Manage various term loans: equipment loans, real estate loans, working capital loans, etc. with Soft4Leasing loan management software.
Independent Leasing Companies
Independent leasing companies finance various types of assets – can be anything, in fact, from vehicles to heavy equipment, white, yellow, or brown goods, to IT equipment. As independent asset financiers usually agree to take more risk than, say, banks, they are also more sensitive towards various business KPIs they try to achieve, e.g., for most, time to quote needs to fit within several minutes, while time to contract – tens of minutes.
With the growing amount of information, the biggest challenge for independent leasing companies will be consuming data from various sources to make timely business decisions. The systems and various apps used will need to communicate with each other fluently. SOFT4Leasing can connect to various external systems, be it CRM systems, company websites, self-service portals, credit bureaus, eSignature providers, manufacturer catalogues, Excel, and others, using modern APIs.
The shrinking labour market will force leasing companies to automate their processes even more. In many countries, the average salary for specialists will be growing. However, experienced professionals are also expensive to keep, and it is difficult to find new skilled employees in the market. This trend means more leasing companies will automate sales, application assessment and approval, contract signing, collections, and many other processes. Today, SOFT4 customers strive to have full automation on the lease quotation and approval and monthly billing processes. This trend also means software companies will need to simplify the user interface and increase usability, so the onboarding time for new employees would be as short as possible.
In SOFT4Leasing, you can manage any process from quotation to application to contract management and billing or integrate the systems you already use – as long as the contract management and lease accounting (back-office) happens in SOFT4Leasing.
For independent leasing companies, it might be beneficial to use financial accounting in the same SOFT4Leasing system. SOFT4Leasing runs on Microsoft Dynamics 365 Business Central (BC) platform, which includes financial accounting localized for any country in the world. Let us know if you’d like to enjoy data consistency throughout your entire lease process, and we’ll find you a Microsoft Dynamics 365 Business Central Partner at your location – we have more than 100 BC partners globally today. If your accounting team is attached to what you are using today, that’s fine too – we have integrated multiple well-known international as well as local accounting systems (Oracle, SAP, Xero, 1Tech, Wiise, Microsoft Dynamics GP, F&O (SCM), Netsuite, and others).
For financing companies involved with funders, having functions for “sale of receivables” or “securitization” process management in the system might be important.