EZLease, a lease accounting software company, completed its free, full-function offering for private and government organizations managing small lease portfolios. Resource-constrained organizations now have a free way to experience 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 and 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.

“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,” Colleen Tigges, senior vice president and general manager at EZLease, said. “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.”