LeaseQuery

Frequently Asked Questions about LeaseQuery

Who are LeaseQuery?

LeaseQuery is a financial technology company that specializes in lease accounting software. Founded in 2017, the company aims to simplify the complexities of lease management and compliance with accounting standards, particularly ASC 842, IFRS 16, and GASB 87.

What are LeaseQuerys products?

LeaseQuery offers a cloud-based lease accounting software solution designed to assist businesses in managing their leases efficiently. The platform provides tools for lease administration, reporting, and compliance, making it easier for organisations to track and manage their lease obligations.

What services do LeaseQuery offer?

In addition to its lease accounting software, LeaseQuery provides implementation services, ongoing support, and training. They also offer consulting services to help businesses navigate lease accounting requirements and optimise their lease management processes.

What type of companies do LeaseQuerys products suit?

LeaseQuerys products are suitable for a variety of organisations, including small to large enterprises across different industries such as real estate, healthcare, retail, and manufacturing that need to comply with lease accounting standards.

How much does LeaseQuerys product cost?

LeaseQuerys pricing varies based on the number of leases managed and the specific needs of the organisation. For detailed pricing information, potential customers are encouraged to contact LeaseQuery directly for a customised quote.

Does LeaseQuery offer a free trial?

Yes, LeaseQuery offers a free trial of its software, allowing prospective customers to explore its features and functionalities before committing to a subscription.

What discounts does LeaseQuery offer on their products?

LeaseQuery occasionally provides discounts for annual subscriptions or offers promotional pricing. It is advisable to check their website or contact their sales team for current offers.

Are there any hidden fees or additional costs with LeaseQuery?

LeaseQuery is transparent about its pricing model. However, users should inquire about any potential additional costs related to extra features, support, or consulting services that may not be included in the base subscription.

Who uses LeaseQuerys products?

LeaseQuerys products are used by finance and accounting professionals, lease administrators, and CFOs in various sectors who are responsible for lease management and compliance with financial reporting standards.

What are the main features of LeaseQuerys products/services?

Key features of LeaseQuery include lease data management, automatic calculations of lease liabilities and right-of-use assets, comprehensive reporting tools, compliance tracking, and integration capabilities with other accounting software.

How does LeaseQuery compare to its competitors?

LeaseQuery is often noted for its user-friendly interface, robust reporting capabilities, and strong customer support compared to other lease accounting software solutions. It is specifically designed to meet the needs of businesses complying with lease accounting standards.

Is LeaseQuerys platform easy to use?

Yes, LeaseQuery is designed with user experience in mind, featuring an intuitive interface that allows users to navigate the platform easily. Most users report a smooth learning curve when adopting the software.

How easy is it to set up LeaseQuerys product or service?

Setting up LeaseQuery typically involves initial data import and configuration, which is facilitated by their implementation team. Most users find the setup process manageable with the provided support.

Is LeaseQuery reliable?

LeaseQuery has established a reputation for reliability within the industry, with an emphasis on uptime and data integrity. The software is built to ensure compliance with various accounting standards and is regularly updated.

Does LeaseQuery offer customer support?

Yes, LeaseQuery offers customer support, including online resources, a help centre, and dedicated support teams to assist users with any queries or issues they may encounter.

How secure is LeaseQuery’s platform?

LeaseQuery prioritises data security and employs various measures, including encryption, regular security audits, and compliance with industry standards to protect user data.

Does LeaseQuery integrate with other tools or platforms?

Yes, LeaseQuery offers integration capabilities with several accounting systems and enterprise resource planning (ERP) solutions to streamline data management and reporting processes.

Can I use LeaseQuery on mobile devices?

LeaseQuery is primarily a web-based application, but it can be accessed on mobile devices through a web browser. However, there may not be a dedicated mobile app available at this time.

What do users say about LeaseQuery?

Users generally praise LeaseQuery for its comprehensive features, ease of use, and excellent customer support. However, some users have mentioned the need for additional reporting customisation options.

What are the pros and cons of LeaseQuery?

Pros: User-friendly interface, robust compliance features, strong customer support. Cons: Limited customisation in reporting and potential higher costs for smaller businesses.

How can I purchase LeaseQuery’s services?

Interested customers can purchase LeaseQuerys services by contacting their sales team through the website or by signing up for a free trial, which will provide further information on subscription plans.

What is the cancellation or refund policy for LeaseQuery?

LeaseQuery typically requires a notice period for cancellation. Detailed information regarding refunds and cancellation policies can be obtained by contacting their customer service team.

Who uses LeaseQuery?

LeaseQuery is used by finance teams, accounting professionals, and lease management personnel across various industries, ensuring compliance with lease accounting standards.

What are the common use cases for LeaseQuery?

Common use cases include managing lease portfolios, ensuring compliance with accounting standards, generating reports for financial audits, and automating lease payment calculations.

Why choose LeaseQuery over other options?

Choosing LeaseQuery may be beneficial for organisations seeking a specialised lease accounting solution that offers comprehensive compliance features, ease of use, and strong customer support tailored to the needs of finance professionals.

How easy is it to set up LeaseQuery?

Setting up LeaseQuery is designed to be straightforward, with support provided during the initial setup to help users import their data and configure the software effectively.

Does LeaseQuery offer training or tutorials?

Yes, LeaseQuery offers training resources, including tutorials and instructional materials, to help users maximise the platform’s capabilities and ensure they can navigate the software effectively.

What languages does LeaseQuery support?

LeaseQuery primarily supports English. For specific language needs, it is advisable to contact their support team for further information.

What problems does LeaseQuery solve?

LeaseQuery addresses challenges related to lease compliance, data management, and reporting, helping organisations manage their lease obligations efficiently while adhering to accounting standards.

Is LeaseQuery worth the investment?

Many users find LeaseQuery to be a valuable investment due to its comprehensive features and the ease it brings to lease management and compliance, ultimately saving time and reducing the risk of errors.