Equipment Finance

End-to-end lease and loan management.

LeaseWave is an equipment finance software system that manages the entire lifecycle of the contract (from proposal through end-of-lease) and the entire lifecycle of the asset (from build through disposition).



LeaseWave has out-of-the-box integrations with industry-leading CRM systems. It also ships with integration-ready interfaces that readily connect with other CRM systems. This integration doesn't need be just a one-way push of information, but rather a multi-level exchange of data that goes both ways, affecting decision-making, status management, trigger points and workflows in the CRM as well as in LeaseWave.


Originations Management

The LeaseWave equipment finance software has comprehensive front-office capability. Originations management is fully workflow-based and configurable to meet the needs of any type of leasing model, accommodating the entire array of go-to-market strategies prevalent in the asset finance industry. Whether your business is direct, indirect, vendor-based, broker-based, small ticket, mid-market, large corporate or a combination of all these channels, LeaseWave can manage the entire originations process.


Credit Processing

LeaseWave facilitates the entire credit evaluation and approval process, including financial spreading, credit report analysis, manual and/or automated score carding and overall credit review of the customer's financial information. Parallel to this process, and based on the progress of the credit decision, LeaseWave also manages the preparation for transactions where risk has to be shared across various investors.



Pricing can be handled both within LeaseWave using its own pricing engine and through integrations with industry standard third-party systems. This allows for a wide array of complexity and sophistication in modeling across the leasing spectrum, ranging from small ticket to middle market to large corporate transactions.


Document Management

LeaseWave has industry-standard document management features. Documents/packages are auto-generated using templates that are user-defined and include security features that tightly control what information can be changed by which role for each document instance. The templates themselves can be set up against any entity in the system, providing for complete flexibility in creating documents at any desired level. LeaseWave also integrates directly with industry-standard enterprise document management systems.


Asset Management

Traditional equipment finance software tools operate solely at a contract level. In contrast, LeaseWave is a true asset-based system, capable of managing thousands of assets on a single schedule. The entire lifecycle of the asset is comprehensively managed from an operational, financial and accounting perspective. This includes progress pays, deposits, interim rent, depreciation schedules, partial payoffs, asset-specific extensions, repossessions, refurbishing and remarketing.

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Takedown Management

LeaseWave supports complex installation processes. For single or multiple takedowns (where customers are looking to draw down against a line) or progress-payment based interim funding (where billing for certain assets commences even as others are being installed), the system automates the entire installation process. This functionality is closely tied to asset delivery managed by the system's Certificate of Acceptance / D&A module.

Discounting &

Discounting & Syndication

LeaseWave supports the discounting of contracts whereby the rental stream is partially or fully collateralized and a note is set up on the lessor's books. Discounting can be managed on a contract-by-contract basis or against a pool of leases/loans. The system's syndication capability allows for the full or partial sale of the rental stream (with or without the residual) with the relevant portion of the contract taken off the books.

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Billing &

Billing & Collections

As an equipment finance software system, LeaseWave offers full coverage for the billing needs of even the most diverse portfolios. Multiple-format support is available, including consolidated invoices (one invoice for multiple schedules), cost-center presentation (invoices where line items are grouped per the customer's cost centers) and asset-level billing (invoices where assets are grouped independent of the schedule to which they belong). Cash applications can be processed at the line item and/or invoice level with receipts being managed through check, ACH, lockbox, etc. This capability is supported by extensive customer service and collections functionality: dashboard-driven customer service, powerful collections management and SLA-driven ‘work queue assignments' all facilitate the streamlining of back-office operations.

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Ancillary Services

LeaseWave manages the offering of a wide range of billable services in addition to industry standard lease and loan products. This includes usage-driven, asset based services such as cost-per-copy, cost-per-click and other metered charges. It also includes the management of transactions where the vendor may play an active role in the provision of disposable components associated with certain assets. Other ‘add on' services such as ‘forced placed insurance' can also be managed. LeaseWave also allows for the creation of complex user-defined service offerings at both the asset and contract levels.

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Contract Modifications

LeaseWave offers comprehensive capability to manage contracts post-booking. Restructures, rebooks, pay downs, write offs, etc. are all managed with due consideration to the accounting ramifications; for leases, the system's asset-based design facilitates partial payoffs, casualties, residual write downs, etc.



LeaseWave is designed to meet a diverse set of compliance needs. This includes sales and use tax management, UCC filing, property tax management and functionality to manage a diverse array of insurance requirements. For each of these functions, standard integrations with industry leading providers are available. The system includes comprehensive regulatory compliance for both publicly owned and bank-owned leasing companies. Odessa also has extensive experience in international geographies and familiarity with diverse tax and regulatory regimes.

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End-of-Lease Management

LeaseWave has comprehensive functionality to handle end-of-term processing, including maturity notifications, pay offs and pay downs, late stage collections, workouts and remarketing. Through its workflow engine, the system facilitates close intra-departmental collaboration for each end-of-contract process. LeaseWave also automates the accounting behind each transaction, automatically generating requisite entries.



LeaseWave comes with a comprehensive list of standard out-of-the-box reports. In addition, LeaseWave includes powerful ‘user-defined' reporting capabilities. Business users can create complex reports, using any field available to their respective role/s from a security perspective. The formatting, sorting, sub-totaling, filtering, etc. can all be saved. User-defined reports can even leverage the scheduling (for automated generation with email notification) features available for system reports.

Lease & Loan

Lease & Loan Accounting

LeaseWave generates the underlying journal accounting entries for all financial transactions in the system through a streamlined, template-driven design. This model takes the onus off the user and ensures that transactions automatically conform to GAAP (US and International) and meet regulatory standards, no matter the geography. All GL entries are generated at the most detailed level possible and are automatically exported to the corporate GL through scheduled batches.

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