Lease Accounting Software – LeaseWave®

■ LeaseWave®

■ Workflow Automation

■ Accounts Payable

■ Portfolio Management

■ Receivables Management

■ Fleet Management

■ Captive Leasing

■ Lessee Access

■ Funding Source Access

■ Broker Access

■ Vendor Access

■ Customization

■ Technology

■ LeaseWave® - Portfolio Management - Receivables Management - Delinquency Assessment

Portfolio Management: Delinquency Assessment

The LeaseWave® lease accounting software system has extensive delinquency modeling capabilities. The leasing system allows users to set up delinquency templates centrally and then associate them with the relevant leases, effectively allowing for the definition of late-charge formulas at the lease, customer and system-levels. These templates accommodate for all charge methods, including compounded APR, Flat Rate, % of Payment and any user-defined methodology, including combinations of types. Running a periodic delinquency update within the LeaseWave® lease management system will charge the relevant penalties on accounts with overdue balances. The update feature is as simple as clicking a few buttons and runs at a rate of up to 15,000 accounts per minute.

Set up any number of delinquency templates based on lessor requirements
Associate any lease with any template at any time, regardless of where it is in its lifespan
For every lease, specify the receivable types (lease, sundry, etc.) affected by delinquency update
Automatically generate delinquency invoices for overdue balances after update
Run delinquency updates on a lease, account or portfolio-wide basis -- as many times as desired
Get a specific break down of an overdue invoice and the details therein
Track performance of delinquent accounts on a portfolio-wide level from within the program and/or through a graphical reporting interface.