Accruent Lucernex vs. Archibus by Eptura

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Accruent Lucernex
Score 7.9 out of 10
Enterprise companies (1,001+ employees)
Accruent acquired Lucernex in 2017 to boost its IWMS or asset management portfolio. Lucernex Lease Administration & Accounting is a real estate lifecycle management platform emphasizing compliant financial contracts and accountancy.N/A
Archibus
Score 6.6 out of 10
N/A
Archibus is an IWMS solution based on the IWMS capabilities of the former ARCHIBUS product line and the workspace planning and optimization solutions of the former Serraview, which merged with ARCHIBUS in December 2018.N/A
Pricing
Accruent LucernexArchibus by Eptura
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Accruent LucernexArchibus
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
Accruent LucernexArchibus by Eptura
Considered Both Products
Accruent Lucernex
Chose Accruent Lucernex
We currently use CoStar, but it has very limited capabilities, which is why we chose to move to Lucernex.

Specifically, the limitations of CoStar are:
Chose Accruent Lucernex
Lucernex is the best valued product for the extent of our needs.
Chose Accruent Lucernex
We evaluated Prolease and CoStar. ProLease provided the bare minimum, while functional, lacked the integration piece to other systems. CoStar was the cadillac of systems. Lucernex was a good middle ground.
Chose Accruent Lucernex
For the price point, this allowed us to do everything we needed to do without an excess of useless functionality.
Chose Accruent Lucernex
We already use another Accruent program and plan to transition additional modules next year, so we did not evaluate other companies specifically for the Lease Admin/Accounting piece. We looked at Lucernex as a whole Real Estate lifecyle and it offered us the most in terms of …
Chose Accruent Lucernex
SAP and IBM's offering was overly intricate for our needs. Their costs were out of our budget range. We also looked at services from external audit firms, which showed the same result.
Chose Accruent Lucernex
We selected Lucernex based on our demo that seemed to meet our needs of complying with ASC 842, based on user friendliness and interface.
Chose Accruent Lucernex
The capabilities of Lucernex fit our needs and it appears to be a cost effective choice.
Chose Accruent Lucernex
The final reason was the fact that it can be integrated into our AP system to make lease payments automatically.
Chose Accruent Lucernex
We are a current user of Siterra and are moving to Lucernex, as Siterra was not going to be ready for FASB.
Chose Accruent Lucernex
We felt Lucernex had a good balance between real estate leases and equipment leases.
Chose Accruent Lucernex
We chose Lucernex based on the commitment of building and maintaining the customer/vendor relationship to grow the product, the end user ability to configure the system and the systems functionality to complete all of our lease management needs.
Chose Accruent Lucernex
I was not around when the program was selected, but I know at the time that we selected Lucernex mainly because it was the only cloud-based software we knew about at the time and that was a requirement that our IT notified us of late in our search.
Chose Accruent Lucernex
I cannot recall exactly what other products we reviewed before choosing Lucernex, but one of the leading factors was how highly customizable the software was. We had previously been using Retail Lease which was an older program with buckets of data stored everywhere. During the …
Chose Accruent Lucernex
They were not as able to be customized to meet our needs and were not as advanced on the FASB changes.
Archibus
Chose Archibus
Better management integration from users and administrators. Archibus is still much better for multiple building management. It’s ability to overlay and activate specific spaces on a floor plan makes it very easy to visualize.
Chose Archibus
Archibus compares well with other IWMS software when it comes to integrating with BIM models and reporting capabilities. I selected Archibus as it has all the tools and processes needed to manage space and moves, with the intention to expand to other modules like Lease …
Best Alternatives
Accruent LucernexArchibus by Eptura
Small Businesses
Yardi Voyager
Yardi Voyager
Score 7.9 out of 10

No answers on this topic

Medium-sized Companies
Yardi Voyager
Yardi Voyager
Score 7.9 out of 10
Accruent Lucernex
Accruent Lucernex
Score 7.9 out of 10
Enterprises

No answers on this topic

Accruent Lucernex
Accruent Lucernex
Score 7.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Accruent LucernexArchibus by Eptura
Likelihood to Recommend
7.8
(0 ratings)
7.0
(0 ratings)
Usability
-
(0 ratings)
7.0
(0 ratings)
In-Person Training
7.7
(0 ratings)
-
(0 ratings)
User Testimonials
Accruent LucernexArchibus by Eptura
Likelihood to Recommend
I believe Accruent is well suited for companies with a large amount of leased assets that need to be accounted for under the new accounting standard. Companies with fewer leases would not need an intricate tool of this size. It is suited for both real estate and equipment leases, which makes up the entirety of our portfolio.
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It’s best suited for Large multi-building configurations (campus) with self-service funtions. There are better options for single buildings. This tool really shines when you are managing multiple buildings that are accessed by the same users.
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Pros
  • The classroom and web-base training experience were very well-executed. Instructors and SME's in training were knowledgeable and helpful.
  • Upper management oversight of the projects provides the customer with confidence knowing that if escalations need to occur, issues will be handled.
  • Management was quick to make it right and switch our team when they recognized that there were some fundamental pieces missing from our initial SOW for our project.
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  • Reporting - Archibus has very powerful reporting solutions.
  • Expansive Modules - catered to every need of the real estate and facilities organization.
  • Editing and inputting data.
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Cons
  • We were misled that we would be utilizing Lucernex employees on our implementation. We have subcontractors from Sense Corp who do not seem that they are very familiar with the software. They often have to take questions away to ask (presumably Lucernex employees).
  • The implementation process is very inefficient. The upload templates are not straightforward, and there are "required" fields that are not designated as "required". Also, the sheer number of upload templates that need to be populated does not seem like the best way to get our information into the software. A guide to denote what each field on the template actually represents would be helpful.
  • You can tell that Lucernex is benefiting from the influx of business from ASC 842, and is trying to onboard as many clients as possible at the same time. This has caused a lack of attention to our implementation, and it shows with some frustration on our side with the implementation process.
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  • More user friendly booking system
  • Web navigation can be more streamlined
  • Ease of use from non-technical users can be improved
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Usability
No answers on this topic
User perspective it is simple through a web portal that shows all spaces and buildings. But as an administrator it was quite a bit of work to set up. And by extension updating is also a lot of work
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In-Person Training
The trainers were knowledgeable and engaging in presenting the materials, and their emphasis on important concepts was helpful (I would rate the trainers themselves a 9!). However, I do not believe there's anything we learned in the in-person training that could not have been taught via live web-classroom. Traveling a significant distance (in our case) to Austin, TX for only approx. 12 hours in the classroom was (in my opinion) not necessary, since the same material could have been presented via live web-classroom and saved us the expense and travel-time. I would encourage Lucernex to consider moving to a live web-classroom format in the future; an online live format would still allow for participation and questions from the participants while saving clients' time and money
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No answers on this topic
Alternatives Considered
We chose Lucernex based on the commitment of building and maintaining the customer/vendor relationship to grow the product, the end user ability to configure the system and the systems functionality to complete all of our lease management needs.
Read full review
Archibus compares well with other IWMS software when it comes to integrating with BIM models and reporting capabilities. I selected Archibus as it has all the tools and processes needed to manage space and moves, with the intention to expand to other modules like Lease Administration and Asset Management. The constant upgrades to Archibus also helps to keep the software up-to-date with other third party products such as Revit.
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Return on Investment
  • Lease negotiation process has improved, we are able to make quicker, sound decisions with all the data at our fingertips
  • Internal and external reporting has been enhanced through the use of the reporting module. Reports can be easily made and tailored for reporting needs
  • Percent rent and straight line accruals are now automated through the system which cuts down on manual user error from previously using spreadsheets
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  • Met our business objectives
  • Positive ROI
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ScreenShots