What is Leasing Management Software?
Leasing Management Software is an all-in-one leasing software application for asset finance and leasing companies.
What can you do with Leasing management software?
Lease Origination
Create quotes, do instalment calculation, create applications, prepare instalment schedule, activate Lease Contract, keep track of contract balances, terminate and close the contract.
Lease application Administration
Work with several functionalities related to the lease/loan origination process: prepare disbursement schedules, vetting checks, use special approval conditions, track customers via source of access.
Lease applicant management
Have multiple applicants or parties involved in a single application (e.g. co-applicants, guarantors, directors, partners, next of kin, etc.). The system will customize the lease processes accordingly.
Leased asset management
List each unit on the lease application, identify with it with a unique ID, set the attributes of the asset (e.g. new or used, starting mileage, colour, etc.). You can have multiple assets...
Credit - Scoring Automation
Automate customer credit score calculate and set credit rating. Uses highly configurable scorecard tree. The score can be dependent on any attribute of applicant/asset/application.
Credit Decision Process management
Automate credit decision process: when new application submitted, system runs Decision Tree logic, which gives one of three results: auto-approved, auto-declined, referred to credit officer.
Dealer web portal
Enable your equipment dealers to introduce deals via Web Portal. Dealer can make quotes for lease customer, fill in credit/lease applications on-line and submit to finance company for approval...
Broker web portal
Allow your finance brokers to introduce deals via Web Portal. Broker can create quotes, applications, submit them to finance company for approval online. Broker portal allows...
Originator management
Have master records of equipment dealers, finance brokers, i.e. parties who introduce new lease applications. This module allows multi-branding, grouping of dealers, dealer authorization and several other...
Lease document management
Create, store and distribute documents throughout lease process. Configure document templates and map to data in the system (e.g. automate Lease Contract form with data fields filled in).
eSignature in leasing software
Sign lease agreements/credit contracts and other related documents (direct debit mandate, etc.) electronically. The functionality allows for multiple signer (borrower, co-borrower, guarantors, lessor)...
Integration with General Ledger
This feature has a leasing posting setup, i.e. mapping lease process to G/L accounts, and multiple functions for G/L posting automation: on contract activation, on the instalment due, on contract termination.
Financing in foreign currency
The system supports two methods of forex rates – closing rate or historical rate. Financing currency is bound to Financial product, for example “Finance leases in EUR”, “Finance leases in USD”...
Interest Calculation, floating interest
Calculate actual daily interest with two components: financing interest, based on outstanding receivable, and penalty interest, based on overdue amount...
Securitization
The module has set of functions for “sell of receivables” or “securitization” process management. Solution allow for multiple funders/trusts: funder master records, sell/un-sell batches...
Work orders, fleet management
Create service orders related to leased asset, order services, items from 3rd party suppliers, keep track of actual service cost and price, invoice services to customer...
Reporting and statistics tools
Get a pipeline, portfolio and other types of reports. Have a set of data sources presented and build custom reports with external tools (BI systems or Excel Pivots).