Who Uses This Software?

EZLease is used by companies in a wide range of industries, including retail & restaurant chains, telecommunications, governments, manufacturing, medical, banks, and utilities.


Average Ratings

8 Reviews

  • 5 / 5
    Overall

  • 5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    $375.00/one-time/user
  • Free Trial
  • Deployment
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
  • Support
    Online
    Business Hours

Vendor Details

  • Financial Computer Systems
  • www.ezlease.net
  • Founded 1975
  • United States

About EZLease

EZLease is the tested and reliable solution for lease accounting, with complete compliance with U.S. and international lease accounting standards FAS 13/ASC 842 and IAS 17/IFRS 16 for lessees and lessors. Drawing on FCS's 40 years of experience in lease accounting software, working with hundreds of companies and hundreds of thousands of leases, EZLease provides simple yet thorough financial reporting for both capital (finance) and operating leases.


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EZLease Features

  • Amortization Schedule
  • Asset Management
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Capitalization Reporting
  • Critical Date Alerts
  • Expense Tracking
  • For Equipment Leases
  • For Real Estate
  • Payment Tracking
  • Portfolio Management
  • Tax Management

EZLease Reviews Recently Reviewed!


Capterra loader

EzLease New Standard

Nov 14, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

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

Vendor Response

by Financial Computer Systems on November 27, 2018

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.

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

Nov 15, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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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.

Overall: 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.

Capterra loader

Pet Valu review of EZLease

Dec 11, 2018
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

Overall: 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.

EZLease

Nov 14, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: It is simple to navigate and has the features needed for accounting

Cons: Nothing significant. Small issues with the straight line calculations when leases begin mid month.

Overall: 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.

Very easy to use and implement for AROs

Nov 26, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: My 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.

Cons: Software has frequent updates. Some periodic changes (rates, etc.) are not intuitive and required help from customer support.

Overall: 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.

EZLease Review

Dec 11, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The 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.

Cons: Can not think of anything I did not like.

Overall: I love the application. The best I have used when it comes to leases and the new GAAP rules.

Chief Financial Officer

Dec 11, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The 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.

Cons: Six different screens that each have to be reviewed and accepted to initiate a lease.

Overall: What a great tool that is cost effective and will make the process of compliance easy.

Good software for calculating Leasing items.

Dec 11, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: easy to use and simple to understand for people even does not have accounting knowledge.

Cons: If the exporting Excel file can be upgrade to latest version Excel.

Overall: It is a good software for leasing management.