Accruent Lx Contracts

What Accruent Lx Contracts is

Accruent Lx Contracts is web software for administering and accounting for real estate and equipment leases. It gives relevant personnel visibility into a lease portfolio, helps calculate lease and expense obligations, and supports identification of underperforming assets. The product supports ASC 842, IFRS 16, and GASB 87 compliance for both lease types. Teams can configure reporting and analytics for cost analysis, KPI setting, and operational improvement. Permissions and approvals can be set by employee role or other criteria, while alerts can flag dates such as renewals or notify employees that documents are ready for review. Accruent lists integrations with Oracle and SAP ERPs, accounting systems, CRMs, BI tools, financial and human capital management systems, and CMMS or facilities management solutions. Automated reporting, cause-of-change reports, and data integrations are described as aids to monthly close. Security measures named include penetration testing, encryption, authentication, and dynamic application security testing. Lucernex audit logs assist with SOX compliance; Accruent says it is SOC 1 and SOC 2 compliant. Pricing is available on request and can depend on portfolio scale, needs, and required features.

Who it suits

Lx Contracts suits organizations managing real estate and equipment leases, with access for relevant personnel across the organization. It may fit teams needing lease accounting, compliance support, configurable reporting, and workflow controls.

Limits

Pricing and required features can vary with portfolio scale and organizational needs.

Getting started

1. Open the Accruent Lx Contracts product page
2. Contact Accruent for pricing and requirements
3. Review portfolio scale, needs, and required features
4. Connect applicable ERP, accounting, CRM, BI, HCM, or CMMS systems
5. Configure permissions, approvals, reports, and alerts
6. Use the available support and training resources

Verdict

Lx Contracts combines lease administration, accounting, reporting, and workflow controls for two lease types. Buyers need to contact Accruent for pricing, which varies with portfolio scale, needs, and features.