Most lease asset management software systems are either lease-based or asset-based. The LeaseWave® leasing system is unique because it is both lease- and asset-based, taking advantage of the best that each approach has to offer and thereby most truly replicating reality. Information about assets is maintained in an asset management module that doubles as a virtual storehouse. As leases are booked, the assets are simply associated with the lease in question, making the LeaseWave® system a sophisticated lease asset management software. Consequently, the LeaseWave® system provides the convenience of entering and later managing leases as though the program were lease-based, while simultaneously maintaining independent asset information as though the product were asset-based.
As a lease asset management software, the LeaseWave® system therefore provides users with a natural and elegant way to handle such asset-based features as sales tax, property tax, asset-driven rentals, maintenance charges / chargebacks, asset-based administrative and other charges. Unlike most typical leasing systems, the LeaseWave® leasing system does not have to derive and force asset-dependent calculations. Especially for operating leases, where the asset may change hands over its life, this model makes for an effective way to maintain historic data very simply and in the most accurate way possible.