Track Every Piece of Equipment
Proactive alerts for each End-of-Term event
Economic and logistics for buyout, return, renew options
Escalation workflows for “at risk” deadlines
Workflows to communicate your intentions to lessors
Evergreen fees – Track every extra dollar being spent
Workflows to Manage
Two Minute Overview
What is End of Term Management Software for Equipment Leases?
Never Miss a Deadline
Proactive End of Term Notifications and Alerts
With LeaseAccelerator you will never miss an End of Term deadline again. You will incur Evergreen payments only when you choose to. Not when you forget to fill out the leasing company’s paperwork. We will proactively notify you several months before each lease term expires. For each piece of equipment you will receive a complete analysis package with the economic and logistical information for renewal, buyout and return options. And if you forgot to respond, we will send you friendly reminders alerting you of the risk of missing a deadline.
Buyouts, Renewals and Returns
Mid-Term or End-of-Term, Partials or Full
For each piece of equipment, decide whether you want to return, renew or buyout the assets. Once you make a decision our End-of-Term wizard we will send a notification to your leasing company and all the relevant internal stakeholders. All the necessary accounting, attestation and recordation activities are properly completed so your records are 100% accurate.
We can handle complex End-of-Term scenarios as well. Do you need to renew 10 of the 20 servers you leased, return 5 and purchase the remainder? No problem. Automate the administration and the lease accounting for complex partial buyouts, renewals and returns. We handle partial buyouts and returns for equipment lost, damaged or stolen in the middle-of-the-term as well.
Reduce Evergreen Fees
Identify Every Lease Past End-of-Term
Do you know how much money you are spending on “evergreen fees” this month? With LeaseAccelerator you can all see all leases which have passed the end of the contract date, but are still billing you. For each of these “evergreen” leases you can identify when the original lease expired and how much you are paying in fees per month. As a result, you can prioritize which leases to focus on first if you are looking to cut spending.
Looking to prevent evergreen payments before they start? We will help you analyze evergreen payments by business unit and geography or by equipment type and lessor so you can pinpoint the root causes and take corrective actions. Our customers have been able to reduce evergreen and buyout payments by 25-75%.
Learn More about Enterprise Lease Accounting
White Papers, Handbooks and Research Studies
Authored by PWC, this white paper explains the complex world of equipment leasing including the key organizational, process and systems challenges associated with managing assets such as airplanes, medical devices and construction equipment to furniture, laptops and printers. Equipment Lease Management Platforms (ELMP) can not only help you comply with the New Lease Accounting Standards but can lead to significant operational efficiency as well.
There are some similarities between real estate and equipment leases. Both have been neglected and under-funded at most organizations. There has been little investment in the people, systems and processes to support real estate and equipment leases.
Learn the 15 Critical Success Factors for Equipment Leasing. Learn how to standardize your lease versus buy analysis; how to competitively source financing; and proactively manage your end of term. By applying these industry best practices you can save millions.