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Lessors have been subject to increased scrutiny since the collapse of Enron and WorldCom at the turn of this century. Additionally, changes to lease accounting rules by US GAAP and IFRS have tightened regulations.

Manufacturers manage their business to conserve available cash. It is not feasible for them to make capital investments to support changes in their customer demands. To achieve their goals, they require innovative solutions to procure equipment.

Within equipment and vehicle finance, rental has insidiously carved out for itself a niche distinct from leasing or lending, but no less vital to the fulfillment of business needs that change by the day, by season, or by assignment. Rental capacity, as it operates in commercial communities, is an operating strategy for asset owners to maximize utilization

Understand ASC 842 & IFRS 16 changes for lessors. Learn lease classifications,compliance tips, and how software ensures accuracy in financial reporting

Lease agreements are a legal document that describes how the lease will operate during the lease term, and the first step is to define the lessor’s and lessee’s relationship…

If you lease equipment or vehicles, you must have heard KYC several times. KYC, however, is not just another regulatory box for you to check. KYC, which stands for Know Your Customer, is an international financial compliance. KYC began as

In a fast-moving business environment, access to the right equipment can spell the difference between stagnation and growth. Whether a fleet of delivery vans or heavy construction machinery, businesses across industries depend on capital equipment to perform their core functions

  Introduction: Manual Lease Accounting No Longer Cuts It The shift to ASC 842 and IFRS 16 recreated the process equipment and vehicle lessors accounts for leases. Attempting to manage these areas manually—especially using spreadsheets—puts lessors at risk. Long close

Introduction In equipment leasing, success is not the number of assets on the books, but by how successfully a lessor can control growth, profitability, and risk. For lease financiers, this translates to tracking performance at each stage of the lease

While sending invoices does seem simple enough, many lessors struggle. Spreadsheets can help organize information, but spreadsheets are unsuitable for automated lease invoicing. Manually handling lease terms, due dates, and lease payment tracking can lead to errors and friction. Late invoices can cause cash flow issues, customer frustration, and extra time spent by admins correcting mistakes. When leasing portfolios expand, spreadsheets become cumbersome. As a leasing business automation necessity, it’s not a question of if but when to automate.