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.
SoftLedger
SoftLedger is a cloud-native accounting platform providing real-time visibility through automated consolidations, multi-currency management, and a robust API for mid-market companies and crypto-focused enterprises.
Quick Comparison
| Feature | EZLease | SoftLedger |
|---|---|---|
| Website | ezlease.com | softledger.com |
| Pricing Model | Custom | Subscription |
| 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 | 2017 |
| Headquarters | Fayetteville, USA | New York, USA |
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.
SoftLedger
SoftLedger is a cloud-native accounting platform designed to give you real-time visibility into your financial data. Instead of waiting days for manual month-end closes, you can automate complex processes like intercompany eliminations and multi-currency consolidations. It acts as a single source of truth for your entire organization, connecting disparate data points into one cohesive financial picture.
You can manage global operations with ease using automated FX gain/loss calculations and real-time reporting across multiple entities. The platform is particularly effective for companies dealing with high-volume transactions or digital assets, as it bridges the gap between traditional accounting and crypto-native workflows. It scales with your growth, providing the sophisticated tools of an enterprise ERP without the typical implementation headaches.
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.
SoftLedger Features
- Real-Time Consolidation. View your consolidated financial statements instantly across multiple entities without waiting for manual month-end processing.
- Multi-Currency Management. Automate foreign currency translations and record realized or unrealized gains and losses in real-time for global operations.
- Intercompany Eliminations. Handle complex intercompany transactions automatically to ensure your consolidated books remain accurate and audit-ready.
- Crypto Asset Accounting. Track digital asset cost basis and valuation automatically by connecting directly to exchanges and custodial wallets.
- Programmable API. Connect your proprietary systems or external data sources to your general ledger using a comprehensive REST API.
- Accounts Payable Automation. Streamline your entire bill payment process from invoice capture to electronic payments within a single unified workflow.
Pricing Comparison
EZLease Pricing
SoftLedger 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
SoftLedger
Pros
- Automates complex multi-entity consolidations effectively
- Excellent support for cryptocurrency and digital assets
- Highly flexible API for custom data integrations
- Clean and intuitive user interface for accountants
- Significantly reduces time spent on month-end closing
Cons
- Higher price point than entry-level accounting tools
- Learning curve for setting up complex automations
- Limited native integrations compared to legacy ERPs