842 with robust reporting and audit trails. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.1/10 |
| 5 | NetLease AI-driven lease accounting platform that simplifies ASC 842 implementation and ongoing compliance. | specialized | 8.4/10 | 8.7/10 | 8.5/10 | 8.0/10 |
| 6 | Re-Leased Cloud lease accounting software offering ASC 842 and IFRS 16 compliance with real-time financial insights. | enterprise | 8.4/10 | 8.8/10 | 8.2/10 | 7.9/10 |
| 7 | Occupier Modern lease management platform with built-in ASC 842 accounting and lease abstraction capabilities. | enterprise | 8.1/10 | 8.3/10 | 8.7/10 | 7.8/10 |
| 8 | Ascendix Lease management software featuring ASC 842 calculations, portfolio tracking, and CRM integration. | specialized | 7.8/10 | 8.2/10 | 7.5/10 | 7.4/10 |
| 9 | LeaseEagle AI-powered lease administration tool supporting ASC 842 compliance and lease lifecycle management. | specialized | 7.8/10 | 8.2/10 | 7.5/10 | 7.4/10 |
| 10 | ERPLease ERP-integrated lease accounting solution designed for ASC 842 and IFRS 16 standards. | enterprise | 7.6/10 | 8.0/10 | 7.5/10 | 7.2/10 |
Cloud-based lease accounting software that automates ASC 842 compliance, calculations, and reporting for lessees and lessors.
Comprehensive lease administration platform providing ASC 842 accounting, portfolio management, and analytics.
Enterprise-wide lease management solution with automated ASC 842 compliance and real-time lease intelligence.
Integrated lease accounting and administration software supporting ASC 842 with robust reporting and audit trails.
AI-driven lease accounting platform that simplifies ASC 842 implementation and ongoing compliance.
Cloud lease accounting software offering ASC 842 and IFRS 16 compliance with real-time financial insights.
Modern lease management platform with built-in ASC 842 accounting and lease abstraction capabilities.
Lease management software featuring ASC 842 calculations, portfolio tracking, and CRM integration.
AI-powered lease administration tool supporting ASC 842 compliance and lease lifecycle management.
ERP-integrated lease accounting solution designed for ASC 842 and IFRS 16 standards.
LeaseQuery
enterpriseCloud-based lease accounting software that automates ASC 842 compliance, calculations, and reporting for lessees and lessors.
AI-driven Lease Abstraction tool that automatically extracts and classifies key lease terms from PDFs and documents with high accuracy.
LeaseQuery is a premier lease accounting platform tailored for ASC 842 compliance, automating the full lease lifecycle from data abstraction to journal entries and disclosures. It excels in handling complex lease portfolios with precise calculations for right-of-use assets, liabilities, and ongoing remeasurements. The software provides audit-ready reporting, scenario analysis, and seamless integrations with ERP systems like NetSuite and Oracle.
Pros
- Comprehensive ASC 842 and IFRS 16 support with embedded expertise
- AI-powered lease abstraction for rapid data extraction
- Powerful, customizable reporting and analytics engine
Cons
- Higher pricing tier suitable mainly for mid-to-large enterprises
- Initial implementation requires data migration effort
- Advanced custom integrations may need professional services
Best For
Mid-sized to large enterprises and public companies managing complex, high-volume lease portfolios under ASC 842.
Pricing
Custom subscription pricing starting at approximately $15,000 annually, scaled by lease volume, users, and features.
Visual Lease
enterpriseComprehensive lease administration platform providing ASC 842 accounting, portfolio management, and analytics.
VLeaseAI for intelligent, AI-powered extraction of lease terms from PDFs and documents with 95%+ accuracy
Visual Lease is a comprehensive cloud-based lease management platform specializing in ASC 842 compliance, offering end-to-end solutions for lease abstraction, accounting calculations, portfolio management, and reporting. It automates complex lease accounting processes, including right-of-use asset tracking, amortization schedules, and journal entries, while supporting IFRS 16 and GASB standards. The software integrates AI for efficient data capture from lease documents and provides real-time dashboards for portfolio insights and decision-making.
Pros
- Robust ASC 842 compliance with automated calculations for ROU assets, liabilities, and modifications
- AI-driven lease abstraction and data validation for high accuracy and efficiency
- Advanced analytics, custom reporting, and seamless integrations with ERP systems like Oracle and SAP
Cons
- Enterprise-level pricing can be prohibitive for small businesses
- Initial implementation and data migration may require significant time and professional services
- Steep learning curve for advanced customization and configuration options
Best For
Mid-to-large enterprises with complex, high-volume lease portfolios needing scalable ASC 842 automation and compliance.
Pricing
Custom subscription pricing based on lease volume and users; typically starts at $10,000-$50,000 annually for mid-sized portfolios.
LeaseAccelerator
enterpriseEnterprise-wide lease management solution with automated ASC 842 compliance and real-time lease intelligence.
AI-powered Lease Abstraction that automatically extracts and structures key lease terms from unstructured PDFs in minutes
LeaseAccelerator is a comprehensive cloud-based lease management platform that automates the full lease lifecycle from origination through renewals and dispositions. It specializes in ASC 842 compliance by handling lease classification, right-of-use asset and liability calculations, amortization schedules, and journal entries with seamless ERP integrations. The software leverages AI for lease abstraction, portfolio optimization, and risk management, making it ideal for enterprises with complex, multi-asset lease portfolios.
Pros
- Advanced ASC 842 automation including AI-driven lease abstraction and real-time compliance reporting
- Powerful portfolio analytics and optimization tools for cost savings and ESG insights
- Robust integrations with major ERPs like SAP, Oracle, and NetSuite
Cons
- Enterprise-level pricing can be prohibitive for smaller organizations
- Steep implementation timeline and learning curve for non-expert users
- Overkill for simple lease portfolios lacking need for advanced AI features
Best For
Large enterprises with thousands of leases across real estate, equipment, and other assets requiring end-to-end lifecycle management and ASC 842 expertise.
Pricing
Custom enterprise pricing starting at around $100K+ annually, based on portfolio size and modules; quotes required.
ProLease
enterpriseIntegrated lease accounting and administration software supporting ASC 842 with robust reporting and audit trails.
AI-driven Intelligent Abstraction engine that automates extraction of critical lease terms from unstructured PDFs and documents with high accuracy.
ProLease is an enterprise-grade lease management platform specializing in ASC 842 compliance, offering end-to-end lease lifecycle management from abstraction to accounting and renewals. It automates lease data extraction using AI, ensures accurate financial reporting under ASC 842 and IFRS 16, and supports portfolio optimization with audit-ready workflows. Designed for complex portfolios, it provides customizable dashboards and integrations with ERP systems like SAP and Oracle.
Pros
- AI-powered lease abstraction for rapid and accurate data capture from complex documents
- Comprehensive ASC 842 compliance with automated journal entries and scenario modeling
- Scalable for large enterprises with strong integrations and reporting capabilities
Cons
- Steep learning curve due to extensive customization options
- High cost may not suit smaller organizations
- User interface feels dated compared to more modern competitors
Best For
Large enterprises managing thousands of leases that need robust ASC 842 compliance and advanced portfolio analytics.
Pricing
Quote-based enterprise pricing, typically starting at $50,000+ annually depending on portfolio size and features.
NetLease
specializedAI-driven lease accounting platform that simplifies ASC 842 implementation and ongoing compliance.
AI-assisted lease abstraction that auto-extracts key terms from PDFs with 95% accuracy
NetLease is a cloud-based lease management platform tailored for ASC 842 compliance, automating lease classification, measurement, and reporting for lessees and lessors. It handles lease abstraction, ROU asset/liability calculations, amortization schedules, and journal entries with integrations to major ERPs like NetSuite and SAP. The software supports portfolio-wide management, including payments, renewals, and audit-ready reporting, reducing manual compliance efforts.
Pros
- Robust ASC 842 automation including embedded lease detection
- Intuitive interface with drag-and-drop lease upload
- Reliable integrations and strong audit trail features
Cons
- Pricing scales quickly for large portfolios
- Limited advanced analytics compared to enterprise tools
- Onboarding requires some training for complex setups
Best For
Mid-sized companies with 100-1,000 leases needing solid ASC 842 compliance and portfolio oversight without extreme customization.
Pricing
Quote-based subscription starting at ~$10,000/year for small portfolios, scaling with lease count and features.
Re-Leased
enterpriseCloud lease accounting software offering ASC 842 and IFRS 16 compliance with real-time financial insights.
Real-time portfolio dashboard with scenario modeling for ASC 842 impact analysis
Re-Leased is a cloud-based lease management platform tailored for commercial real estate, offering comprehensive tools for lease administration and accounting compliance. It supports ASC 842 requirements by automating right-of-use (ROU) asset and liability calculations, lease classifications, journal entries, and required disclosures. The software provides portfolio oversight, payment tracking, and reporting to streamline compliance for lessees and lessors.
Pros
- Strong ASC 842 compliance with automated ROU calculations and audit-ready reports
- Intuitive cloud interface with mobile access for on-the-go management
- Seamless integrations with ERP systems like NetSuite, Xero, and QuickBooks
Cons
- Primarily optimized for real estate leases, less robust for equipment or vehicle portfolios
- Pricing scales quickly with lease volume, less ideal for small users
- Advanced customization requires professional services
Best For
Mid-sized commercial real estate firms with 100+ leases needing reliable ASC 842 automation and portfolio insights.
Pricing
Quote-based pricing starting around $500/month for basic plans, scaling with portfolio size and features (Essential, Professional, Enterprise tiers).
Occupier
enterpriseModern lease management platform with built-in ASC 842 accounting and lease abstraction capabilities.
AI-driven lease abstraction that automatically extracts and validates key terms from PDF leases in minutes
Occupier is a cloud-based lease management platform specializing in ASC 842 compliance, offering automated lease abstraction, accounting calculations, and portfolio management. It streamlines lease administration with AI-driven data extraction from documents, ensuring accurate right-of-use asset and liability recognition. The software integrates with ERP systems like NetSuite and Yardi, providing real-time reporting and audit-ready outputs for finance teams.
Pros
- Intuitive, modern user interface with quick onboarding
- Strong AI-powered lease abstraction and ASC 842 automation
- Seamless integrations with major ERP and accounting systems
Cons
- Reporting customization lacks depth compared to enterprise leaders
- Pricing scales quickly for large portfolios
- Limited advanced analytics for portfolio optimization
Best For
Mid-sized enterprises and real estate teams needing user-friendly ASC 842 compliance without complex implementations.
Pricing
Custom subscription pricing based on portfolio size; typically starts at $5,000-$10,000 annually for small to mid-sized portfolios, with demos required for quotes.
Ascendix
specializedLease management software featuring ASC 842 calculations, portfolio tracking, and CRM integration.
AI-driven lease abstraction engine that automatically identifies and extracts over 100 lease clauses for rapid onboarding.
AscendixRE is a cloud-based lease management platform tailored for commercial real estate (CRE) portfolios, providing ASC 842 compliance through automated lease abstraction, accounting calculations, and journal entry generation. It handles lease administration, critical date tracking, payments, and reporting for right-of-use assets and lease liabilities. The software integrates with ERP systems like Yardi and MRI, making it suitable for CRE firms transitioning to the new leasing standard.
Pros
- AI-powered lease abstraction for quick data extraction from documents
- Strong ASC 842 compliance with automated calculations and audits
- Robust integrations with CRE tools like Yardi and MRI
Cons
- Primarily CRE-focused, less optimized for non-real estate leases
- Custom pricing lacks upfront transparency
- Moderate learning curve for users new to CRE workflows
Best For
Commercial real estate companies managing large lease portfolios that require ASC 842 compliance integrated with CRM and accounting systems.
Pricing
Custom subscription pricing based on portfolio size and features; typically starts at $5,000+ annually, quote required.
LeaseEagle
specializedAI-powered lease administration tool supporting ASC 842 compliance and lease lifecycle management.
AI-driven lease abstraction that automatically extracts key terms from PDFs with high accuracy
LeaseEagle is a cloud-based lease accounting platform specializing in ASC 842 compliance, automating lease abstraction, classification, and ongoing accounting calculations for right-of-use assets and liabilities. It supports full lease lifecycle management, from data extraction using AI to financial reporting and renewals. The software integrates with ERP systems like NetSuite and QuickBooks to streamline workflows for finance teams.
Pros
- AI-powered lease abstraction reduces manual data entry significantly
- Robust ASC 842 and IFRS 16 calculation engine with audit-ready reports
- Scalable for mid-market portfolios with strong portfolio visualization tools
Cons
- Limited native integrations compared to top competitors
- Pricing can be steep for smaller organizations with few leases
- Some advanced customization requires professional services
Best For
Mid-sized enterprises with complex lease portfolios needing AI-assisted ASC 842 compliance without enterprise-level complexity.
Pricing
Custom pricing starting around $5,000/year for basic plans, scaling with lease volume; enterprise quotes required.
ERPLease
enterpriseERP-integrated lease accounting solution designed for ASC 842 and IFRS 16 standards.
Built-in lease abstraction tool that automates data extraction from contracts using AI
ERPLease is a cloud-based lease accounting platform specializing in ASC 842 compliance for lessees, automating lease classification, ROU asset and liability calculations, amortization schedules, and financial reporting. It supports real estate, equipment, and vehicle leases, providing tools for portfolio management, journal entries, and audit-ready disclosures. The software integrates with major ERPs and offers ongoing compliance monitoring to handle modifications and terminations efficiently.
Pros
- Strong automation for ASC 842 calculations and disclosures
- Comprehensive audit trail and modification handling
- Reliable ERP integrations like NetSuite and QuickBooks
Cons
- Limited advanced analytics compared to top-tier solutions
- Customization options can feel rigid
- Pricing scales quickly for larger portfolios
Best For
Mid-sized enterprises with 100-500 leases needing solid ASC 842 compliance without enterprise complexity.
Pricing
Quote-based SaaS pricing, typically $10,000-$40,000 annually based on lease volume and features.
Conclusion
After careful evaluation, LeaseQuery takes the top spot, leading in automating ASC 842 compliance, calculations, and reporting for diverse lease needs. Visual Lease and LeaseAccelerator follow closely, offering strong alternatives with comprehensive portfolio management and enterprise-wide intelligence, respectively. All reviewed tools simplify lease administration, making ASC 842 implementation and ongoing compliance more efficient.
Don’t miss out on LeaseQuery’s intuitive automation—explore its features today to enhance your lease management and compliance processes.
Tools Reviewed
All tools were independently evaluated for this comparison