Articles

The process of disbursements and payments, or payment processing, is the foundation of leasing. Payment processing his evolved from manual activities to sophisticated automation. This integrates data and systems in real time. This is diving accuracy, efficiency, and transparency.

Enhancing Efficiency: Streamlining Lease Administration Processes Lease administration is sometimes also called lease management. It covers the process from the inception of the lease through the lease lifecycle. Fromrecording the lease, billing, collecting dues, to termination, and return ofassets.Focusing on 

Operational challenges are increasing in the ever-evolving work of vehicle and equipment leasing. Compliance and automation in areas such as accounting for new standards IFRS 16 and ASC842, calculating and updating depreciation schedules, income, and payments require lessors to

Collections are a critical part of every leasing business. It starts with sending timely invoices to your customers. Spreadsheets can help with simple leases. Contract modifications are becoming more complex. Keeping them updated on spreadsheets is very difficult.

Introduction: A Changing Landscape for Lessors
Leasing has become a balancing act. Balancing across managing risk, customer experience, organizational profitability, and regulatory compliance. Regulations have become more stringent and complex over time. IFRS 16 and ASC 842 are examples of compliance regulations. Globally, the trend is moving towards automated regulatory filing and real-time compliance.

Introduction

Operating leases have been a vital component of equipment and vehicle leasing. Organizations may require access to specialized assets for specific projects or assignments. Lessees have the option of procuring them on an operating lease. They do not incur capital expenditure or the complexities of procurement. The lessors gain by generating income while the asset is on lease and finding another lessee once it is returned.

Introduction: A New Era for Lease Management

Lessors have historically been slow in adopting new technologies. The rapid development of new technologies is enabling lessors to adopt these digitization tools. Lessors need to rethink their operations to differentiate what they can offer to their customers with digitization.

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.

Users want to use heavy and expensive plant and machinery without taking ownership. This is called Equipment as a Service (EaaS). Users or customers need to productively use the equipment without incurring the capital expenditure; they are obligated to pay for the periodic rent. EaaS enables lessees to use the latest