Lucernex
by Accruent · Lease Accounting
Cloud lease accounting and real estate lifecycle platform for ASC 842, IFRS 16, GASB 87.
- Works with
- SAP, Oracle, Workday
- Deployment
- Cloud
- Pricing
- Quote-based
- Headquarters
- Austin, Texas, United States
Overview
Lucernex is Accruent's cloud-based real estate and lease lifecycle management platform, covering site selection and market planning, construction/project management, transaction management, and lease accounting and administration. It is aimed at organizations with large, standardized real estate or equipment lease portfolios -- particularly retail, restaurant, and hospitality chains, as well as healthcare, industrial and higher-education occupiers -- managing hundreds or thousands of leased locations.
The platform's accounting module, Lx Contracts, centralizes real estate and equipment leases, automates rent and expense calculations, and generates the amortization schedules, journal entries and disclosures needed to comply with FASB ASC 842, IASB IFRS 16 and GASB 87. Accruent states Lx Contracts has a 100% success rate getting clients into compliance with these standards, with audit logs supporting SOX compliance and SOC 1/SOC 2 certification.
Lucernex integrates with ERP, accounting, CRM, business intelligence, human capital management, and CMMS/facilities-management systems so lease and real estate data can flow into a company's core financial systems, including Oracle, SAP, and Workday.
Features & capabilities
Lease Accounting & Compliance (Lx Contracts)
Centralized lease accounting engine for ASC 842, IFRS 16 and GASB 87 compliance.
- Centralized real estate and equipment lease portfolio
- Automated rent and expense calculations
- Amortization schedule generation
- Automated journal entry creation
- Disclosure and footnote reporting
- Cause-of-change reports for monthly close
- Audit logs supporting SOX compliance
Lease Administration
Day-to-day management of lease terms, dates and obligations.
- Critical date and renewal option tracking
- Configurable alerts and notifications
- Role-based access controls
- Centralized document repository for lease abstracts
- Portfolio-wide obligation transparency
Market Planning & Site Selection (Lx Markets & Sites)
Analytics and workflow for evaluating and approving new real estate sites.
- Site selection analytics
- Market planning tools
- Automated site approval workflows
- Time-to-revenue tracking for new locations
Construction & Project Management (Lx Projects)
Oversight of construction and capital improvement projects.
- Project budgeting and cost control
- Construction milestone tracking
- Capital improvement project management
Transaction Management (Lx Transaction Management)
Managing real estate transactions and contracts end to end.
- Deal and transaction pipeline tracking
- Integrated contract management
- Broker and legal workflow coordination
Reporting & Analytics
Portfolio-wide visibility and decision support.
- Real-time dashboards
- Portfolio optimization reporting
- Data-driven real estate decision support
Integration & Connectivity
Connects lease and real estate data to core enterprise systems.
- ERP integrations (SAP, Oracle, Workday)
- Accounting and financial system integrations
- CRM and business intelligence integrations
- CMMS / facilities management system integrations
- Human capital management system integrations
Common use cases
- Achieving and maintaining ASC 842 / IFRS 16 / GASB 87 lease accounting compliance for a large multi-site portfolio
- Automating monthly lease journal entries and amortization schedules instead of spreadsheet-based tracking
- Centralizing lease abstracts, critical dates and renewal options for thousands of retail or restaurant locations
- Posting lease accounting entries from Lucernex into an SAP, Oracle, or Workday general ledger
- Running site selection and approval workflows before signing a new lease
- Tracking construction and capital improvement costs for new or renovated locations
- Producing audit-ready disclosure reports and cause-of-change reports for the accounting close
Strengths & considerations
Strengths
- Covers the full real estate lifecycle (site selection, construction, transactions, lease accounting) on one platform, not just lease accounting in isolation
- Purpose-built for high-volume, standardized multi-site portfolios (retail, restaurant, hospitality chains) rather than generic corporate real estate
- Vendor reports a 100% success rate getting clients into ASC 842 / IFRS 16 / GASB 87 compliance, verified by third-party accounting firms
ERP integrations
Lease accounting data (journal entries, amortization schedules) integrates with SAP financial systems
Pricing
Pricing is not published; Accruent requires contacting sales for a quote. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
- Compliance
- SOC 1, SOC 2
About the vendor
- Headquarters
- Austin, Texas, United States
- Ownership
- Operating company of Fortive Corporation (NYSE: FTV)
Alternatives to Lucernex in Lease Accounting
Lucernex — frequently asked questions
Does Lucernex integrate with SAP?
Yes. Lucernex integrates with SAP so lease accounting data such as journal entries and amortization schedules can flow into a company's SAP financial systems.
Does Lucernex integrate with Oracle or Workday?
Yes. In addition to SAP, Lucernex integrates with Oracle and Workday ERP/financial systems to post lease accounting data.
What lease accounting standards does Lucernex support?
Lucernex supports compliance with FASB ASC 842, IASB IFRS 16 and GASB 87, and Accruent states it has a 100% success rate getting clients into compliance with these standards.
How much does Lucernex cost?
Accruent does not publish Lucernex pricing. It is quote-based and requires contacting Accruent sales for a proposal.
Evaluating Lease Accounting?
Tell us your ERP and requirements and we'll send an independent shortlist — including Lucernex and the best-fit alternatives — with honest pros and cons.