Leasecake

What Leasecake is

Leasecake is a cloud-based system for lease administration, accounting, and portfolio intelligence, designed for multi-unit operators ranging from small businesses to complex enterprise portfolios. Lease management covers critical dates and events, tasks, renewals, amendments, custom tracking, reporting, and rent and financial details. AI-powered Lease Q&A and lease abstraction can surface answers, summarize clauses, and flag risks. Lease administration and accounting share one data model, so changing a commencement date automatically updates related dates according to lease terms. The maker describes support for lease accounting compliance with ASC 842 and IFRS 16. For portfolio oversight, Leasecake supports multi-entity portfolios, risk and cost analysis across a portfolio, and advanced reporting. Team members can access lease details, clause summaries, and contacts on Android, iOS, and web. Leasecake says customer data is hosted in US Google Cloud facilities, encrypted in transit and at rest, and backed up nightly. Its security overview also reports uptime of 99.95% or higher, annual OWASP Application Security Verification Standard self-certification, and independent penetration testing. Pricing is available by inquiry, and the product has no free plan. The maker also offers a 24-point lease audit to businesses, including those that are not customers.

Who it suits

Leasecake suits multi-unit operators managing lease obligations across one or more entities, from small businesses to enterprise portfolios. It is especially relevant to teams that need lease administration and accounting together, with date tracking, reporting, and mobile access to lease information.

Limits

There is no free software plan, and pricing is available by inquiry. The maker offers a 24-point lease audit to businesses that are not customers, but this is an audit offer rather than a free software plan.

Getting started

1. Visit the Leasecake website.
2. Contact Leasecake to inquire about pricing and plan options.
3. Use the cloud-based platform on web, Android, or iOS.
4. Add lease records and track critical dates, events, tasks, renewals, and amendments.
5. Use the available lease administration, accounting, and portfolio reporting tools.

Verdict

Choose Leasecake if your organization needs lease administration and accounting in a shared system, especially across a multi-entity portfolio. Look elsewhere if you need published pricing or a free software plan.