Articles

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

The legal framework that supports every transaction—whether you’re leasing expensive industrial equipment or entire fleets of cars—safeguards your company and helps resolve disputes. Having contracts on file is only one part of that structure. The goal is to ensure those

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: The Fragmentation Problem in Modern Lease Management In the past, managing leases was a back-office task frequently assisted by spreadsheets, various CRMs, and outdated ERP software. However, many lessors work in operational silos as a result of the leasing

  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: Why Leasing Needs a Real-Time Shift The leasing world is moving fast. Whether tracking asset utilization, monitoring delinquencies, or reviewing lease profitability, lessors can no longer afford to wait weeks or days for monthly reports. Decisions now need to

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.