All too often, technology informs system design choices. But the world’s best products are built the other way around. At Odessa, we first look to solution the business need and the customer experience. And then we work backwards to the technology. LeaseWave’s solution architecture is separate from the technology on which the platform runs; we recognize that the former delivers business value while the latter helps merely to realize it.
LeaseWave has been architected using a model-driven approach: the solutioning of all entities, business rules and workflows is abstracted from their technical implementation. As web and mobile technologies advance, this design choice allows us to upgrade our technology layer without having to rewire the solution layer that sits beneath it. This is why we have a robust roadmap of predictable release cycles that keep constant pace with technology.
The price for a mature and reliable leasing system in our industry was old legacy-based technology. LeaseWave has shattered this connection. Not only is LeaseWave our industry’s most functionally robust system, it is also the most technologically advanced. Our entire technology stack is non-proprietary, standard and readily available, allowing internal IT teams to leverage a modern technology ecosystem. And this is not just an overnight phenomenon. We have a long history of affiliation with Microsoft (dating back to 1998) and have a demonstrated commitment to remain in step with advances in web- and mobile-based enterprise technology.
The demands of the equipment finance industry require us to confront the twin challenges of building a flexible solution that also delivers reliable performance, day-in and day-out. LeaseWave is designed to accommodate change with flexibility, whether this change is external (alterations to laws, accounting conventions, technical environments) or internal (adoption of new business models, processes, practices). By externalizing business rules, workflows and UI layouts, we empower users to adapt their platform to meet changing needs. At the same time, by designing a technological framework and an accounting core that is insulated from the impact of change, we ensure that the leasing organization’s backbone is always robust.
Don’t look now – but we are in the epicenter of the accelerated changing of an industry. Businesses are bracing for a quake of disruptors in Fintech, a mass exodus to the Cloud, The Internet of Things, Block-chain, alternative finance channels and entirely new asset...Read Full Article