All EZLease Reviews
1-14 of 14 Reviews
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Gene
Verified reviewer
Broadcast Media, 1,001-5,000 employees
Used weekly for more than 2 years
OVERALL RATING:
5
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.
PROSA 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.
CONSA 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.
Vendor Response
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
Jennifer
Food & Beverages, 1,001-5,000 employees
Used monthly for more than 2 years
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
2
FUNCTIONALITY
4
Reviewed May 2023
EZLease Review
Our overall experience with EZLease has been okay, they were bought out a few years ago and since then the customer service has been non-existent.
PROSWhat I like most about EZLease is the import/export functionality. It makes it very easy to make lease changes in mass - especially when implementing 842.
CONSWhat I like least about EZlease is that it is not the easiest product to use and also the reports need to be checked before sent out.
Vendor Response
Hi Jennifer, Thanks so much for your feedback. We're glad to hear the import/export functionality is working well for you and helping you with ASC 842 compliance. I'm sorry the reports aren't what you expected - if you have specific questions about them, please check out the Success Center in the tool. There may be some information that could help. I will also pass along your feedback about the customer service, as we want to ensure each client has a good experience!
Replied June 2023
stephen
Warehousing, 201-500 employees
Used weekly for less than 12 months
OVERALL RATING:
3
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.
PROSThe reports are good and nice in excel. The data entry is okay as well.
CONSIt 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.
Vendor Response
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
Levi
Construction, 5,001-10,000 employees
Used daily for more than 2 years
OVERALL RATING:
5
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.
PROSThe software is easy to use and very user friendly.
CONSThere 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.
John
Construction, 1,001-5,000 employees
Used weekly for more than 2 years
OVERALL RATING:
5
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.
PROSEZLease 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.
CONSIf 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.
Harry
Verified reviewer
Retail, 1,001-5,000 employees
Used weekly for more than 2 years
OVERALL RATING:
5
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.
PROSFor 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.
CONSOnce 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.
Ken
Construction, 51-200 employees
Used more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2020
Great Software for Leases and ASC 842
We don't have a lot of leases, but some are significant. With EZLease we have the technical horsepower to account for and report them correctly without having to try to create worksheets or complicated calculations ourselves.
PROSEZLease gives me the detail entries, disclosures, and information I need to keep up with the latest accounting requirements for leases without having to engage outside technical expertise. Very reasonable price and support has always been good.
CONSI have not found anything I think is a hole in the software so far.
Robyn
Automotive, 1,001-5,000 employees
Used weekly for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed November 2018
EZLease
Excellent. We find that it is more helpful than software implementations costing 20x more. They have a clear understanding of the financial/accounting requirements and always strive to get the solutions needed.
PROSIt is simple to navigate and has the features needed for accounting
CONSNothing significant. Small issues with the straight line calculations when leases begin mid month.
Joel
Automotive, 11-50 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2020
Excellent Product
We have an automotive company that engages in purchase leasebacks. Per the new accounting rules, there was quite a bit of work that needed to be done from an administrative perspective. This has saved us COUNTLESS hours of work on a monthly basis. We are very pleased with the software.
PROSEasy to use. Multiple item important works well. Accounting reports accurate and GAAP approved.
CONSThere is no cloud system (which would be cool) but we are running it on a Windows PC. Not really a con but would be a nice feature.
Beth
Translation and Localization, 201-500 employees
Used monthly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2018
EZLease Review
I love the application. The best I have used when it comes to leases and the new GAAP rules.
PROSThe software is easy to use and the reports are great. They provide the exact journal entries for leases. The manual also gives you detail descriptions of the data fields, it is very helpful.
CONSCan not think of anything I did not like.
Trey
Retail, 10,000+ employees
Used monthly for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed November 2018
Very easy to use and implement for AROs
We went from a completely manual/spreadsheet method of tracking and accounting for AROs to implementing EZLease and experienced significant efficiencies. Monthly accounting entries are now almost completely automated and reconciliations take a fraction of the time they did previously.
PROSMy dept is only utilizing the ARO portion of the software. The initial set up was very easy, with great customer support. Periodic reporting makes accounting and reconciliations very efficient.
CONSSoftware has frequent updates. Some periodic changes (rates, etc.) are not intuitive and required help from customer support.
Mikhal
Non-Profit Organization Management, 51-200 employees
Used monthly for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2020
A great fit for our needs
EZlease has been a good fit for the size of our business, and we appreciate the responsiveness and helpfulness of their customer service.
PROSWe are an international organization with entities that have already implemented IFRS 16 while we have not implemented on a consolidated basis. The ability to toggle between IFRS 16 and IAS 17 is very helpful, as is the multi-currency functionality.
CONSIt would be great to be able to run a set of reports together for each month-end, rather than each report individually.
DIRK
Mining & Metals, 501-1,000 employees
Used monthly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2018
Chief Financial Officer
What a great tool that is cost effective and will make the process of compliance easy.
PROSThe comprehensive system that provides a place to track current leases, with the actual lease attached, and a closing journal entry necessary for month end/year end accounting reports. Reminders on when leases are coming due.
CONSSix different screens that each have to be reviewed and accepted to initiate a lease.
Ping
Mining & Metals, 51-200 employees
Used monthly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2018
Good software for calculating Leasing items.
It is a good software for leasing management.
PROSeasy to use and simple to understand for people even does not have accounting knowledge.
CONSIf the exporting Excel file can be upgrade to latest version Excel.