NetLease Discount - Up to 45% off

NetLease helps businesses manage lease accounting & automate compliance to ASC 842 & IFRS 16 in an ERP-agnostic or native NetSuite app

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What is NetLease?


NetLease is a lease accounting software designed to help businesses comply with standards like ASC 842, IFRS 16, and GASB 87. It automates lease amortization schedules, journal entries, and financial reporting, reducing manual work and errors. Key features include centralized lease portfolio management, real-time dashboards for lease visibility, and seamless integration with NetSuite for efficient workflows. NetLease also offers audit-ready financial reporting and supports lease modifications and early terminations, ensuring comprehensive lease management throughout the lease lifecycle.

  1. Native NetSuite integration plus ERP-agnostic
  2. Automated journal entries to general ledger
  3. Automatic lease amortization schedules and calculations
  4. Built-in ASC 842 / IFRS compliance
  5. Robust, customizable reporting and financial disclosures
  6. Bulk lease imports, updates, lifecycle management

Eligibility


Number of Seats/Users: NetLease 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 NetLease 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 NetLease. NetLease reserves discounts for new customers or those not currently under promotional pricing.

Volume or Usage Commitment: NetLease 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 NetLease. Such companies are often in a position to negotiate for better pricing.

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

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NetLease - Up to 45% off

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Reviews


Here at Spendbase our internal data shows that NetLease tends to deliver very strong value for finance teams, especially those on NetSuite.

Overall sentiment
– Almost all Spendbase clients rate NetLease at the top of their internal scales.
– The most common theme is “peace of mind” around ASC 842/IFRS-style lease accounting and audits.

Key strengths our clients highlight

1) Automation & time savings
– Lease schedules, ROU/interest amortization, and monthly journal entries are generated automatically.
– Teams are moving from large, error‑prone Excel files to a one‑click month‑end process.
– This is especially impactful for portfolios from 10 up to 150+ leases.

2) Deep NetSuite alignment
– Many clients chose NetLease specifically because it is native/embedded in NetSuite.
– No separate integration to maintain, journal entries post directly to the general ledger, and lease data lives in the same system as the rest of accounting.

3) Compliance & audit readiness
– Built‑in support for ASC 842 (plus transition from 840) is a major driver.
– Standard reports are widely used for financial statement footnotes, rollforwards, and audit support.
– Clients appreciate that the NetLease team understands the accounting rules, not just the software.

4) Implementation & support
– Implementation is usually described as “smooth” or “straightforward,” though clients note they must invest time upfront in gathering lease data.
– Support is consistently called out as fast, knowledgeable, and willing to go above and beyond.

Common pain points to be aware of

Our internal data also shows several recurring friction areas:

  • Reporting customization:
  • Out‑of‑the‑box reports are good, but some clients want more flexible, pre‑built reconciliations and email‑ready automated reports.
  • Correcting data / commenced leases:
  • Fixing mistakes after a lease is set to commenced can be tricky and may require workarounds.
  • Feature coverage:
  • Gaps mentioned include: financing subleases, some IFRS‑specific scenarios, more flexible billing date options, and non‑lease payment handling in the base package.
  • Implementation effort:
  • Calendar time can stretch to a few months, largely driven by internal procrastination and the heavy lift of contract review.

From a Spendbase cost‑optimization angle, NetLease generally pays off through reduced manual effort, lower error risk, and smoother audits—especially for NetSuite shops planning or maintaining ASC 842 compliance.

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Beyond discounts, you may qualify for up to $100K in AWS credits.

FAQ


1. What is NetLease?

NetLease is a lease management tool designed to help businesses comply with ASC 842, IFRS 16, and GASB 87 standards.

2. How does NetLease handle lease modifications?

NetLease supports lease modifications by allowing updates to the Right-of-Use asset balance, reflecting additional financial activities.

3. Can NetLease calculate the rate implicit in a lease?

Yes, NetLease includes a feature to calculate the rate implicit in a lease directly from the lease record.

4. What are the benefits of using NetLease?

NetLease offers full lease automation, integrated AP management, robust audit trails, and compliance with accounting standards.

5. Does NetLease support accounting for lease incentives?

Yes, NetLease allows inclusion of lease incentives as part of lease modifications, updating the ROU asset balance accordingly.

6. How does NetLease handle initial direct costs?

NetLease enables users to include initial direct costs in lease modifications, updating the ROU asset balance to reflect these costs.

7. Is NetLease integrated within NetSuite?

Yes, NetLease is built for NetSuite, providing a single solution with real-time visibility and direct links between lease liabilities and ROU assets.

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