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MDS Explorer VS LeaseQuery

Compare MDS Explorer VS LeaseQuery and see what are their differences

Spacebase
Streamline digital lease management with Spacebase. We offer a simple, modern platform for efficient payment processing, tracking, and compliance. Empower your team to handle leases seamlessly, reduce administrative workload, and boost productivity. featured
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MDS Explorer logo MDS Explorer

MDS is property management software built for the New York real estate market.

LeaseQuery logo LeaseQuery

LeaseQuery is software that helps companies manage their leases and ensures they never overpay rent.
  • MDS Explorer Landing page
    Landing page //
    2022-10-30
  • LeaseQuery Landing page
    Landing page //
    2022-12-28

MDS Explorer features and specs

No features have been listed yet.

LeaseQuery features and specs

  • Compliance
    LeaseQuery assists businesses in maintaining compliance with the latest lease accounting standards like ASC 842, IFRS 16, and GASB 87.
  • Automation
    The platform automates complex lease calculations, reducing the likelihood of human error and saving significant time.
  • Integrations
    LeaseQuery integrates with a variety of ERP systems, enhancing data consistency and simplifying the implementation process.
  • Reporting
    Comprehensive reporting features allow for detailed insights into lease portfolios, providing actionable data for better decision-making.
  • User Friendly
    The interface is intuitive, making it accessible even for users who may not be familiar with complex accounting practices.
  • Customer Support
    The platform provides strong customer support to guide users through setup and ongoing usage, often highlighted positively in reviews.

Possible disadvantages of LeaseQuery

  • Cost
    The pricing can be high, potentially making it less accessible for small businesses or those with limited budgets.
  • Implementation Time
    The initial setup and data migration process can be time-consuming, requiring a significant upfront time investment.
  • Customization
    The software has limited customization options, which might not be ideal for businesses with unique or highly specific needs.
  • Learning Curve
    Despite its user-friendly interface, some users may still experience a steep learning curve, especially those unfamiliar with lease accounting.
  • Feature Limitations
    Some users have reported that certain advanced features they need are either missing or lack the depth they require.

Analysis of LeaseQuery

Overall verdict

  • LeaseQuery is generally considered a good solution for lease accounting, especially for organizations needing compliance with ASC 842, IFRS 16, and GASB 87. Its specialized focus on lease accounting makes it a strong option for companies with complex leasing portfolios.

Why this product is good

  • Features
    LeaseQuery offers robust features, including lease classification tests, amortization schedules, and comprehensive reporting capabilities.
  • Compliance
    It is specifically designed to help organizations ensure compliance with relevant accounting standards, such as ASC 842, IFRS 16, and GASB 87.
  • Ease of use
    LeaseQuery provides a user-friendly interface that simplifies the complexities of lease accounting.

Recommended for

  • Mid-sized to large enterprises with significant lease portfolios
  • Companies seeking compliance with ASC 842, IFRS 16, or GASB 87
  • Finance teams looking for detailed reporting and analytics in lease accounting

MDS Explorer videos

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LeaseQuery videos

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LeaseQuery Review

More videos:

  • Review - LeaseQuery Lease Accounting Software Testimonials

Category Popularity

0-100% (relative to MDS Explorer and LeaseQuery)

MDS Explorer

LeaseQuery

Lease Administration
22 22%
Lease Administration
78% 78
Property Management
33 33%
Property Management
67% 67
Accounting
22 22%
Accounting
78% 78
Asset Finance
33 33%
Asset Finance
67% 67

User comments

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Social recommendations and mentions

Based on our record, LeaseQuery seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

MDS Explorer mentions (0)

We have not tracked any mentions of MDS Explorer yet. Tracking of MDS Explorer recommendations started around Mar 2021.

LeaseQuery mentions (1)

  • The truth about the new lease standards
    Hopefully ours! https://leasequery.com/. Source: over 3 years ago

What are some alternatives?

When comparing MDS Explorer and LeaseQuery, you can also consider the following products

AMTdirect - #1 Software for Commercial Real Estate Management Online!

Visual Lease - Visual Lease is a comprehensive, powerful and easy-to-use lease administration software solution that enables you to easily control and report on your leases and other critical real estate information.

LeaseEagle - LeaseEagle is an software solution that delivers a centralized administration and reporting platform for the management of leasehold real estate assets.

ProLease - ProLease helps organizations manage their leased, owned and subleased properties in one integrated system.

RentMaster - RentMaster Property Management Software for landlords and property managers.

Property Works - Property Works provides lease administration services and software in a single-point approach.

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