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What is Occupier?

Commercial tenants with growing lease portfolios often run real estate in spreadsheets and lease accounting in a separate tool, which leads to missed notice deadlines and a stressful month-end close. Occupier replaces both with one tenant-focused platform for lease administration and ASC 842 and IFRS 16 lease accounting. Occupier is designed for mid-market organizations holding between 30 and 500 leases across many locations. Customers include restaurant and franchise operators, retail chains, healthcare organizations, and fitness companies, along with professional services firms that lease offices in multiple markets. For real estate teams, Occupier Lease Administration sends alerts before renewals, expirations, escalations, and option deadlines, and keeps every lease, amendment, and key clause searchable in one place. Occupier Portfolio Analytics gives leadership a live view of rent, obligations, and locations, while Occupier Deal Management follows prospective sites through the pipeline. For finance teams, Occupier Lease Accounting calculates ASC 842 and IFRS 16 balances, creates monthly journal entries and amortization schedules, and produces disclosure reports ready for auditors. It integrates with NetSuite, and auditors can be granted access to the platform directly. Getting started is fast. Occupier Lease Abstraction uses AI to pull dates, rent terms, and over 120 clauses from existing leases, then Occupier’s specialists check every abstract. Most companies are fully live in 4 to 6 weeks, with in-house CPA guidance during setup. Occupier works only for the tenant side of the lease, never for landlords, and every subscription includes unlimited users.

What is Accruent Lucernex?

Lucernex is a software solution that specializes in lease administration and accounting. Offered by Accruent, this intelligent leasing platform enables organizations to effectively handle intricate scenarios involving real estate and equipment leases while minimizing risk and ensuring compliance with FASB and IASB regulations. It provides seamless integration with Enterprise Resource Planning (ERP) tools, enhancing operational efficiency. As a cloud-based lease accounting software platform, Lucernex is specifically engineered to simplify both real estate and equipment leasing processes. By automating lease administration and accounting, it establishes a centralized data repository, serving as a single source of truth. This functionality allows users to gain a comprehensive view of their entire lease portfolio and accurately assess financial obligations. Furthermore, the software aids in pinpointing underperforming assets and capitalizing on favorable lease terms. Additionally, Lucernex enhances team productivity by optimizing workflows, streamlining processes, and facilitating quicker approvals, ultimately contributing to improved decision-making and resource management.

Media

Media

Integrations Supported

NetSuite

Integrations Supported

Accruent Lx Contracts
IFS Ultimo
itamlink

API Availability

API Availability

Pricing Information

Annual subscription priced by number of active leases. Every plan includes unlimited users, with no per-seat fees or hidden costs. Choose Basic, Professional, or Enterprise, and add Lease Accounting, Deal Management, Business Licenses, or Equipment Leases as needed. Contact Occupier for a quote.

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Occupier

Date Founded

2018

Company Location

United States

Company Website

www.occupier.com

Company Facts

Organization Name

Accruent

Date Founded

1995

Company Location

United States

Company Website

www.accruent.com/solutions/lease-administration-accounting/lease-administration-accounting-lucernex

Categories and Features

Lease Accounting

Amortization Schedule
Billing & Invoicing
Critical Date Alerts
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Portfolio Management
Retail Leases

Categories and Features

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