The LeaseWave® Captive lease management software system can be used by procurement wings/companies to help make lease vs. buy decisions. Based on user-defined business rules and sales tax benefits and ramifications, the leasing system can automatically make the buy vs. lease decision for the parent company. After this decision is made, the system carries out the relevant transaction, including all the lease accounting behind it. From an asset management perspective, the LeaseWave® Captive leasing system ensures that all assets are accounted for appropriately, maintaining a detailed history on each. The on-going accounting for leased assets is also handled by the system automatically, in compliance with FASB and IRS standards and regulations.