Leasing module

Flexibly manage agreement lifecycle

The Leasing Module continues with the agreement management flow after the application request is approved in the Application Processing Module, tracking the process of asset repayment and manages both, financial and operating leases.

The module deals with complete asset management activities, including asset ordering prior to agreement activation, automatic loading of asset parameters based on chosen product type and provides an option for managing additional asset expenses during asset’s useful life and including those costs in the monthly installments.

In integration with application processing, sales module, accounting and collateral management module, this module provides detailed, 360° insight into lease applications, agreements, generated invoices and transaction history from a central location. The module is completely integrated with the Purchase, Sales and General Ledger Module enabling automated processing of transactions.

The initially generated lease agreements can be subject of further changes performed with choice of advanced operations as part of automated workflow for restructuring lease agreements including options for early repayment, early maturity, early restructuring, agreements termination in case the asset loses its functionality and modifications of repayment plan without restructuring as a result of changes in the interest rates based on chosen international interest types (euribor, tibor and libor) when generating the agreements.

With the Action List integrated in this module, the time between every activity and status changes is automatically tracked providing options for generating messages and using it as a Blog system for exchanging communication within the process flow.

The system in the process of signing agreements supports predefinition of agreement document templates that automatically load the data from the system and are generated in a printable form at the signing activity providing the client with convenient possibility for documents management.

Key Features

  • Lease Lifecycle VisibilityImprove the control over assets and agreements with centralized validation mechanisms that lead you through automated workflow and help to effectively manage agreements so that you generate highest value for your clients.

  • Flexible Agreement ManagementPerform significant conditions modifications at any point during agreements repayment process with quality agreement administration support and automated adaptation of the payment plan to the new changes.

  • Asset Portfolio ManagementManage asset usage from acquisition to disposal in a completely centralized system that tracks full asset history and provides you with on time information on asset status in order to optimize the time from asset acquisition to signing lease agreement.

What
clients say
  • "ASPEKT’s leasing system is a very convenient system with automated validations that limit any possibility for manual errors and now my daily operations are highly simplified as I don’t have to worry about making mistakes in calculations or assigning assets that are not available." - Lease Officer / Specialist
  • “Aspekt Leasing Software shows high performance in optimal infrastructure environment and I’m sure the system will be able to scale up without compromising the operational functions.” - System Administrator
  • "Aspekt Leasing Software offers direct performance preview, allowing me to analyze performance results per employee and manage the sales process so that all my employees are maximally effective and fully dedicated to work responsibilities." - Branch Manager
  • “We needed a system that is able to respond to the evolving regulatory environment, changing risk management procedures and addresses the ongoing operational costs with high control efficiency and we are happy to confirm that Aspekt Leasing Software delivers unlimited operational cost and risk benefits through our daily operations." - Risk Manager
  • "The use of Aspekt Leasing Software has greatly improved the process of servicing our customers. We are able to form sales policies that meet their expectations in continuity and deliver on-time and quality support.” - Operations Director
  • “At the end of the month I can conduct full financial review and generate reports for external reporting, as all the transactions are automatically posted and matched, and if there is a need for transactions correction, it can be automatically executed and the changes are presently visible in reports.” - Accounting Officer
  • “We can easily focus on improving the quality of our customer base and analyze the results received from sales when combining offer conditions that will best match the most profitable customer segment and create win-win situation for both parties.” - Operations Director
  • "From the beginning, Aspekt Leasing Software was successfully aligned with our growth strategy and helped us continually increase sales volumes and surpass predefined targets by offering endless flexibility and incorporation of changes." - CEO
  • “Generating invoices with automated operation eliminates the need for manual interventions and gives us more time to concentrate on analyzing financial results.” - Accounting Officer
  • "I’m able to control all internal processes directly from my office by spending minimal time for communication with colleagues and sharing thoughts on any kind of issues that may arise. " - Internal Audit