Increase efficiency of serving your customers by 2x, 3x and more with Soft4Leasing
Loan management software
Improve customer service
Have a complete customer profile in one place
Increase productivity
provide a quick quotation for a customer over the telephone using pre-set conditions in the system and the user-friendly self-explanatory system interface
Manage funding
using the loans module, cash-flow forecast, floor-plan funding functionality, ALM asset-liability management, and cost of funding per each lease
Find flexibility
respond to your customer needs by creating customer tailored agreements for key customers; mark customer’s preferences and enable a personal approach with integrated CRM tools
Be proactive
analyze your customer portfolio daily instead of monthly; keep track of due-dates as they approach
Automate revenue
and cost recognition
When it comes to leasing and loans, efficiency is a key. If you’re able to maximize the benefit of new leads and maintain sustainable relationships with existing clients, your business can be on the right path. However, doing so without proper loan management software is very difficult. By implementing tailor-made software for managing loans, you can save tens if not hundreds of hours of labor!
SOFT4Leasing is a purpose-built software solution that offers versatile and very adaptable tools for lease and loan management. With it, do less and get more benefits from all lease-related process management, starting with loan origination, ending with loan termination and of course – all that is in between.
The software itself is built on top of the all-familiar and very widely used Microsoft Dynamics NAV platform. This allows new users to have a smoother transition because this software will bear a lot of resemblance to the Microsoft Office apps that we all know and use. The main benefits of SOFT4Leasing include – increased productivity of your staff, better customer service, flexibility and better decision-making, better risk management for all working capital loans and much more.
You can request to get a live, guided demo, watch dedicated guided videos, see our case studies or get a free trial to see how the software works in-house. We’re always just one click away, so reach out if you have any questions. The team at SOFT4Leasing is always prepared to answer your questions, send you quotes or give you insightful tips!
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 Management
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.
What can you do with Soft4Factoring
Manage financial transactions and types of debtor finance, quickly and easily
General ledger integration
The Solution has full integration with a Factor financial accounting system and General Ledger module.
Automated document management
Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System.
Debt management
Monitor delinquent accounts, take actions, and log them in the system (e.g. call the customer, log promise to pay, follow-up call if a promise is broken).
Multicurrency support
Calculate the exchange rate associated with the date on the transaction for each conversion of a currency amount to a local amount. Save historical exchange rates in the exchange rate table to keep track of fluctuations over a period of time.
Master Factoring agreements
Manage Factoring Agreements throughout the whole lifecycle: attach factoring product, create and approve factoring contracts; upload legal documents to a factoring agreement.
Automated calculation
Calculate interest on the debt balance and recalculate interest in case of partial early repayment of debt. Benefit from automation function for calculating overdue penalties, as well as allocated, outstanding, and released reserve amounts.
Data tracking and reporting
Easily drill down to G/L transactions for every calculated and posted figure in the system. The built-in platform features enable to export every single internal report or view to Excel, Word or PDF.
Open invoice management
Overview all open invoices in a single page. Invoices are run through a validation process to ensure they meet all acceptance and contract criteria for the client.
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.
Even more great features. Check them out:
Frequently asked questions
What is loan origination software?
It’s a digital platform for managing the initial stages of a loan servicing cycle. Loan origination software has the capabilities to either streamline or outright automate certain stages in the servicing cycle. Origination software is often capable of handling loan applications, credit scoring, doing document verification as well as underwriting.
Such software solutions are aimed at reducing the workload for the loan company in all stages of loan management.
The most capable software solutions, like SOFT4Leasing, can automate tasks that would otherwise require manual input and manual analytics. For example, by adding in the client details, you can expect an automated credit score and risk assessment for a more streamlined result. This software helps to process and manage loans quicker.
How much does a loan origination system software cost?
There are two options for licensing a loan origination system. You can either purchase the Consumption license and pay monthly or purchase the Perpetual license and pay per instance.
With the Consumption license, you get free upgrades and get a fixed price per user. That means that the loan origination system costs in relation to how many users are using it in your company. You can use it for as long as you pay.
With the perpetual license, you get a starter pack with up to 3 users. If you want to add further personnel, there’s a price per user starting from the 4th one. However, you own the software and can use it indefinitely.
What to look for in a loan origination software pricing & licensing?
When you’re looking at the licensing and pricing of a loan origination software, you should definitely try and meet the needs of your company first. Think about how many people will be using the software right now and how many users might there be in the near future (e.g. 12-24 months from now). In regards to this, you might opt for the perpetual license or the consumption license.
Whenever you look at the available pricing plans at SOFT4Leasing, you should always contact us for a quote. By knowing your exact needs we can suggest optimized pricing plans to help your business manage loans at a reasonable cost!
What do you need to know before upgrading your loan origination software?
Before upgrading your loan origination software, you must be confident that the new software is going to bring you more benefits and functionality. By testing out a free trial version or seeing a live demo, you and your loan management team can better understand the real-world capabilities of loan origination software.
SOFT4Leasing also has numerous case studies published. Check them out to see the benefits of switching over to our software.
SOFT4Leasing loan origination software is capable of helping automate numerous different tasks that are mandatory during the initial stages of loan processing and help out with other processes during the whole leasing process.
What is lease administration software?
Lease administration is a wide spectrum of processes and tasks, related to the management of active lease agreements. Lease administration software is used by leasing and loan companies that need a centralized brain for the operation. Such software solutions can help automate various tasks that require tedious manual input as well as aid in distributing relevant documentation, forecasting, doing financial analytics, and much more.
Depending on the choice of software, it may be capable of many different things. For example, as lease administration software, SOFT4Leasing is capable of
- Lease origination, applicant & application management
- Assets on lease management
- Credit score automation and decision process management
- Extensive document management
- G/L integration
And much more!
What are the benefits of lease administration software?
The benefits, presented by the lease administration software, depend on the functionality of the said software.
First and foremost – there are enormous time and money savings on the business end. By eliminating lots of tedious and manual labor-intensive tasks, SOFT4Leasing can save your team up to 30 minutes of time for each quote, per employee and six figures in cost per annum.
Thanks to a user-friendly interface and wide range of features, SOFT4Leasing lease administration software is also capable of streamlining data flow and eliminating bottlenecks.
The financial analytics and forecasting tools can also help you adapt your products and services to the ever-changing market trends for the highest level of customer satisfaction.
What are the stages of the lease administration process?
The lease administration process can be categorized into many different stages. In order to have an effective lease administration process, you have to, first and foremost, utilize modern software for data and lease management. Make sure that they provide sufficient functionality for your day-to-day as well as long-term needs.
Don’t forget to enable tools and systems to track and analyze your leases. Every so often, your business needs to re-evaluate its results to find room for improvement. This is also called lease policy development.
Finally, the closing parts of lease administration calls for updating existing processes, according to the findings and recent developments. Moreover, internal monitoring, auditing, and responsible accounting are stages of the utmost importance.
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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