With a Single Enterprise Application
IT and Data Center Equipment
Rail Cars and Shipping Containers
Material Handling Equipment
Company Cars and Vehicle Fleet
Track Equipment From the Start to the End of Term
Are you tracking your leased equipment using spreadsheets, emails, file cabinets, and yellow sticky notes? These time-intensive processes are not only expensive, but error prone as well. The new lease accounting standards 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 Equipment Lease Management software you can automate the critical business processes for tracking equipment from the start to the end of term..
- Centralize all leasing data and documentation in a single enterprise-wide repository
- Capture a detailed audit trail for each individual leased asset which records who did what and when
- Track mid-term lease contract changes including swaps, upgrades, early buyouts and returns
- Measure KPIs such as the economic performance of your leasing portfolio by business unit and asset category
Two Minute Overview
What is Equipment Lease Management Software?
End of Term Management
Reduce Your Leasing Costs by 10-12%
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 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. And with LeaseAccelerator, you can see all leases which have passed the end of the contract date, but are still billing you.
Never miss a deadline with our proactive notifications for upcoming equipment lease renewals. Understand renewal pricing changes, make a decision, then notify the leasing company.
Quickly identify which leases are past the end of the contract term billing month-to-month “evergreen fees.” Analyze your portfolio, identify root causes, and take corrective action.
Understand the purchase options and residual value for leased equipment assets that are lost, stolen, damaged, or just too critical to replace.
Understand the logistics, packaging requirements, and other contractual obligations for returning leased equipment. Start planning early so you can backfill the leased assets.
Optimize Your Equipment Lease Portfolio
Maximize ROI and Minimize Risk
Smarter Capital Decisions
Ensure you are making the optimal economic decisions for capital expenditures by consistently performing lease versus buy analysis. With LeaseAccelerator you can standardize your lease versus buy analysis with a user-friendly tool that doesn’t require an MBA to use.
Safety and Insurance Risks
Ensure all your leased assets are properly insured so you aren’t forced to pay full replacement costs when equipment is damaged or destroyed. Refresh frequently to avoid potential worker safety issues and higher insurance costs from using older equipment.
Maximize Asset Performance
Ensure you refresh assets with newer, faster, better performing equipment at the end of term. With LeaseAccelerator you can institute automated workflows to ensure you always refresh in a timely manner and optimize the economic benefits of leasing.
Tax and Contract Exposure
Minimize risks associated with making incorrect property taxes and leasing contract agreements by tracking leased equipment asset moves. With LeaseAccelerator you can institute a periodic attestation process to verify the existence and location of leased assets.