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Why teams switch from Visual Lease to Arvexi
Visual Lease was built before AI existed. Arvexi was built because AI exists. The difference shows in every workflow, from extraction to journal entry.
| Feature | Arvexi | Visual Lease |
|---|---|---|
| AI Document Extraction | AI reads any PDF automatically. No templates | Manual abstraction with optional OCR assist |
| Multi-Standard Support | ASC 842, IFRS 16, GASB 87, GASB 96, FRS 102 simultaneously | ASC 842 and IFRS 16. No GASB 96 |
| Auditor Portal | Dedicated read-only portal for independent audit | Role-based access within main platform |
| Implementation Time | Days. Upload documents, review AI extraction | 3-6 months with professional services engagement |
| AI Agents | Autonomous AI agent with 38+ accounting tools | No AI agent. Rules-based automation only |
| API-First Architecture | Full RESTful API. Every feature accessible | Limited API. Primarily batch import/export |
| Platform Age | Built 2025. AI-native architecture | Founded 2013. Pre-AI architecture with AI features added |
| Ownership | Independent, focused on lease accounting | Acquired by CoStar Group in 2024 |
AI sprinkled on is not AI-native
Visual Lease was founded in 2013, when the state of the art in document processing was OCR and keyword matching. The platform was designed around manual lease abstraction: trained analysts reading documents and entering data into structured fields.
In recent years, Visual Lease has added AI features: assisted abstraction, automated field suggestions, workflow automation. These are improvements, and they work. But they're features added to an architecture designed for manual processes.
Arvexi's architecture assumes AI does the work and humans review it. That's a fundamentally different design decision that affects everything: data models, user interfaces, workflow engines, and validation systems. You can add AI to a manual platform, but you can't un-design the manual assumption.
The acquisition question
When CoStar acquired Visual Lease in 2024, it gained a mature lease accounting platform with a large customer base. For existing Visual Lease customers, the question is: what does the future look like?
CoStar is a $35B real estate data company. Visual Lease's lease accounting capabilities serve CoStar's broader strategy, but lease accounting is one product among many competing for development resources. Feature requests, roadmap priorities, and engineering talent allocation are now determined by CoStar's leadership.
Arvexi is independent and focused. Our roadmap is driven entirely by lease accounting customers. When we ship AI improvements, they go directly to the lease accounting platform, not filtered through a multi-product portfolio strategy.
Reporting strength, extraction weakness
Visual Lease built strong reporting capabilities. Disclosure checklists, rollforward schedules, and compliance dashboards are well-designed and widely used. That reporting heritage is real value.
But reporting is only as good as the data that feeds it. Visual Lease's data entry process (manual abstraction, optional OCR, field-by-field review) creates a bottleneck that reporting can't solve. Getting 500 leases into the system accurately takes weeks of professional services.
Arvexi's Document Intelligence extracts lease data at portfolio scale, then feeds it directly into the same quality of reporting outputs. The reporting is equivalent. The difference is how the data gets there.
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