Real Estate and Equipment Leases
Contracting and booking for each new lease
Data abstraction from contracts and schedules
Audit trail and deal history for each lease
Single database for all real estate and equipment leases
Repository for POs, Certificates of Acceptances, Invoices, Lease Schedules
Track Mid-Term Events including
Equipment Location & Cost Center Changes
Partial Equipment Buyouts & Returns
Real Estate Renewals, Expansions and Contractions
Real Estate Sale/Leasebacks and Sub-Leases
Two Minute Overview
Why You Need Lease Administration Software for Your Equipment Leases?
Capturing Lease Data Electronically
Stop Relying on Paper Contracts
Do you have a small team of people keying the data from your equipment lease contracts into a database? Do you have to call your leasing company when you need information about payment schedules, End-of-Term options and residual value estimates? What if there was a way to automatically capture leasing data electronically into a centralized database so everything you wanted to know was only a few mouse clicks away?
Using our APIs you can receive electronic feeds of all your leasing data directly from banks, vendor captives and independent leasing companies. That works well for large leasing companies, but what about smaller ones that don’t have sophisticated integration capabilities? Not to worry. We can also scan copies of your leasing contracts in PDF or paper format to capture data. Our Lease Administration Software uses natural language processing, machine learning and sophisticated rules engines to capture all important clauses and pricing information.
All Your Leases in One Database
Say Goodbye to Spreadsheets
Are you tracking your leased equipment using spreadsheets, emails, file cabinets and yellow sticky notes? These time-intensive processes are not only expensive, but they are error prone as well. New lease accounting rules are coming into effect that will draw higher levels of scrutiny from auditors, shareholders and board members.
Can you really afford to not have strong systems, processes and controls in place? With our Lease Administration Software you can store all your leasing documentation in one centralized database. From the Master Lease Agreement and original Purchase Order to the Certificate of Acceptance and Monthly Invoices, we will help you keep track of the associated documentation for each piece of equipment. You can store not only commercial documents, but also the notes, comments, outgoing and incoming emails related to each lease as well. And LeaseAccelerator tracks all version changes to documents so you know who did what and when.
Track Changes throughout Term of the Lease
Never Lose Track of an Asset
During the course of a three or four year lease a lot of change can happen. Your company could be merged, acquired or spun off. Cost centers can be reassigned, consolidated or closed. Manufacturing plants, office buildings and distribution centers could be shut down, sold off or upgraded.
How do you track equipment throughout these changes? Especially mobile assets like forklifts, trucks, vans and cars? Our Lease Administration Software helps you track all of your equipment assets as they change locations, cost centers or owners (employees). If your equipment was upgraded, repaired, maintained, painted, returned, stolen, bought out, resold or blasted into space – we’ll track it. For each piece of equipment you can see a timeline of all the events from the inception of the RFP to the termination of the lease.
White Papers, Case Studies and Webinars
Read Best Practices from our Equipment Leasing Experts.
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.