FinQuery
FinQuery is a specialized financial contract management platform that helps you gain complete visibility and control over your organization's leases, software subscriptions, and complex financial obligations.
Lumos
Lumos is an identity governance platform that helps you manage software access, automate employee onboarding and offboarding, and reduce SaaS spending through a centralized self-service app store interface.
Quick Comparison
| Feature | FinQuery | Lumos |
|---|---|---|
| Website | finquery.com | lumos.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2011 | 2021 |
| Headquarters | Atlanta, USA | San Francisco, USA |
Overview
FinQuery
FinQuery, formerly known as LeaseQuery, helps you manage your organization's largest areas of spend by centralizing complex financial contracts in one place. You can move away from error-prone spreadsheets and automate the accounting for leases, software subscriptions, and other recurring liabilities. The platform ensures you stay compliant with major accounting standards like FASB, IASB, and GASB while providing real-time insights into your financial obligations.
Beyond simple tracking, you can use the platform to optimize your vendor spend and prevent unnecessary renewals. It serves finance and accounting teams across various industries, helping you reduce audit risks and improve budget accuracy. Whether you are managing a handful of high-value leases or thousands of software seats, the system provides the specialized tools you need to maintain financial integrity.
Lumos
Lumos is an identity governance platform designed to help you manage the modern sprawl of SaaS applications and cloud permissions. Instead of manually tracking who has access to what, you can create a self-service internal app store where employees request access to the tools they need. This approach eliminates the friction of traditional ticketing systems while ensuring your IT and security teams maintain full visibility and control over every license in your stack.
You can automate complex workflows like employee onboarding and offboarding to ensure access is granted or revoked instantly across all platforms. The software also helps you identify unused or underutilized licenses, allowing you to reclaim seats and cut unnecessary software costs. It is particularly effective for mid-market and enterprise companies looking to bridge the gap between employee productivity and strict security compliance requirements.
Overview
FinQuery Features
- Lease Accounting Automation Generate accurate journal entries and disclosure reports automatically to comply with ASC 842, IFRS 16, and GASB 87 standards.
- SaaS Spend Management Identify underutilized software licenses and shadow IT so you can eliminate waste and negotiate better contract terms.
- Automated Notifications Receive proactive alerts for upcoming critical dates like lease expirations and software renewals to avoid costly automatic extensions.
- Centralized Contract Repository Store all your financial contracts in one secure location with advanced search capabilities to find key terms instantly.
- Audit-Ready Reporting Build comprehensive financial reports and audit trails that give your auditors exactly what they need without manual effort.
- Vendor Management Track performance and spend across all your vendors to consolidate your purchasing power and improve your bottom line.
Lumos Features
- Self-Service App Store. Give your employees a branded portal to request software access, reducing IT tickets and speeding up software delivery.
- Automated Offboarding. Revoke access to all SaaS applications and cloud accounts instantly when an employee leaves to prevent security gaps.
- License Optimization. Identify inactive accounts and underutilized licenses so you can reclaim seats and reduce your monthly SaaS spend.
- Access Reviews. Run automated user access reviews to ensure your team members only have the permissions they actually need for work.
- Shadow IT Discovery. Uncover unauthorized applications being used across your organization to bring them under official management and security protocols.
- Multi-Stage Approvals. Configure custom approval chains for sensitive applications to ensure the right stakeholders sign off on high-risk access.
Pricing Comparison
FinQuery Pricing
Lumos Pricing
Pros & Cons
FinQuery
Pros
- Simplifies complex lease accounting transitions and compliance
- Excellent reporting capabilities for internal and external audits
- Intuitive interface makes navigating contract data easy
- Responsive customer support team with deep accounting expertise
Cons
- Initial data implementation can be time-consuming
- Custom pricing may be high for very small portfolios
- Occasional learning curve for advanced reporting filters
Lumos
Pros
- Streamlines the employee onboarding experience significantly
- Reduces IT ticket volume through self-service requests
- Provides deep visibility into granular app permissions
- Intuitive interface makes it easy for non-technical users
- Strong integration library for popular SaaS tools
Cons
- Initial setup of complex workflows takes time
- Custom pricing may be high for smaller startups
- Requires consistent maintenance of approval workflows