Credit scoring is a vital part in leasing process management, as it aims to ease lending decisions to lenders. Use credit scoring system to automate customer credit score calculate and set credit rating. Uses highly configurable scorecard tree. The score can be dependent on any attribute of applicant/asset/application.
Credit - Scoring Automation
Improve “Time-to-decision” KPI
Living during the times when customers want everything fast and now, one of your leasing business advantages could be faster than your competitors’ “Time-to-decision” process. With Soft4Leasing credit scoring software, you could improve your business “Time-to-Decision” KPI, using effective credit rating and credit decision work-flow.
What can you do with Soft4Leasing
Easily manage the entire leasing process — from the lease quote through the entire contract to reporting
Lease Origination
Create quotes, do instalment calculation, create applications, prepare instalment schedule, activate Lease Contract, keep track of contract balances, terminate and close the contract.
Lease application Administration
Work with several functionalities related to the lease/loan origination process: prepare disbursement schedules, vetting checks, use special approval conditions, track customers via source of access.
Lease applicant management
Have multiple applicants or parties involved in a single application (e.g. co-applicants, guarantors, directors, partners, next of kin, etc.). The system will customize the lease processes accordingly.
Leased asset management
List each unit on the lease application, identify with it with a unique ID, set the attributes of the asset (e.g. new or used, starting mileage, colour, etc.). You can have multiple assets on a single contract.
Credit - Scoring Automation
Automate customer credit score calculate and set credit rating. Uses highly configurable scorecard tree. The score can be dependent on any attribute of applicant/asset/application.
Credit Decision Process management
Automate credit decision process: when new application submitted, system runs Decision Tree logic, which gives one of three results: auto-approved, auto-declined, referred to credit officer.
Dealer web portal
Enable your equipment dealers to introduce deals via Web Portal. Dealer can make quotes for lease customer, fill in credit/lease applications on-line and submit to finance company for approval.
Broker web portal
Allow your finance brokers to introduce deals via Web Portal. Broker can create quotes, applications, submit them to finance company for approval online. Broker portal allows keeping track of application process, settled contracts and activity report.
Originator management
Have master records of equipment dealers, finance brokers, i.e. parties who introduce new lease applications. This module allows multi-branding, grouping of dealers, dealer authorization and several other related functionalities.
Lease document management
Create, store and distribute documents throughout lease process. Configure document templates and map to data in the system (e.g. automate Lease Contract form with data fields filled in).
eSignature in leasing software
Sign lease agreements/credit contracts and other related documents (direct debit mandate, etc.) electronically. The functionality allows for multiple signer (borrower, co-borrower, guarantors, lessor).
Integration with General Ledger
This feature has a leasing posting setup, i.e. mapping lease process to G/L accounts, and multiple functions for G/L posting automation: on contract activation, on instalment due, on contract termination.
Financing in foreign currency
The system supports two methods of forex rates – closing rate or historical rate. Financing currency is bound to Financial product, for example “Finance leases in EUR”, “Finance leases in USD”.
Interest Calculation, floating interest
Calculate actual daily interest with two components: financing interest, based on outstanding receivable, and penalty interest, based on overdue amount.
Securitization
The module has set of functions for “sell of receivables” or “securitization” process management. Solution allow for multiple funders/trusts: funder master records, sell/un-sell batches, funder collections function.
Work orders, fleet management
Create service orders related to leased asset, order services, items from 3rd party suppliers, keep track of actual service cost and price, invoice services to customer, review and schedule Work Orders.
Reporting suite
Reporting Suite is a set of leasing and financial reports that can be further developed and adjusted to the customer’s needs.
No stress and inspiring results. Start achieving results today!
Industries
Select your industry to find out how Soft4Leasing can simplify your business
Equipment leasing software
Manage your equipment leasing operations throughout your company, from the front office to the back office. Suitable for all types of equipment: office equipment, heavy equipment, IT equipment, farm equipment, etc. Manage funding, enjoy data integrity and consistency, improve your customer service.
Auto leasing software
Manage your automotive leasing business efficiently with all-in-one auto leasing software. Increase front office productivity by providing quick quotations, prepare a quote for a customer over the telephone using pre-set conditions in the system and the user-friendly self-explanatory system interface, automate your leasing processes and expand your business.
Loan management software
Manage various term loans: equipment loans, real estate loans, working capital loans, etc. with Soft4Leasing loan management software. All-in-one lending software solution covers the entire loan cycle from loan origination to loan termination. Benefit from cash-flow forecast, floor-plan funding functionality, ALM asset-liability management, and cost of funding per each lease to manage funding.
Property finance software
As Real estate financing is a long-term process, it requires headache-free management process. Manage your real estate financing business efficiently with all-in-one real estate financing software. In case you are searching for a property and real estate management software, check Soft4RealEstate – software solution for mixed and commercial property management companies.
Recourse factoring
Manage your recourse factoring business – agreements where a company sells its current invoices to you with the understanding that the company will buy them back if they go uncollected. Save your team’s time with automated calculation, accrual and invoicing of interest and commission, do easy tracking and reporting, overview all valid Factoring Agreements at a single click.
Non-recourse factoring
Manage your non-recourse factoring business, allowing a company to sell its invoices to you without the obligation of absorbing any unpaid invoices. Save your team’s time with automated calculation, enjoy collections worksheet functionality for debt management, overview all open Invoices in a single page.
Invoice factoring software
Run your factoring business efficiently with factoring software that allows you to minimize manual work with automated calculation, and to accrue and invoice interest and commission. Achieve efficiency with integrated financial accounting, document management and CRM features. Meet investors’ expectations by managing your business with a world-class ERP system, built on Microsoft Dynamics 365 Business Central.
Factor software
Benefit from automation that provides an easier and faster invoicing process, saving up to four hours per day. Manage your business efficiently with functions such as document management, CRM and contact-address details module. Easily gain business insights and take informed business decisions with data tracking and reporting.
Asset finance software
Streamline your asset finance process with an automated business process.
Benefit from document management, CRM, reporting and statistics tools, automatic reminders and far more. SOFT4Leasing is suitable for various asset types (equipment, automotive, property, etc.). Our software supports all main asset financing concepts including: hire purchase, finance (capital) lease, operating lease, and chattel mortgage.
Increase efficiency of serving your customer by 3x with all in one
Lease Management Software
Trust from around the globe
The product was perfect for our purposes; it is based on a long terms sustainable platform and had just what we need, with very few unnecessary and redundant features and the possibility to customize it to our specific needs. Overall happy with the responsiveness, customer oriented mentality and professional level of everybody we have been in touch with. I was very impressed by consultant Kestutis’s analytical skills, the capability to simplify complex problems, understand immediately our specific needs and translate it to a software solution. It was a real pleasure to work with such a skilled and clever person.
Rolling Stock Manager at EUROFIMA, Switzerland
At the end of the day I liked what Soft4 were offering in terms of software functionality, I also liked the fact that Soft4Leasing consultant was very measured in giving an answer to our questions about the capabilities. The other point is that they have been prompt and professional.
CEO at Specialist Equipment Leasing Finance Company, Australia
We had been using our legacy application for 25 years and had grown very accustomed to what we knew. The professionals from SOFT4 and PYA spent many hours with us in product meetings in order to set realistic expectations to make sure we fully understood the various options and possibilities with Soft4Leasing and to help us “see” how we would bridge our old processes and our new environment.
VP Finance and Administration, Claireview Leasing (now Director of Finance and Administration at Prime Leasing Inc.), Canada
Our Cambodian sales finance company – Toyota Tsusho Finance (Cambodia) PLC (TTFC ) – selected “Soft4Leasing” as their new core leasing system for moving their business forward faster. Soft4Leasing reached to go-live with the powerful support from both Soft4 and blue technology – local Soft4 partner in Cambodia. Around 4 months after go-live, TTFC are using their new system without no significant issues. The system is very stable and reliable. Also, TTFC team could start working with new system easily because of Sof4Leasing usability and rich functionality. We are looking forward to grow the business and get the success with the new system and the partnership with Soft4 and Blue Technology.
Project Manager of Automotive Business Innovation Department at TOYOTA TSUSHO CORPORATION HQ, Japan
EFTA has worked with Soft4 for four years and found them to be flexible and accommodating to our needs. EFTA operates in SME leasing in Africa, a complicated and unpredictable sector which requires a system that can respond accordingly. Soft4 provided creative solutions to help adapt Soft4Leasing to our needs, as well as patient support once the system had been in put in place. Furthermore, Soft4’s staff are noteworthy for their friendliness and emphasis on customer service. EFTA would happily recommend Soft4 to anyone looking for a value for money solution to their complex business needs.
Chief Operations Officer at EFTA, Tanzania
On the leasing application the software is very good, it covers all the process of it. Its user friendly and easy to use. It reduces cost for the business (because its time effective), and it eliminates some administrative task that we used to do.
Executive Director at Tirana Factoring and Lease, Albania
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