The LeaseWave® lease management system manages the complete lease and asset life cycle from lease booking to asset remarketing, making it an end-to-end equipment leasing and vehicle leasing software system. Once a lease matures in the system, the assets associated with it can then be configured to become available for remarketing. The LeaseWave® leasing system’s asset module allows the user to maintain a record of the asset even after its association with a lease ends. It can, for instance, be extended on the same lease, refurbished and sent back to the system's virtual storehouse, or leased again to another lessee; this capability, driven through the LeaseWave® leasing system's remarketing module, makes it a comprehensive equipment leasing and vehicle leasing software system. At every step through its life, a wholly retraceable eTrail is created against each individual asset. The value of every field (over 150 in the standard system) stored against an asset is maintained and tracked as the asset progresses through its life, from purchase through disposition.
Consistent with its web-based vision, the LeaseWave® lease management system can also be set up to interface with remarketing websites where an available asset can be auctioned off to the highest online bidder. Alternatively, refurbishment centers and remarketing hubs can log onto websites built exclusively for them to receive information about off-lease assets. In this way, despite being an equipment and vehicle leasing software system at its core, the LeaseWave® leasing system can help lessors streamline their typically disorganized asset disposal process by providing an online interface with key remarketing business partners.