EZLease, the leader in simple, fast, and easy lease accounting software, announced its free, full-function offering for private and government organizations managing small lease portfolios. Resource-constrained organizations now have a free way to experience the fastest path to long-term lease accounting compliance.
The new free pricing tier, the Essential plan, is for organizations with up to nine leases and provides:
Automated lease validation and classification
Rich knowledgebase of how-to videos and support articles
Self-service bulk import
Asset contract tracking
Transition accounting
Export of ERP-ready data
Lease subledger with configurable account mapping
Access for two users through a secure cloud application
According to a recent EZLease survey which asked private and government organizations about their lease accounting compliance hurdles, most organizations noted they are resource-constrained and spreadsheet-dependent. Many organizations turn to spreadsheets initially for lease accounting compliance, but almost all soon struggle to keep up with changes and ongoing complexity. Most also need easy access to lease accounting expertise, resources, and tools.
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“We are seeing increasing signs that many organizations are risking failure with lease accounting compliance — by leaving projects until the last minute or relying on insufficient tools such as spreadsheets. So, to help private and government organizations with small lease portfolios get and stay compliant, we are offering EZLease for free. While it is tempting to start with a spreadsheet, even organizations with just a few leases are finding they have an increased risk of project delays and errors. To help mitigate these risks, they now have a free and easy path to compliance,” said Colleen Tigges, Senior Vice President & General Manager, EZLease.
EZLease provides simple, fast, and easy lease accounting software for ASC 842, GASB 87, GASB 96, and IFRS 16 that ensures long-term compliance for real estate and equipment leases for lessees and lessors. With over 15 years of successful implementations across private,