LeaseAccelerator - A great reliable and accurate leasing platform
Rating: 9 out of 10
IncentivizedUse Cases and Deployment Scope
LeaseAccelerator is responsible for performing the lease accounting activities that are to be interfaced with [...] Environments specially Oracle. The tool is being supported by the LeaseAccelerator organization itself. [...] has a couple of boundary apps wherein they will be storing the leases with respect to Real estate and fleet. These boundary apps will be sending data to LeaseAccelerator. Lease accounting will be responsible for going ahead and accounting these leases and then generate invoices which will then be sent to Oracle for payments. We also have journals that will flow from the LeaseAccelerator to Oracle. [...] will perform the payment in Oracle for any accounting that is made for real estate and fleet Invoices.
Pros
- Search and validation of lease information in LeaseAccelerator.
- User Maintenance
- Access Management
- Lessor invoice processing error in LeaseAccelerator
Cons
- CA recon files
- NA
- NA
Likelihood to Recommend
Lease naming convention - Real Estate - Spacebase lease identifier along with an area indicator is used to identify real estate leases. The area indicator will appear as a suffix to the lease identifier as -AREA-XX where XX is a number. This convention is used in the event of a real estate lease that is tracked as a single lease in Spacebase that might be required to be a separate lease for accounting purposes in LeaseAccelerator. Note that for other integration requirements, the lease identifier is copied into the External Id field as well.
Vetted Review
3 years of experience