The best alternative to Accruent Lucernex—Nakisa Lease Management
Discover the key differences between Lucernex and Nakisa’s lease management software to confidently choose the best solution for your large enterprise.
How does Nakisa Lease Management compare to Lucernex by Accruent?
Both solutions help enterprises manage real estate portfolios and stay compliant with IFRS16, ASC 842, and GASB 87. Both solutions are also part of larger portfolios of software that handle many other enteprise challenges. But you need to understand the crucial differences between Nakisa and Lucernex’s software. That’ll help you see why Nakisa is your best choice.
Nakisa has a 100% cloud-native, purpose-built lease management solution with unique features, powerful ERP integrations, and global reach. Its lease management products also work seamlessly with its accounting products to streamline lessor and lessee accounting. Every software portfolio from Nakisa is designed for agile deployment in very large, global enterprises.
Lucernex is part of a large, acquired stack of disparate solutions. Its lease management capabilities sit alongside solutions made for Computerized Maintenance Management (CMMS), engineering drawing management, and other uses, and require long deployment cycles with considerable customization.
See why Nakisa is the best Lucernex alternative
PURPOSE-BUILT
Leverage powerful real estate management functionalities
Lucernex is one of many solutions acquired by Accruent; its features require work to be deployed and integrated across disparate platforms and systems. Nakisa has been building software to solve enterprise real estate management and lease management challenges for years. We organically develop features that meet evolving client needs and have built our software on top of our own Nakisa Cloud Platform, a secure, modern architecture that scales with growth. Our microservice containerization allows us to continuously deliver functionality and innovation in a cohesive stack, allowing us to offer a powerful yet intuitive end-to-end solution with market-leading features.
Nakisa clients benefit from a centralized, automated lease management solution that easily handles complex leased, sub-leased, and owned assets via automated percentage rent calculations, CAM reconciliation, CPI indexation, AP/AR management, out-of-the-box and ad-hoc reports, dashboards, multi-currency support, and more.
We migrated very successfully from fairly outdated software thanks to the efforts of the Nakisa Real Estate team taking the time to understand how our existing database worked along with our business process and needs. This product was definitely designed with a clear understanding of the industry.
Maria Tassou
Real Estate Lease Administrator at LCBO
Maria Tassou
Real Estate Lease Administrator at LCBO
INTEGRATIONS
Save time and eliminate errors with Nakisa's native bidirectional integrations
Nakisa software has more integrations than Lucernex, including native SAP and Oracle integrations that allow enterprises to post and synchronize information. Nakisa’s lease management software is part of a portfolio of software designed to work together from the ground up, and allows both lessor and lessee accounting to be streamlined. Lucernex is one of many solutions acquired by Accruent; its features require work to be deployed and integrated across disparate platforms and systems.
Once we went live and got used to the system, it became very easy to integrate with our two SAPs and do SAP postings. Nakisa is very professional in handling two SAPs at the same time, and it gives us flexibility to change the platform easily.
Lyn Kok
Project Lead at NTUC Fairprice
Lyn Kok
Project Lead at NTUC Fairprice
EASE OF USE
Work better using Nakisa’s modern, intuitive user interfaces
Lucernex meets basic requirements, but Nakisa Lease Management was designed from the ground up to be as user-friendly as possible while solving clients’ evolving needs. Nakisa offers a dedicated vendor portal, intuitive UI, and simple configuration options to ensure that Lease Administration teams’ tasks are as streamlined and accurate as possible.
Software is user friendly. Ever since we changed to Nakisa Real Estate management software our work has been simplified and we have easy access to our historical data.
Denis Lefebvre
Senior Property Manager at RONA
Denis Lefebvre
Senior Property Manager at RONA
CONFIGURABLE
Get faster time to value with Nakisa’s fully configurable software
All of Nakisa’s software is configurable from the moment you log in. We avoid custom builds so that every client gets the same functionalities and free upgrades when our Product and R&D teams push out new versions. That’s why users have tons of useful reports and highly flexible analytics to easily handle complex use cases on Day 1. Right out the gate, Nakisa users can configure custom fields, lease determination, and workflows, and handle high contract volumes, diverse asset and area types, irregular calendars, various accounting standards, multiple currencies, CPI indexations, and complex fixed and variable rent calculations.
Lucernex by contrast requires customization for client builds to handle all use cases, and this is one of the contributing factors to its longer deployment cycles.
client-focused
Get a smooth experience from implementation through upgrades with Nakisa
White-glove implementation professional services ensure that Nakisa Lease Management (and every other Nakisa product) is deployed smoothly and quickly so that you can get faster time to value. There’s also no hidden or complicated costs with Nakisa; clients only have to budget and pay once for everything, including our standard bi-annual upgrades. Lucernex has more complicated and longer implementations, requires extensive customization per client (hence longer deployment), and pricing is per feature.
security
Data access and cybersecurity
Besides single sign-on and role-based granular permissions, Nakisa is compliant with SOC 1 Type II and SOC 2 Type II reports and offers detailed audit logging and IT General Controls.
Are you ready to get purpose-built real estate management software ?
Easily switch to Nakisa, the best alternative to Lucernex, offering advanced real estate management features for enterprises. We ensure a fast and easy migration from your previous solution by auditing and validating data alongside your team!
innovation
Nakisa is built on innovative cloud-native technology
Nakisa Real Estate is built on a cloud-native architecture with microservices and state-of-the-art technologies such as Kubernetes, Kafka, and CI/CD framework. Unlike on-prem or cloud-based solutions, Nakisa offers:
- More scalability
Each of the separate microservices can be easily scaled up to perfectly fit your company’s growth needs here and now.
- Innovations & updates
Enjoy the speed of innovations: Two major releases per year and regular updates every 8 weeks. No downtime during the update.
- No data loss
With regular backups, your data will never be lost. Our system is failure-tolerant and protects all your data.
Nakisa is a Lucernex alternative designed for enterprises
Built on independent microservices, Nakisa ensures that the whole system’s uptime is 99,5%. Even in the rare case where one of the microservices experiences a problem, other microservices won’t be affected, nor will the whole system be dragged down. Nakisa is a failure-tolerant and self-healing system – a crucial characteristic for an enterprise-grade solution.
Each Nakisa client has a dedicated Account Manager and a 24/7 support team to answer all questions. We always provide our users with training materials and guides. Also, we have training sessions and webinars to showcase best practices, identify main client pain points, and offer actionable solutions.
Nakisa Real Estate software has an intuitive interface and great configuration capabilities. It is easy to use for both professionals and non-tech-savvy employees. Each user has their own role-based access and permissions so that they use our software in a way that best suits their job. We also offer numerous out-of-the-box reports and dashboards that can be configured to company needs.
Let's discuss how Nakisa can benefit your enterprise
Get a free demo and see firsthand how Nakisa can streamline lease administration and lease accounting for your global company.
Disclaimer: All the information about Lucernex was taken from public sources available such as Lucernex’s website, YouTube page, screenshots, and reviews of real users on software review websites. Feel free to let us know if we missed any information—we are happy to update it!
For more details and updates, please contact the vendor.
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Explore how Nakisa can benefit your business firsthand
Disclaimer: All the information about Lucernex was taken from public sources available such as Lucernex’s website, YouTube page, screenshots, and reviews of real users on software review websites. Feel free to let us know if we missed any information—we are happy to update it!
For more details and updates, please contact the vendor.
