EZLease

EZLease has proven to be an invaluable tool for companies seeking to implement ASC 842 compliance without breaking the bank. Users have reported that the software provides a centralized location for all their leases, saving them time and generating accurate reports. With EZLease, companies can easily calculate monthly journal entries, ensuring accuracy while significantly reducing time spent on manual calculations. This has been particularly beneficial for businesses with multiple subsidiaries, as the software helps consolidate leases and streamline operations on a global scale. Moreover, users have praised the software's ability to facilitate a smooth transition into the new lease standard ASC 842 by accurately calculating all their leases. The comprehensive reports generated by EZLease have been particularly useful during annual audits, providing valuable insights into future rents. Although some users have encountered difficulties with lease extensions, overall customer service has been commendable. EZLease has found its niche in small non-public companies, offering ease of use and responsive customer support. Automotive companies engaged in purchase leasebacks have also greatly benefited from the platform, as it saves countless hours of administrative work. EZLease's technical capabilities enable users to account for and report leases correctly without complex calculations. By automating monthly accounting entries and reducing the time required for reconciliations, EZLease has significantly streamlined financial processes for organizations across various industries. What sets EZLease apart is its ability to grow with user companies, requiring minimal training and providing prompt responses to inquiries. In comparison to other software implementations, users find EZLease both more helpful and cost-effective. With features that allow users to track notice dates and accounting information, EZLease eliminates the need for manual paper records and saves valuable time.