{"id":9959,"date":"2025-05-22T10:49:19","date_gmt":"2025-05-22T14:49:19","guid":{"rendered":"https:\/\/visuallease.com\/?p=9959"},"modified":"2025-05-22T17:42:32","modified_gmt":"2025-05-22T21:42:32","slug":"the-system-thats-easy-to-switch-to","status":"publish","type":"post","link":"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/","title":{"rendered":"The System That\u2019s Easy to Switch To: Introducing New Solutions to make Migrating to Visual Lease even Easier"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Lease_Accounting_Software_%E2%80%93_Why_companies_are_switching_solutions\" >Lease Accounting Software \u2013 Why companies are switching solutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Its_Easy_to_Start_Fresh_in_Visual_Lease\" >It\u2019s Easy to Start Fresh in Visual Lease<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Introducing_Document_Manager\" >Introducing Document Manager<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Introducing_Point-in-Time_Transfer\" >Introducing Point-in-Time Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Accelerated_Implementations_in_Visual_Lease\" >Accelerated Implementations in Visual Lease<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Explore_how_we_integrate_with_your_tech_stack_%E2%86%92_%E2%80%94\" >Explore how we integrate with your tech stack \u2192 &#8212;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#See_what_goes_into_making_the_switch_%E2%86%92\" >See what goes into making the switch \u2192<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/visuallease.com\/the-system-thats-easy-to-switch-to\/#Request_a_meeting_with_our_team_%E2%86%92\" >Request a meeting with our team \u2192\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]\n<p style=\"text-align: center\"><img decoding=\"async\" class=\"aligncenter wp-image-9960 size-full\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/PITT-Blog_LinkedIn.jpg\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/PITT-Blog_LinkedIn.jpg 1200w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/PITT-Blog_LinkedIn-300x157.jpg 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/PITT-Blog_LinkedIn-1024x536.jpg 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/PITT-Blog_LinkedIn-768x402.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lease_Accounting_Software_%E2%80%93_Why_companies_are_switching_solutions\"><\/span>Lease Accounting Software \u2013 Why companies are switching solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The transition to the new lease accounting standards brought leases into focus for the office of finance, often for the first time \u2013 and it was a huge project to take on. Many companies selected a lease accounting solution under the pressure of a looming reporting requirement and now, several years later, are running into system limitations and accounting challenges that add up over time \u2013 and get in the way as they look to get more from their lease portfolio.<\/p>\n<p><strong>We usually see companies looking to switch for a few reasons:<\/strong><\/p>\n<ul>\n<li><strong>They discovered their existing software applied accounting treatments improperly<\/strong>, resulting in incorrect entries, account balances or disclosures<\/li>\n<li><strong>They\u2019re tired of wasting time on inefficient workflows and workarounds<\/strong> outside the system to prepare things like roll forward reports and disclosures<\/li>\n<li><strong>They\u2019re looking to analyze their entire lease portfolio in one system of record \u2013 including non-material assets &#8211;<\/strong> not just for compliance purposes, but for better financial and operational decisions. Some lease accounting-focused systems manage non-material assets separately, making it hard to get the full picture.<\/li>\n<li><strong>They\u2019re looking for their solution to do more than just lease accounting and compliance.<\/strong> Beyond dates and dollars, companies are now looking to manage and optimize obligations, risk, costs and other key metrics and workflows \u2013 including sustainability metrics and climate impact with new global sustainability reporting requirements. That requires tools built to handle the complexities of lease information and workflows and the flexibility to make those tools work for the unique needs of your business.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Its_Easy_to_Start_Fresh_in_Visual_Lease\"><\/span>It\u2019s Easy to Start Fresh in Visual Lease<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We&#8217;ve helped hundreds of companies over the years make the switch to Visual Lease, both from spreadsheets and other solutions in the market. <strong>There\u2019s two top challenges that clients consistently tell us are the hardest part:<\/strong><\/p>\n<ul>\n<li><strong>Importing (and usually, organizing) documents<\/strong> \u2013 not just lease agreements and addendums, but things like floor plans, insurance certificates, service contracts, utility bills and more. Most of our clients have at least a few documents they want to reference for each lease \u2013 and that gets cumbersome to manage the bigger the portfolio<\/li>\n<li><strong>Migrating (and often correcting) account balances<\/strong> and lease accounting schedules<\/li>\n<\/ul>\n<p>We\u2019ve launched two new solutions to tackle them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introducing_Document_Manager\"><\/span><strong>Introducing Document Manager <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Document Manager makes it easy to upload and manage documents across your portfolio, allowing users to upload leases, insurance certifications, service contracts, floor plans \u2013 and anything else you need to reference to run your portfolio.<\/p>\n<p>With document manager, you can upload hundreds of files at a time, organize them centrally, and associate them to lease records all in one place.<\/p>\n<p><strong><img decoding=\"async\" class=\"wp-image-9961 aligncenter\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management-300x166.png\" alt=\"VL Document Management\" width=\"655\" height=\"362\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management-300x166.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management-1024x567.png 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management-768x425.png 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management-1536x851.png 1536w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Document-Management.png 1849w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><\/strong><\/p>\n<p>This is already saving customers time \u2013 and not just during implementation. One client, a Fortune 500 Company, said,<\/p>\n<p><strong><em>\u201cBeyond implementation, we\u2019re finding this functionality very useful for our lease abstraction workflow. As we onboard our external lease abstraction firm, this allows us to save time uploading, organizing, and assigning all our relevant documents and collaborate with our abstractors without needing to provide them access to our internal databases.\u201d<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introducing_Point-in-Time_Transfer\"><\/span><strong>Introducing Point-in-Time Transfer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For companies migrating to Visual Lease from excel or an existing solution, we have two new ways to build out their schedules from the time they move to VL rather than the commencement date of their lease. That means there\u2019s no need to rebuild historical accounting scenarios \u2013 simply import your lease details, enter your account balances, determine your discount rate and specify the financial entry treatment and start fresh in Visual Lease.<\/p>\n<ul>\n<li>For bulk uploads, the <strong>Account Balance Import Template<\/strong> auto-populates lease information and allows users to import all the key data needed to build out lease accounting schedules going forward.<\/li>\n<li><\/li>\n<li>For one-off schedule builds \u2013 or scenarios where users need to create multiple schedules on a single lease record, a new UI wizard guides users through each step, ensuring a smooth transition.<\/li>\n<\/ul>\n<p>Both tools give users the option to <strong>automatically generate a true-up entry<\/strong> in the cases where discrepancies show up in liability calculations resulting in a hanging balance. The UI wizard even allows customers to preview the hanging balance, giving users the option to make an informed decision before generating the true-up entry.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-9963 aligncenter\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer-300x166.png\" alt=\"VL-Transfer\" width=\"729\" height=\"404\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer-300x166.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer-1024x568.png 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer-768x426.png 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer-1536x852.png 1536w, https:\/\/visuallease.com\/wp-content\/uploads\/2025\/05\/Transfer.png 1729w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accelerated_Implementations_in_Visual_Lease\"><\/span><strong>Accelerated Implementations in Visual Lease<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Migrating to a new lease accounting software can seem daunting, especially with a large portfolio and lots of active leases. But Visual Lease makes the process as painless as possible with powerful automation, dedicated implementation support, award-winning customer success resources and a global network of certified implementation, advisory, and accounting partners to ensure your system migration is successful.<\/p>\n<p><strong>Just getting started?\u00a0Explore how our software integrates with your existing systems and discover the possibilities.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Explore_how_we_integrate_with_your_tech_stack_%E2%86%92_%E2%80%94\"><\/span><a href=\"https:\/\/visuallease.com\/integrations\/\">Explore how we integrate with your tech stack \u2192<\/a> &#8212;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Weighing your options?<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"See_what_goes_into_making_the_switch_%E2%86%92\"><\/span><a href=\"https:\/\/visuallease.com\/switch\/\">See what goes into making the switch \u2192<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ready to move?\u00a0Get in touch with our team to discuss your specific needs and start your seamless transition.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Request_a_meeting_with_our_team_%E2%86%92\"><\/span><a href=\"https:\/\/visuallease.com\/request-demo\/\">Request a meeting with our team \u2192\u00a0<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text] Lease Accounting Software \u2013 Why companies are switching solutions The transition&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[170,109,184],"tags":[215,285],"company_size":[],"company_portfolio_size":[],"company_industry":[],"case_study_topic":[],"class_list":["post-9959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lease-accounting","category-lease-administration","category-lease-management","tag-lease-accounting","tag-lease-audit"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/9959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/comments?post=9959"}],"version-history":[{"count":0,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/9959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media\/9960"}],"wp:attachment":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media?parent=9959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/categories?post=9959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/tags?post=9959"},{"taxonomy":"company_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_size?post=9959"},{"taxonomy":"company_portfolio_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_portfolio_size?post=9959"},{"taxonomy":"company_industry","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_industry?post=9959"},{"taxonomy":"case_study_topic","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/case_study_topic?post=9959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}