Manage your automotive leasing business efficiency with our all-in-one leasing software. Designed for the dynamic needs of automotive leasing businesses, our solution empowers you to manage contracts and inventory efficiently, aligning with the latest trends in automotive leasing and software technology.
Trends in Auto Leasing: Subscription and Full-Service
Our automotive leasing software is at the forefront of industry innovations like subscription-based lending and pay-per-use models, catering to both traditional and emerging car leasing strategies. The pay-per-use model will not be around the traditional approach and the asset alone – leasing companies will need to bundle more services around the asset to get profits the same way the software companies created various services and product APIs around the main product they sell.
Some of the more important services automotive leasing and car rental businesses will have to be aware of would be “mobility as a service” (MaaS) and “car as a service” (Caas). These services would shape the leasing process as it would have to adapt to new models of how the vehicles are used and leased. It is important to plan for your vehicle leasing software to be able to support these models and adjust to the changing market needs flexibly and reliably.
Big data cannot stay out of sight either when talking pay-per-use. Today, the data is there, but it is hard to retrieve and use to gain insights. Closer cooperation with manufacturers in getting data for further analysis, using it to make the right decisions, and then implementing them would be inevitable for their business. For example, getting information on the average usage of the car, non-driving time, and information on the asset independently from the customer could help create the pay-per-use metrics. This is where Artificial Intelligence (AI) solutions analyzing driver behavior could prove helpful.
Adapting to Electric Car Trends in Automotive Leasing
Dozens of countries, from the UK to France and Norway, plan to phase out the sale of engine-driven cars by 2040 or earlier. Problems calculating residual values or future second-hand prices, keep electric leasing prices high. This is because there is little data to base them on, unlike traditional leasing, where dealers use mileage and service history to give a car a future second-hand value. Reducing the amount that electric vehicles depreciate is, therefore, key to making predominantly expensive battery cars more accessible to consumers.
Stay ahead in the automotive leasing market with our software’s robust tools, designed to navigate the complexities of leasing electric vehicles and managing asset depreciation in a shifting global market.
Enhanced Features for Leasing Software
Our automotive leasing software extends beyond the core functionalities, offering advanced options like self-service portals, detailed reporting, operation automation, and integration with external sources, enhancing your auto leasing business’s efficiency and scalability.
Integrations with various external sources, such as manufacturers’ catalogs (Glass, Jato, and others), quote engines such as T-value, CRM systems, leasing company’s own website or management software, origination platforms, public registers (e.g., ABN retrieving system, PPSR registration in Australia), e-signature providers (Docusign, OneSpan or local ones), credit bureaus (Equifax and similar), accounting software (Oracle, SAP, Xero, 1Tech, Xero, Microsoft Dynamics, etc.) are possible.
With SOFT4Leasing, you can manage any process from quotation to application to contract management and invoicing or integrate the systems you already use – as long as the contract management and lease accounting (back-office) happens in SOFT4Leasing.
In order to streamline your leasing processes further, we offer user-friendly customer and sales portals. These add-ons accompany the core SOFT4Leasing software solution to enhance your customer experience throughout the entire life cycle of your leased assets. When connected to Microsoft Business Central ERP, the customer portal can display notifications sent from the back office in real-time, help coordinate the workflow of your active sales agents, dealerships, or brokers, and improve overall user experience. The customer self-service portal helps you to access invoices, and contract lists and provides document templates that can be configured to your needs.
SOFT4 is a trusted software provider of Toyota Financial Services in Europe and Toyota Tsusho in emerging markets, with multiple dealerships in the USA and Canada.
Novated lease management has become popular amongst independent and automotive leasing providers, some specializing only in this area. A novated lease enables arrangements for a motor vehicle via salary packaging, where a lease is novated from an employee to an employer.
Our fleet management solution can help you with generating service orders associated with your leased assets, requesting services and products from third-party suppliers and service providers, monitoring the real costs and prices of services, billing customers for rendered services, and managing workflow. Fleet management software can be paired with lease management software or as a stand-alone management system.
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