A cloud-based lease accounting and management software for mid-market companies managing ASC 842 and IFRS 16 compliance. Includes lease abstraction capabilities as part of its lease data onboarding workflow.
Lextract wins 6 of 8 feature categories
Based on features, pricing, and workflow integration
iLeasePro is a lease accounting and management platform designed for mid-market companies navigating ASC 842 and IFRS 16 compliance. It covers the full lease accounting lifecycle: abstracting lease terms, calculating right-of-use assets and lease liabilities, generating journal entries, and producing disclosure reports for financial statements.
Like other accounting-first platforms, iLeasePro includes lease data extraction as part of its onboarding workflow -- you need to get lease data into the system before the accounting engine can do its work. But the extraction step is instrumental to the accounting goal, not the end product.
Lextract extracts structured lease data at $15 per lease with no platform commitment. If your goal is ASC 842 compliance, iLeasePro and similar platforms address that problem. If your goal is accurate structured lease data from PDF documents, Lextract delivers that directly and affordably.
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| Feature | Lextract | iLeasePro | Advantage |
|---|---|---|---|
| Primary Purpose | Standalone AI lease data extraction | ASC 842 / IFRS 16 lease accounting and compliance platform | Tie |
| Lease Data Extraction | 126 structured fields with per-field confidence scores | Lease abstraction focused on accounting-relevant fields for ASC 842 | Lextract |
| ASC 842 Compliance | Extracts the data needed for ASC 842; no accounting engine | Full ASC 842 / IFRS 16 calculations, journal entries, and disclosures | Competitor |
| Pricing Model | $15 per lease; no subscription required | Subscription-based; plans published starting around $150�$500/month | Lextract |
| Red Flag Detection | Automated detection of 20 commercial lease risk patterns | Not a featured capability | Lextract |
| Confidence Scoring | Per-field confidence scores on every extraction | Not a prominently published feature | Lextract |
| Time to First Result | 5�15 minutes; zero onboarding | Account setup and onboarding before first lease is processed | Lextract |
| Data Portability | JSON, Excel, Word, PDF exports for any downstream system | Data managed within iLeasePro; export to spreadsheet available | Lextract |
| Lextract wins 6 of 8 categories | |||
$15 for a single lease. Volume pricing: $65 for 5 leases ($18 each) and $120 for 10 leases ($17 each). No subscription, no implementation fees.
iLeasePro pricing is tiered by lease count and feature set. Entry-level plans for small portfolios start around $150/month; mid-market plans with full ASC 842 features run $500�$1,500+/month. Annual billing typically required.
iLeasePro's subscription cost is reasonable for companies that use it for ongoing ASC 842 compliance across a multi-year period. The economics break down for teams whose only need is accurate lease data -- not accounting journal entries. A $150�$500/month subscription to access an abstraction workflow is significantly more expensive than $15 per lease for the same data output when the accounting functionality goes unused.
CRE professionals, property managers, tenant reps, investors, and any role that needs accurate structured commercial lease data -- without an ASC 842 compliance requirement.
Mid-market corporate accounting and finance teams that need to automate ASC 842 / IFRS 16 lease accounting, including right-of-use asset calculations, journal entries, and financial disclosure reports.
Lextract is the stronger choice for CRE professionals who need accurate structured lease data for due diligence, PMS import, or portfolio review. iLeasePro may make sense for mid-market accounting teams with a genuine ASC 842 compliance need who want a platform between enterprise tools and manual spreadsheets -- but for the majority of professionals who need extraction data, paying a monthly subscription for an accounting engine you do not need is poor economics.
Lextract costs $15 per lease, returns 126 structured fields in minutes, and exports data in formats compatible with any system -- including feeding into an ASC 842 platform like iLeasePro if accounting automation is eventually needed.
A commercial lease is a legally binding contract between a landlord and a business tenant. Learn the key terms, lease types, and critical clauses before you sign.
AI lease abstraction extracts 100+ structured fields from commercial lease PDFs in minutes. Learn how the technology works, what accuracy to expect, and how cost compares to manual services.
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For CRE professionals who need structured, reliable lease data at scale, Lextract delivers more value per dollar than iLeasePro. With 126 curated fields, per-field confidence scores, automated red flag detection, and exports ready for your property management system, Lextract turns lease PDFs into actionable data in 5-15 minutes for $15 per lease.
iLeasePro is a lease accounting and management platform designed for mid-market companies navigating ASC 842 and IFRS 16 compliance. It covers the full lease accounting lifecycle: abstracting lease terms, calculating right-of-use assets and lease liabilities, generating journal entries, and producing disclosure reports for financial statements.
Lextract pricing: $15 for a single lease. Volume pricing: $65 for 5 leases ($18 each) and $120 for 10 leases ($17 each). No subscription, no implementation fees.. iLeasePro pricing: iLeasePro pricing is tiered by lease count and feature set. Entry-level plans for small portfolios start around $150/month; mid-market plans with full ASC 842 features run $500�$1,500+/month. Annual billing typically required.. iLeasePro's subscription cost is reasonable for companies that use it for ongoing ASC 842 compliance across a multi-year period. The economics break down for teams whose only need is accurate lease data -- not accounting journal entries. A $150�$500/month subscription to access an abstraction workflow is significantly more expensive than $15 per lease for the same data output when the accounting functionality goes unused.
Lextract is the stronger choice for CRE professionals who need accurate structured lease data for due diligence, PMS import, or portfolio review. iLeasePro may make sense for mid-market accounting teams with a genuine ASC 842 compliance need who want a platform between enterprise tools and manual spreadsheets -- but for the majority of professionals who need extraction data, paying a monthly subscription for an accounting engine you do not need is poor economics. Lextract costs $15 per lease, returns 126 structured fields in minutes, and exports data in formats compatible with any system -- including feeding into an ASC 842 platform like iLeasePro if accounting automation is eventually needed.
iLeasePro is best for: Mid-market corporate accounting and finance teams that need to automate ASC 842 / IFRS 16 lease accounting, including right-of-use asset calculations, journal entries, and financial disclosure reports.. Lextract is best for: CRE professionals, property managers, tenant reps, investors, and any role that needs accurate structured commercial lease data -- without an ASC 842 compliance requirement..
Upload a commercial lease PDF and get 126 structured fields extracted in 5-15 minutes. $15 per lease, no subscription required.
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