The LeaseWave® lease management software suite is built to bring the entire leasing enterprise onto one single, connected platform. In keeping with this vision, the LeaseWave® Vendor lease management system is an exclusive internet-based portal that allows lessors to interact with vendors with whom they do business.
Leveraging all the power and functionality of the LeaseWave® WorkFlow workflow management system, the LeaseWave® Vendor leasing system allows vendors to directly input lease applications into the system. Based on the level of automation desired, immediate pricing or decisioning information can be obtained by each relevant vendor. The decisioning process and all relevant variables for decisioning can be set up to be specific to each individual vendor. Furthermore, within a given vendor’s company, different users can be given varying degrees of access to the system.
With the LeaseWave® Vendor system, the lessor-vendor relationship becomes fully automated. This degree of automation can be controlled by the lessor, as desired. The usually slow application approval process can now become instantaneous, with minimal user-intervention. Applications can also be automatically assessed based on selective criteria, fine-tuned as desired for each vendor, type of asset being financed, customer credit-quality, or any other set of evaluative variables.
Vendors can also be given access to monitor the progress of their applications as they go through the decisioning process in the LeaseWave® Vendor leasing system. Once applications become leases or are approved for installation, to begin in connection with various types and lines of credits, they can also be tracked by the associated vendors.