LeaseCrunch alternative for lease abstraction: Crunchafi compared, field by field

Yes. LeaseCrunch rebranded to Crunchafi on June 25, 2025. Same company, same products, and the vendor stated the offering and pricing were unchanged by the name. Search results still split between both names, which is why review sites list it as "Crunchafi Lease Accounting (formerly LeaseCrunch)" and why older pricing pages and case studies live under the old brand.

Two other pieces of company history matter when you are evaluating. In November 2024, then still LeaseCrunch, the company acquired Finagraph and with it Strongbox, which is the basis of the separate Data Extraction product it sells alongside lease accounting. And in November 2025 it announced AI Lease Abstraction inside the lease accounting product. So when someone says "Crunchafi does extraction," ask which product they mean: the Data Extraction line and the AI abstraction feature in the lease accounting product are not the same thing.

Crunchafi Lease Accounting is cloud software built for CPA firms, companies, and government entities to automate the deliverables required under FASB ASC 842, IFRS 16, and GASB 87, 94, and 96. It classifies leases, runs the measurement, generates amortization schedules and journal entries, and produces audit-ready reports and disclosures. Its dual access model lets a firm and its client work in the same file, which is the feature that made it popular in public accounting: one login shape for hundreds of small client engagements.

Its AI Lease Abstraction feature, announced November 4, 2025, reads a lease contract and pulls key details such as the lease term, the start and end dates, and asset information, so the accountant is not typing them. The company framed it as removing minutes of data entry per lease. That is a real improvement to the accounting workflow, and it is scoped to the accounting workflow. Nothing about it is aimed at the lease administrator who needs to know when the renewal notice is due or whether the CAM cap is cumulative.

These are complements more often than substitutes. The comparison that matters is what each one leaves you holding.

Where Crunchafi wins, plainly: if you have to file, it does the work we do not. We produce no journal entries, no roll-forward, and no footnote disclosure. For a CPA firm running ASC 842 for eighty clients, its dual access model and audit-ready output are the reason it exists, and no abstraction tool replaces that. Our FinQuery comparison covers the same accounting-versus-abstraction split at enterprise scale.

Crunchafi does not publish a rate card. Its own pricing page states that lease accounting is priced per lease per year and routes you to sales for the number, and the separate Data Extraction product is quote-only as well. Practically that means cost scales with lease count and is committed annually, with implementation and support bundled into the relationship rather than itemized publicly. Any specific dollar figure you find on a review site is a third-party estimate, so treat it as one and get a written quote.

Two things are worth pricing separately in that quote. First, the software that calculates. Second, the labor of getting several hundred leases into it accurately, which is abstraction and is priced on its own whether you do it in-house, buy it as a service, or run it through a tool. Published 2026 market ranges put outsourced abstraction at roughly $25 to $100 per lease for offshore and technology-assisted work, and materially higher for US-based full-service abstraction with senior review. Our lease abstraction cost guide breaks down what drives those numbers, and the AI versus offshore comparison covers the speed and control tradeoff.

An abstraction feature built to feed a subledger extracts what the measurement needs. That is a legitimate scope, and it is roughly a quarter of what a working lease abstract holds. Here is what the rest of the business asks for within a week of go-live:

The two rows that cause the most rework are the option notice dates and the recovery structure. An option keyed without its notice window is an option somebody eventually misses, which is the point of a critical dates register. And a recovery clause abstracted as plain net when the lease actually carries a cumulative cap on controllable expenses produces a true-up that gets disputed, which our CAM and operating expense extraction page and the CAM caps guide both cover.

The setup that works for firms already committed to Crunchafi is simple. Abstract first, then post.

Upload the executed lease with every amendment. The AI reads the full document set and fills a structured abstract where each value links to the page and clause behind it, with a confidence score showing where to look first. A reviewer confirms or corrects, which takes fifteen to thirty minutes rather than a re-read, then exports to Excel or CSV. The measurement inputs go into Crunchafi for the schedules. The administration fields, the option dates, the recovery terms, and the clause summary stay in your own file where property management, legal, and whoever runs the reconciliations can use them.

The side benefit shows up during the audit. When a reviewer samples twenty leases and asks where the commencement date came from, a source-linked abstract answers in a click instead of a file search. That is also why teams that abstract once tend to keep the exported abstracts even after changing platforms: the data is yours, not a view inside someone else's subscription. If you also need the accounting inputs listed out in full, see our ASC 842 lease data extraction page, and for the incentive that trips up most schedules, the TI allowance accounting guide.

Run the same test on both tools with your own worst document, not a demo lease:

• Use a messy file. A scanned original with three amendments and a handwritten exhibit. Extraction claims break there, not on a clean template.
• Ask what happens to the fields you did not get. If the abstraction feature returns term and dates, who keys the recovery structure and the option notice windows, and how long does that take per lease?
• Check verification. Can you click a value and land on the clause, or do you reopen the PDF to trust it?
• Check the exit. Can you export a file you keep? Lease data that only exists inside a subscription is a renewal argument you will lose later.
• Price the labor, not just the license. At volume, review time costs more than software. Multiply the per-lease review minutes by your portfolio before comparing subscription numbers.

Still building a shortlist? Start with the lease abstraction software roundup, or the Visual Lease comparison for the platform-style option.