Workflow Automation: Lease Application Processing

The LeaseWave® WorkFlow system allows for lease applications to go through an approval process prior to getting approved or declined. Any number of approval processes are flexibly set up in the workflow management module to accurately adhere to the requirements of each organization. Rules, conditions and tasks can be defined very specifically to automatically determine the movement of an application. The LeaseWave® WorkFlow system comes with full document management capabilities and also allows document management to intelligently impact workflows.

Pricing formulas can be defined and automated in the system. A credit decision can also be set up to be an automated function, while at the same time, allowing the user to exercise full manual control. The LeaseWave® WorkFlow system allows for highly controlled security and role/user-access methodologies. Access rights are not only specific to a given workflow and certain information within a lease application, but can also be made specific to where in the workflow the given application might be. This multi-dimensional approach to defining security access provides companies, irrespective of the number of users involved, with a powerful mechanism to control not only what information a user may access but, as importantly, when the user may access specified information. Approved applications can be automatically booked into the lease management system, with all the requisite accounting implications taken care of by the system’s lease accounting software components.

• Manage the workflow of lease applications, terminations, transfers, buyouts
• Process complex check request decisions through to the A/P module
• Easily customize the system to handle any type of transaction that may be part of a workflow
• Allow for direct input by external sources such as vendors
• Set up rules and security access constraints for all users in a role based setting
• Automatically book leases from the workflow management front end system into the lease accounting system

• Establish rule-defined approval limits
• Maintain customer draw down / revolver amounts
• Store records of pending proposals and decisions
• Preserve customer credit scores for future apps and reporting
• Generate lease payment schedules and related lease analysis
• Automatically access credit databases for pulling reports

• Establish user determined document types
• Generate, update, track, and manage documents
• Maintain multiple versions of documents by class
• Limit generation and editing of documents through comprehensive security
• Allow for rider documents to be associated with main documents

• Generate reports using industry-standard Crystal Reports 9.2
• Use ANY field to filter and sort information on ALL reports
• Develop complex search queries, with multiple criteria, through a simple, user-friendly interface
• Save, print, export and email every report