About Accruent Portfolio Center

Lease accounting rules turned a filing-cabinet task into a compliance task. Accruent Portfolio Center is the lease administration product from Accruent, a software company working in facilities and real estate, and it is used to hold lease portfolios and agreements in one system while keeping up with the accounting standards that apply to them.

Managing leases in one system

The product is described as lease administration software for managing lease portfolios and agreements and simplifying regulatory compliance. It keeps a register of lease agreements across a whole portfolio and follows each one, and the company says it supports informed decisions about leases and contracts as well as compliance with them. Lease and contract information is held in one place instead of scattered across spreadsheets and folders.

Accounting standards

Accruent highlights FASB lease accounting, saying the software lets organizations demonstrate ongoing compliance for all their leases and reduce the risk of non-compliance. It also names GASB and IASB standards among those it addresses. For public bodies, it says the product reduces risk, takes over much of the GASB compliance work and makes lease administration easier for municipalities.

Part of a wider portfolio

Accruent presents Portfolio Center within a larger real estate family that also covers market planning and site selection, full real estate transaction management, and project management for telecom infrastructure. Beyond real estate, the company's current site lists workplace tools for desk, room and event scheduling, engineering document management, maintenance management (CMMS), and IoT-based energy monitoring and control. It describes the overall aim as optimizing the lifecycle of assets and facilities with connected workflows and data-backed insight across the built environment, and says more than 5,000 organizations use its products.

Who it addresses

Lease portfolio owners such as corporate real estate teams, retailers and local governments fit the description on the product pages, since the same lease tools appear under both corporate and municipal use. Teams that need to identify inefficiencies and understand the entire real estate lifecycle can combine it with Accruent's other real estate and integrated workplace management tools.

TrustList summary

Accruent Portfolio Center is a lease administration product from Accruent, the facilities and real estate software company. It helps organisations hold their lease portfolios and agreements in one system and keep up with accounting rules for leases.

Features

Lease administration: records and tracks lease agreements across a portfolio.
Lease accounting: supports ongoing compliance with FASB lease standards.
Public-sector compliance: automates GASB compliance work and simplifies lease administration for municipalities.
Contract oversight: helps users stay compliant and decide using lease and contract information.