EZLease
EZLease provides automated lease accounting software to help you maintain compliance with ASC 842, GASB 87, and IFRS 16 standards through streamlined data management and reporting.
FMIS Fixed Assets
FMIS Fixed Assets is a comprehensive asset management software designed to help you track, manage, and depreciate your organization's physical and intangible assets while ensuring full international accounting compliance.
Quick Comparison
| Feature | EZLease | FMIS Fixed Assets |
|---|---|---|
| Website | ezlease.com | fmis.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1985 | 1982 |
| Headquarters | Fayetteville, USA | Canterbury, UK |
Overview
EZLease
EZLease is a dedicated lease accounting platform designed to simplify how you manage and report on equipment and real estate leases. You can automate the complex calculations required for modern accounting standards like ASC 842, IFRS 16, and GASB 87/96. By moving away from manual spreadsheets, you reduce the risk of audit failures and ensure your financial statements remain accurate and compliant with the latest regulatory requirements.
The software serves as a centralized repository for all your lease data, allowing you to track critical dates, generate journal entries, and produce disclosure reports in minutes. Whether you manage ten leases or ten thousand, you can scale your operations without adding significant administrative overhead. It is particularly effective for finance teams in mid-market companies and government entities who need a reliable, audit-ready solution for their long-term liabilities.
FMIS Fixed Assets
FMIS Fixed Assets gives you total control over your organization's entire asset lifecycle, from initial procurement through to final disposal. You can eliminate manual spreadsheet errors by automating complex depreciation calculations across multiple books, including GAAP, IFRS, and local tax requirements. The platform provides a centralized register where you can track locations, custodians, and maintenance schedules in real-time.
You can easily manage high volumes of assets across different departments or global entities using a single, unified interface. The software scales to meet the needs of mid-market and enterprise organizations, particularly those in asset-intensive industries like manufacturing, healthcare, and education. By integrating directly with your existing ERP or finance system, you ensure that your balance sheets always reflect accurate, up-to-date asset values.
Overview
EZLease Features
- Automated Compliance Generate accurate calculations for ASC 842, GASB 87, and IFRS 16 automatically to ensure your reporting meets all current regulatory standards.
- Journal Entry Generation Create monthly journal entries and amortization schedules instantly so you can close your books faster and with greater confidence.
- Disclosure Reporting Produce all required quantitative disclosures for your financial statements with a few clicks, saving you hours of manual data aggregation.
- Critical Date Alerts Set up automated notifications for upcoming renewals, expirations, and options so you never miss a deadline or lose a favorable rate.
- Audit Trail Tracking Maintain a complete history of every change made to your lease data to provide auditors with clear, transparent documentation.
- Bulk Data Import Upload your existing lease portfolio from Excel templates quickly to get your system up and running without manual data entry.
FMIS Fixed Assets Features
- Automated Depreciation. Calculate depreciation automatically using various methods like straight-line or reducing balance to ensure your financial reports remain accurate.
- Multi-Currency Support. Manage assets across global locations with support for multiple currencies and different international accounting standards in one system.
- Asset Tracking. Monitor the physical location and status of your equipment using barcode or RFID scanning to prevent loss and theft.
- Maintenance Management. Schedule regular servicing and track repair costs for your assets to extend their useful life and reduce unexpected downtime.
- Lease Accounting. Stay compliant with IFRS 16 and ASC 842 standards by managing your leased assets and contracts within the same platform.
- Audit Trail. Maintain a complete history of every change made to an asset record to simplify your internal and external audits.
Pricing Comparison
EZLease Pricing
FMIS Fixed Assets Pricing
Pros & Cons
EZLease
Pros
- Simplifies complex ASC 842 and GASB 87 calculations
- Intuitive interface makes it easy to navigate lease data
- Responsive customer support team helps with technical accounting questions
- Reliable reporting that stands up well to external audits
Cons
- Initial data migration can be time-consuming for large portfolios
- Reporting customization options are somewhat limited on standard plans
- User interface feels slightly dated compared to newer SaaS tools
FMIS Fixed Assets
Pros
- Handles complex multi-national depreciation requirements with ease
- Highly configurable to match specific industry workflows
- Excellent technical support during the implementation phase
- Seamless integration with major ERP systems like SAP and Oracle
Cons
- Interface feels dated compared to newer SaaS platforms
- Initial setup requires significant time for data migration
- Learning curve for users unfamiliar with advanced accounting