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.
NetLease
NetLease is a specialized lease accounting software built natively on NetSuite to help you automate compliance with ASC 842, IFRS 16, and GASB 87 standards effortlessly.
Quick Comparison
| Feature | FinQuery | NetLease |
|---|---|---|
| Website | finquery.com | netgain.tech |
| 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 | 2017 |
| Headquarters | Atlanta, USA | Boulder, 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.
NetLease
NetLease is a dedicated lease accounting solution designed to simplify the complex transition to modern accounting standards like ASC 842 and IFRS 16. Because it is built natively on the NetSuite platform, you can manage your entire lease portfolio without ever leaving your primary ERP environment. This eliminates the need for manual data entry or external spreadsheets, ensuring your financial data remains synchronized and accurate across your organization.
You can automate the entire lease lifecycle from initial setup and right-of-use asset calculations to monthly journal entries and disclosure reporting. The software handles complex scenarios like lease modifications, terminations, and impairments automatically. By centralizing your lease data, you gain real-time visibility into your obligations and can generate audit-ready reports with a single click, saving your finance team hundreds of hours during year-end audits.
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.
NetLease Features
- Native NetSuite Integration. Manage all your leases directly inside NetSuite to ensure a single source of truth for your financial data.
- Automated Journal Entries. Generate monthly depreciation and interest expense entries automatically to keep your general ledger up to date without manual effort.
- Disclosure Reporting. Produce audit-ready disclosure reports for ASC 842 and IFRS 16 instantly to satisfy your internal and external auditors.
- Lease Modification Tools. Handle complex changes like renewals, terminations, or partial impairments with built-in wizards that recalculate schedules for you.
- Automated Payment Processing. Link your lease schedules directly to accounts payable to automate vendor payments and ensure you never miss a deadline.
- Document Management. Store original lease contracts and supporting documentation directly on the lease record for easy retrieval during audits.
Pricing Comparison
FinQuery Pricing
NetLease 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
NetLease
Pros
- Eliminates manual data entry between systems
- Simplifies complex ASC 842 compliance tasks
- Provides real-time visibility into lease liabilities
- Reduces audit preparation time significantly
Cons
- Requires an existing NetSuite subscription
- Initial setup requires detailed lease data
- Custom pricing requires contacting sales