EZLease review

EZLease is now part of insightsoftware, the company behind a range of finance tools including LeaseAccelerator. It aims at organizations that want a clear lease subledger rather than a full real estate system, and it supports ASC 842, IFRS 16, FRS 102 and GASB 87 and 96. Leases can be loaded in bulk from a template, which a JRayl Transport accountant credits for a smooth start with 850 leases, and the software produces the journal entries and the details needed for notes to the financial statements. insightsoftware claims customers see a 90% reduction in manual lease accounting work and 75% less audit prep time, figures that come from the vendor rather than independent testing. Public sector users such as Clark County appear in its case studies. The product page is thin on technical detail, such as integrations and reporting depth, and pricing comes through a form, so request a demo with your own lease data before committing.

Who it is for

Mid-sized companies and governments wanting a straightforward subledger

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Compliance with ASC 842, IFRS 16, FRS 102 and GASB 87 and 96
• Bulk lease upload from a template
• Centralized lease data with automated reports
• Journal entries and details for financial statement notes
• Backed by insightsoftware, which also owns LeaseAccelerator

Strengths and weaknesses

• Strength: Vendor reports a 75% reduction in audit prep time for customers
• Strength: Customer case studies include an 850-lease trucking portfolio and Clark County
• Strength: Covers GASB 96 for public sector subscription arrangements
• Weakness: Pricing requires a form submission
• Weakness: Product page gives few technical details compared with LeaseQuery
• Weakness: Enterprise buyers may be steered to LeaseAccelerator in the same company

Key facts

• Standards: ASC 842, IFRS 16, FRS 102, GASB 87/96
• Owner: insightsoftware
• Data import: Template upload
• Pricing: Quote via form

Where it ranks

EZLease is No. 9 in our Best Lease Accounting Software verdict.