FAQ

Lease management software is a digital tool, used for lease and related financial, as well as administrative task management. As we all know, managing a lot of leases creates huge and highly demanding challenges for the lessor. In order to remain compliant with the accounting standards, reduce operational costs and reduce the time it takes to complete various tasks, organizations choose to implement leasing management software.

These tailor-made tools are focused around having as many useful features for lease management, as possible. In terms of categorization, you can list lease management software somewhere in between an ERP and CRM system with extensive functional capabilities for accounting and related tasks. There are quite a lot of different developers with unique software solutions. Although, in general, they’re all the made to solve the same problems, their appearance and functionality can be drastically different.

Since loan management software is crucial to the efficiency and operational success of your leasing business, making the right choice is very important. For the sake of not being biased, we cannot blatantly claim that SOFT4Leasing is the perfect choice right off the bat.

However, if you know that your staff is struggling to keep consistent and manage administrative tasks of lease contract management effectively, and/or are looking for ways to optimize activities and cut down costs, SOFT4Leasing might be the right choice.

When looking at digital solutions for loan management, keep an eye on the list of available features and the ability to scale the software in the future. Cloud-based software solutions offer flexibility and scalability, so necessary in today’s business world. And, with a wide range of available features, you can always face challenges head-on and expect to overcome them in the least time-consuming manner.

Loan management account or LMA for short is a method to finance purchases or expenses. The best way to categorize an LMA is labelling as a mix between a credit line and a debt with a collateral. Loan management account allows a secured line of credit to be used, in exchange for using securities as a collateral.

A lot of businesses who are very reliant on stable cashflow or those which have to deal with delinquent payments and/or unexpected expenses, should look into loan management accounts. Although this service is also available for private clients, but in this context, we’re solely focusing on LMA for businesses. Keen to know how SOFT4Leasing can help you with loan management account supervision? Send us a message!

More advanced lease management software solutions already have document management modules. A lot of asset finance companies continuously struggle and spend time trying to group and add important folders, transferring relevant data from one platform to another. SOFT4Leasing offers a convenient and time-saving way to easily create folders and group data in whichever way you want.

The software is tailored to be able to help generate new folders with only one or two clicks, saving time and avoiding very exhausting data transfers. Since SOFT4Leasing is based on the Microsoft Dynamics platform, a lot of users will notice the familiar interface, found in the best-known Office apps like Word, Excel, or Outlook. Hence, with SOFT4Leasing you don’t need to worry about integration as it’s very easy to do, almost a one or two-click solution.

There are usually two ways to carry out lease analysis. The first way is manual. In the past, for businesses that didn’t utilize dedicated software solutions, risk management and analysis have to be carried out by a member of your staff. It takes a lot of time, offers very limited volume of how much can be done, and is expensive, in monetary terms. In addition, the risk of human error increases the threat of making a wrong decision.

The second way relies on automated software. Using lease management software, companies can streamline risk management, automate credit score evaluation and reduce the time it takes before a decision can be made. In short, you can expect to automate everything from A to Z, with the software offering you necessary insights or analyzing predetermined criteria to make a decision automatically.