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features
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What is Lease102?

Lease102 is an innovative lease accounting solution specifically designed to comply with FRS 102 Section 20, enhancing the accounting process through AI-powered data extraction, calculations, journal entries, and disclosure reporting. Targeted at enterprises in the UK and Ireland, this software adheres strictly to FRS 102 principles without adapting them to IFRS 16 standards. Utilizing cutting-edge AI technology, it effectively extracts vital information from lease contracts, significantly reducing the likelihood of errors that may arise from manual data entry. The built-in calculation engine leverages the Bank of England SONIA and ECB €STR rates to determine appropriate discount rates with precision. Moreover, it features a comprehensive seven-year audit trail that logs all changes and calculations related to leases, which boosts transparency and accountability. Other important functionalities include collaboration tools for teams, management capabilities for lease modifications, expiration alerts, multi-currency support, and seamless integration options with ERP systems. Additionally, Lease102 emphasizes security by using AES-256 encryption, TLS 1.3 protocols, and ensuring that data storage complies with UK/EU regulations, thus adhering to GDPR standards and protecting sensitive information. This all-encompassing strategy not only streamlines lease accounting but also strengthens the confidence businesses have in their financial statements, fostering a culture of trust and reliability. Ultimately, Lease102 stands out as a vital tool for organizations striving for efficient and compliant lease management.

What is Accruent Lx Contracts?

Rent payments are made more straightforward, enhanced reporting options are accessible, and customizable location maps can be generated. Lease information can be effortlessly filled in or integrated with other applications for a holistic overview of the portfolio. Operating expenses can be monitored, with charges itemized to precise details. Additionally, it enables the tracking of lease expirations, renewals, changes in rent amounts, insurance documentation, and more. Accruent Lx Contracts enhances transparency across your entire leasing portfolio. It allows for rapid calculations of lease and expense obligations, helps pinpoint underperforming assets, and promotes team productivity. Beyond that, Lx Contracts provides superior data security compared to Excel or any other standalone software, incorporating measures like penetration testing, encryption, authentication protocols, and dynamic security assessments. This comprehensive approach not only safeguards sensitive information but also builds trust among users.

Media

Media

No images available

Integrations Supported

Accruent Lucernex
MapsPeople
Microsoft Dynamics 365
Sage 200
Sage 50
Xero

Integrations Supported

Accruent Lucernex
MapsPeople
Microsoft Dynamics 365
Sage 200
Sage 50
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

from £20 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Lease102

Date Founded

2025

Company Website

lease102.co.uk

Company Facts

Organization Name

Accruent

Date Founded

1995

Company Location

United States

Company Website

www.accruent.com/products/lucernex/lx-contracts

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

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