Number of Seats/Users: Visual Lease offers discounts based on the number of users or seats. A higher volume typically leads to a better discount structure, especially for enterprise-level usage.

Commitment to a Long-Term Contract: Discounts are often provided to companies that commit to using the service for a longer period (e.g., 1-year or 3-year contracts). A longer commitment shows Visual Lease that the company is serious and willing to invest in the platform long-term.

No Active Discounts: Companies that are not already receiving other active discounts may have a better chance of qualifying for additional discounts from Visual Lease. Visual Lease reserves discounts for new customers or those not currently under promotional pricing.

Volume or Usage Commitment: Visual Lease offers discounts if you agree to a minimum amount of usage or transaction volume. This could be based on data storage, transactions, or other metrics tied to how much you will use the platform.

Enterprise-Level Negotiation: Companies that qualify as “enterprise” due to their size or complexity (e.g., having large teams, multiple departments, or geographical presence) may be eligible for additional discounts from Visual Lease. Such companies are often in a position to negotiate for better pricing.

Early Renewal or Prepayment: Visual Lease often offers discounts if you renew early or prepay for the entire contract period. This is a common approach to securing a lower price.

Our internal data shows that Spendbase clients value the overall simplicity and efficiency of Visual Lease. Many clients have shared how the platform streamlines lease management by providing robust reporting, automated journal entries, and seamless integration between lease administration and accounting. Here are some key insights gathered from our analysis:

What clients like:
• Easy-to-use interface: Clients appreciate how intuitive the system is, with clear reporting functions that allow them to quickly generate and export data.
• Reporting and compliance: The ability to produce reports that meet FASB, IFRS, GASB and ASC 842 standards is a major plus. Clients note that the reporting tools save time, enhance financial accuracy, and simplify audit processes.
• Integration and data accessibility: Several Spendbase clients have mentioned the smooth transition from previous systems to Visual Lease. The integration between leasing and accounting functions and the availability of real-time, accurate data prove valuable.
• Customer support and training: Many clients highlight responsive customer service and helpful resource materials (including training videos) that significantly reduce the learning curve.

Areas for improvement:
• Document management: Some clients have experienced issues with uploading lease files directly to the system, at times requiring manual workarounds such as linking to external file paths.
• Customization and ad hoc reporting: A few Spendbase clients pointed out challenges with setting up custom fields and ad hoc reports. They feel that with more customized options and simplified filtering, their experience would improve.
• Additional features: While the core lease management functions are solid, some clients noted that extra features (like project management and workflow for reminders) could be further refined.
• Regional focus: For international clients, especially in the UK, the system’s US-centric design and terminology have created minor friction. Enhancing the application to support IFRS 16 more clearly would add value.

Overall, our data indicates that Visual Lease serves as a powerful tool for lease and asset management with standout strengths in reporting and compliance. Addressing the few areas highlighted for improvement could make the experience even more beneficial for all Spendbase clients.