About EZLease

EZLease provides fast, simple, and easy lease accounting software for ASC 842, GASB 87 and IFRS 16 compliance for lessees and lessors across equipment and real estate assets. With over 15 years of implementations across private, government and public organizations, EZLease manages and automates lease data management and lease accounting and reporting processes, leveraging customer-first support and deep accounting expertise.   Unlike other lease accounting solutions and spreadsheets, EZLease has no implementation costs and guarantees long-term compliance in hours. In addition to the software’s centralized lease database, automated validation, and push-button accounting and disclosures reporting, leases can be loaded and updated in bulk or individually at any time. Our ...
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EZLease User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

4.5

Showing 1 - 5 of 13 reviews

User Profile

Gene

Entercom Communications Corp.

Verified reviewer

Company size: 1,001-5,000 employees

Industry: Broadcast Media

Time used: More than 2 years

Review Source: Capterra

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Reviewed November 2018

EzLease New Standard

We have been an EzLease user for at least 10 years. I am the VP, Treasurer, Contoller and principal accounting officer of the company.

Pros

A significant advantage of using EzLease is the ability to work with one of the representative directly, who has a great understanding of the new lease standard. He has helped us through the implementation process so that we understand what is needed to be compliant. We have between 500 to 1000 leases and we are a large public company. The ability to produce and verify the numbers is paramount to our testing for SOX compliance and with the new auditing reports, we are easily able to reproduce all of the numbers in the report. The software works well for us under the current standard and we just completed our review of the software under the new standard and believe we have everything we need for reporting purposes. In addition, the software is highly cost effective for us.

Cons

A would be nice to have feature, but not a requirement, would be the ability to attach a document (Word, PDF or Excel) to an individual lease record.

Response from Financial Computer Systems

Thanks, Gene, for your review and support. Actually, EZLease does have the ability to attach documents to the lease record. An earlier version could only attach picture files, and perhaps you weren't aware of the upgrade in capabilities.

Replied November 2018

Levi

Installed building Products, Inc

Verified reviewer

Company size: 5,001-10,000 employees

Industry: Construction

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

4

Reviewed May 2021

EZLease Review

Overall good customer service and easy people to deal with.

Pros

The software is easy to use and very user friendly.

Cons

There are a couple of issues when extending/revising a lease, but the developers know about the issue and are working hard to fix the issue. The issue should be resolved on the next update, which is great that they are pushing to resolve the issue asap.

stephen

HWC

Verified reviewer

Company size: 201-500 employees

Industry: Warehousing

Time used: Less than 12 months

Review Source: Capterra

Ease-of-use

4

Value for money

5

Customer support

4

Functionality

3

Reviewed March 2020

EZ leases need

For the price it is well worth it. There is a learning curve involved but as I am very good in excel it make are close very good. I would recommend it to small non public companies.

Pros

The reports are good and nice in excel. The data entry is okay as well.

Cons

It is hard to see how the cash flow is calculated. Also, we had some complicated terminations and I don't think EZ lease calculated the transaction properly. Also, the leases converted from 840 to 842 has some calculation problems. Also there is no SSAE 16. If this was provided, I would actually pay more as it would reduce audit cost.

Response from Financial Computer Systems

Thanks for your comments. SSAE 16 is intended for service organizations; since EZLease is installed software, not a service, SSAE 16 is not applicable. I'm sorry that makes your audit more challenging. If you think some transactions are not calculated correctly, please contact us; we will review the situation and either explain or correct the issue. Accurate accounting is our top priority. Thank you for choosing EZLease.

Replied March 2020

John

Primeline Utility Services

Verified reviewer

Company size: 1,001-5,000 employees

Industry: Construction

Time used: More than 2 years

Review Source: Capterra

Ease-of-use

5

Customer support

5

Functionality

5

Reviewed November 2018

EZLease is the product to manage and track all of your leases.

We have been using EZLease for over four years. In that time EZLease has grown with us as our company has grown. It is very easy to use with very little training to operate. When we do have questions, we always get a quick response via email or telephone. It is nice to actually talk with real people.

Pros

EZLease is very easy to use. With very little training, we were up and running. You can also customize fields that allow you to track additional information for your company. The reports are easy to run in PDF or Excel. We rely on EZLease for accurate determination of Capital and Operating leases.

Cons

If I had to say anything, it would be more documentation. But with the ease of use of EZLease, I very rarely have to reference the documentation.

User Profile

Harry

Pet Valu

Verified reviewer

Company size: 1,001-5,000 employees

Industry: Retail

Time used: More than 2 years

Review Source: Capterra

Ease-of-use

4

Value for money

5

Customer support

5

Functionality

5

Reviewed December 2018

Pet Valu review of EZLease

We're able to easily generate our monthly deferred rent journal entries in a fairly simple and quick way, without having to resort to the use of multiple Excel worksheets, which we were using a few years back.

Pros

For what we needed this software to help us with (ie. calculation of monthly deferred base rent journal entries), it provided the exact functionality we were looking for in a system that was relatively simple to populate and to use.

Cons

Once we got onto the system and prepared our own documentation on how to use it for our purposes, there was nothing really that we disliked about the system. The response time is great for those few times where we may have encountered issues, so we're also happy with the support.

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