Discover why teams choose NetLease for simplified lease accounting
NetLease is the ultimate solution for anyone who needs lease management software. It’s simple, intuitive, and efficient, staying ahead of ongoing compliance and ever-evolving standards. NetLease is built to fit seamlessly into your existing systems, and there’s also a fully embedded NetSuite-native version, verified by Big 4 accountants—but that’s not all NetLease delivers.
NetLease offers:
- Automated ASC 842 compliance: NetLease automates compliance with ASC 842 and GASB 87 and 96. It also supports compliance with IFRS 16 and FRS 102. NetLease simplifies right-of-use asset adjustments with automated amortization schedules, ensuring accurate depreciation and liability tracking.
- Audit-ready disclosures: NetLease generates audit-ready disclosures to streamline reporting. It also automates disclosure tables for various accounting standards and offers comprehensive lease management tools to make compliance effortless.
- Single-click journal entries: NetLease minimizes errors by enabling single-click journal entries. This eliminates the need for double-checking and saves time in lease management, so your team can focus on what matters most.
- Fixed asset accounting: Unlike LeaseCrunch, Netgain’s solutions go beyond lease accounting. Netgain also offers a fixed asset accounting and management module that seamlessly integrates with our lease accounting module, providing companies with a broader range of functionalities to better serve their clients and manage their business.
- AI tools: Netlease offers AI-powered lease abstraction for quick lease creation from contracts, plus an AI assistant to help with lease accounting questions and navigating the platform.
Explore how NetLease can transform your lease accounting experience.
More about LeaseCrunch
What does LeaseCrunch do?
LeaseCrunch is software designed specifically for lease accounting. LeaseCrunch has primarily catered to CPA firms and fractional CFOs, which was its main advantage. However, this has narrowed its scope by not fully understanding the end-user organizations. LeaseCrunch also charges higher prices, charging per lease instead of offering a flat fee, making it less cost-effective for businesses with larger lease portfolios. Additionally, LeaseCrunch lacks ERP integration and has no AI capabilities, limiting its efficiency.
Does LeaseCrunch offer good customer service?
While LeaseCrunch provides standard customer service, Netgain's customer service team is known for its exceptional responsiveness and hands-on assistance.
In fact, as Katie from Mariani Premier Group shares, "The Netgain support team has exceeded my expectations, responding to my requests within 24 hours and offering step-by-step guidance. That's really unique, and I really appreciate it." Netgain's ongoing support ensures that users receive the help they need long after implementation.
What is the best alternative to LeaseCrunch?
The best alternative to LeaseCrunch is NetLease. NetLease is the leading lease accounting software for ERPs, designed to comply with all lease accounting standards.
This software is not only cost-effective but also simple and intuitive. It leverages AI to automate lease accounting processes, such as creating amortization schedules and generating audit-ready reports for leases. Beyond lease management, NetLease also handles fixed asset management, offering a comprehensive solution.
Key benefits of NetLease include:
- Automated ASC 842 compliance
- Audit-ready disclosures and reports
- Fully embedded in NetSuite
- ASC 842 & IFRS 16 compliance
- Right-of-use asset adjustments
- Automated amortization schedules
- All disclosure tables are automated
- Single-click journal entries
- Full lease management tools
- Direct posting to the GL
- Fully customizable
- AP reconciliations
