Overview: LeaseWave® Lease Management Software

The LeaseWave® suite is, essentially, an asset lease management software; the asset management module forms the basis of much of the system’s functionality. It works as a sophisticated virtual repository that tracks and maintains extensive information about assets on record in the lease tracking software system. It is from this storehouse that assets are designated to a lease, returned from lease, remarketed, refurbished, serviced etc., through easy-to-use functionalities that replicate reality, making the LeaseWave® system a comprehensive asset lease management software. Indeed, every asset in the system exists as an independent entity, as a component of the investment of a lease, or as both. Asset-specific information such as depreciation, property tax management, UCC filing information (as necessary), insurance filings, etc., can be maintained regardless of whether the asset is in the virtual storehouse or in a lease

Because of this design, renewals and remarketing become very simple and logical extensions of the lease management program. Once a lease matures, its asset(s) becomes available for post maturity options, based on what is done with the lease. All of this can be handled directly from within the lease asset management software sub-system, without having to disrupt the lease with which it was formerly associated. This becomes an especially powerful feature for operating leases and for those lessors who frequently do renewals and asset remarketing.

• Create a virtual storehouse that records the availability, status, cost etc. of assets, thereby using the LeaseWave® lease tracking software suite as a sophisticated lease management system
• Maintain asset specific (or relate to blanket coverage) insurance information
• Automatically include the level of asset-specific information desired for UCC filings
• Keep detailed depreciation records for each asset
• Associate as many assets with a single lease as desired (whether it is 2 or 1500 assets on a single lease, the LeaseWave® system allows for powerful methods to do so).
• Actively track the status of an asset to know exactly where it is currently and where it has been historically with lease tracking software functionality
• Automatically maintain the most detailed audit trail possible for each asset as it may move in and out of leases or between leases.
• Automatically maintain the most detailed audit trail possible for each asset, every time anything of significance happens to it, including a change in its key attributes (such as its location, cost, status, etc.).