Portfolio Management: Collections

The LeaseWave® lease accounting software system comes with a very powerful collections management system that allows lessors to dynamically assess and track every lease receivable type that may be past due. Among its features, users can tag accounts for follow-ups, print or email collection letters with the click of a button and store any number of comments for every account.

The collections management module of the LeaseWave® leasing system allows users to dynamically analyze, across receivable types and due dates, what payments are still due. Follow-ups made on accounts are user specific, allowing the system to recognize the individual user for reminders. When letters need to be sent out, users can write letters once on a word processor integrated with the program that generates letters using Crystal Reports.

Collector assignment, performance and workload can also be tracked comprehensively within the LeaseWave® leasing system. From a supervisory standpoint, various reports and features allow for close management of the “collections department” of the company. Business rules can be set up to dictate the treatment of leases prior to their assignment to collections, during the time in collections and after they come off collections.

• Track performance of delinquent accounts on a portfolio-wide level from within the collections module.
• Assign collectors to accounts on an individual or en masse level
• Assign dates dynamically to track accounts for collections
• Select every lease receivable type that is to be tracked
• Get detailed delinquency information, broken down by every single item that is late
• View rolled up delinquency totals for every account
• Get any information on delinquent accounts directly from collections screen
• Set up user-specific follow-ups for any time in the future
• Directly print collections letters
• Write customized collections letters for automated integration