Add Exchange account to Gmail 5.0 on older android versions

I installed unofficial CM 12 with Android 5.0.2 today. Earlier I was using stock Android Lollipop and it had the option of adding Microsoft Exchange account. Unfortunately CM12 didn't seem to have it.

After doing some research I figured out that only devices running stock Android 5.0+ are capable of having exchange accounts. And CM12 although runs on Android 5.0, doesn't have this feature. On doing further research I found out that Android 5.0+ have something called Exchange services which enables gmail 5.0 to handle exchange accounts.

Download Exchange Services

Then, install and restart your device. Walah! Gmail will be able to add exchange accounts!

Note: This method is not just for CM