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  • Leasing software
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  • Industries
    • Equipment leasing software
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    • Recourse factoring
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    • Asset Finance software
    • Invoice factoring software
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Roadmap

SOFT4Leasing lease administration software

Constant improvement

We see a paradox: technologies that are meant to help business are instead limiting the ability to grow. Therefore the SOFT4Leasing Product Team is constantly thinking about how to develop the product in today’s changing environment, and how to make it even more useful for leasing companies.
Every quarter, we gather all the useful features from various projects and customers’ requests and decide which should be included in the next SOFT4Leasing release. In addition, Dynamics 365 Business Central (Microsoft Dynamics NAV) – the platform our solution is built on – is being constantly developed by Microsoft and a new release appears each year.

Leasing team | Soft4Leasing

What’s new

Current version: SOFT4Leasing Release SL63(November2022)
Have access to new features as soon as they’re released

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Fully configurable data checks for “Validate Quote”, “Submit for Approval”, “Submit for Settlement”, “Contract Comply”, “Contract Activate” and “Check E-signature Signers Data” processes.

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New financial product type “Usage Based Rental” which is available when configuring the new financial product.

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Asset variation now is available for Contracts with financial product where “Installment Schedule Method” is TValue.

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Email notifications has been enriched with notification for reaching some certain workflow step. The ability to skip Sales Invoices notifications for specific contracts has been included. Also, an ability to skip email notifications for specific Asset insurance policies has been added.

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New documents drop area pages for Fixed Asset and Contact tables.

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Improved report “Interest Check Scheduled vs GL”.

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Global Search page user interface is simplified for better experience.

Planned Updates

Upcoming version: SOFT4Leasing Release SL64 (planned to release in April 2023)

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Insurance package feature.

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Enhanced functionality for asset return.

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Improvements for Master Lease Agreements.

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New API version to provide modern and fast integration for third party software.

Previous releases

SOFT4Leasing Release SL62 (April 2022)

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Customer portal is available as standalone application. Customers can review his contracts details, issued invoices and credit notes, download customer statement and payment plan, send messages to back office, upload supporting documents, download documents templates.

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Additional payout figure calculation method ETF only has been introduced which is useful for rent products.

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VIN decoding and configurable check is available.

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New report Leasing Customer Short / Long Term Liabilities (less than one year period and outstanding period) is available.

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Email notifications has been enriched with notifications for:

  • Variable interest update.
  • Insurance policy expiration.
  • Credit Memo document posting.
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E-Signature functionality review and adjustments to work the same way for all service providers (Docusign, Onespan). Ready for extending with different providers.

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Services price base has been extended with new option MSRP Sticker Price.

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Service API area has been prepared for extending to integrate with customer’s specific service providers.

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Quick calculator was improved and allows to input custom Residual Value and custom Term.

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Calculated Penalty Interest has received an option to be invoiced on demand, not only with installment invoicing. Calculation details visibility has been improved and simplified for users.

Previous releases

SOFT4Leasing (SL61), September ’21 release

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Initial Invoices Posting functionality for Contract activation enables Sales Documents creation and posting in Contract activation process, not only for installments invoicing.

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Receivables Type Posting Setup is introduced for precise leasing account receivables component recognition on posting and for application priorities assignment by binding source code to specific leasing receivable type.

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Installment schedule has been extended by including new Installment Fee component to apply additional charge for every installment.

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Installment schedule calculation for every financial product can be configured to use standard SOFT4Leasing calculation engine (Worldwide) or new TValue calculation which is implemented first time in SOFT4Leasing and follows popular TValue software.

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Supporting Documents feature has been introduced for Approval Conditions. Now system can verify automatically if required supporting documents are uploaded before submitting Application for approval, for compliance or both.

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Notifications in the system have been improved to configure and send Email Notifications easier for the following scenarios:

  • On Application / Contract status change to Originator, Customer, Lessor.
  • On Installment Schedule Date or other date which can be calculated using date formula and installment schedule date. Notification can be sent to Customer only.
  • On posted Sales Invoice creation to send notification to customer with Sales Invoice document attached.
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Dealer / Broker role user interface updates for more simplified user experience.

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Stamp tax management functionality improvements.

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Insurance products functionality now contains the following new features:

  • Insurance product price can be defined as percentage of Amount Financed.
  • Insurance can be skipped for the first or residual value payment.
  • Insurance Commissions and Cost amounts can be attached to amortization profiles.
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Residual Value is possible to post into dedicated GL Account on Contract activation for accounting purposes mandatory in some countries.

Previous releases

SOFT4Leasing (SL60), February ’21 release

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Contract refinance management functions have been introduced.

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Services management area has been extended a lot to support full-service lease scenarios in the system including services packaging, pricing, fees, commissions, budget control, framework to interface with 3rd party servicers and accounting.

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Fleet management now includes master Contract management through credit lines, phases, extended residual value setup. Accounting area in the system keeps details per single Asset master record and enables complete view on asset level.

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Dynamic smart fields visibility for installment schedule has been introduced to simplify UI for user. Detailed view is available for administrator.

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Quote UI has been redesigned to have simpler and more context-oriented look.

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Customer and Applicant data look re-designed to evaluate requirements for sole trader, partnership, companies, and individuals.

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Stamp tax management functionality improved.

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FACT module has been extended with following functions:

  • Reverse factoring support
  • Advanced Credit Limits (On Client, Agreement, Master Agreement)
  • Approval workflows can be enabled for Credit Limits or Factoring Agreement approval
  • Possibility to lock/update calculated client factoring interest amount
  • Updated Debtor statement report
  • Updated Client (Vendor) statement report

SOFT4Leasing (SL59), June’20 release

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Full SOFT4Leasing functionality is accessible on your preferred Web Browser and Mobile App. Windows client is discontinued.

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Extended Interest revenue recognition functionality.

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GDPR Compliance improved, depersonalization functions extended.

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Integration with CreditSafe Global Business Information service providing credit evaluation reports for business entities.

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E-Signature process support for DocuSign has been added next to OneSpan. E-signature functionality extended to support various anchor types. Automated signer identification increases productivity when working with legal documents.

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Power BI reports package is available for leasing business.

SOFT4Leasing (SL58), August ’19 release

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New Novated Lease module

Allows to transfer lease contract to another customer (from employee to employer) and expose the benefit of the employee for lease novation to employer.

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New Penalty Interest Invoicing DD Rule

It allows the system to amend DD Schedule automatically whenever Penalty Interest is invoiced for a Contract. Currently this rule can be enabled only for Financial Products where field “Create Sales Document” is not flagged.

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New field “Program Fee (Financed)”

Program Fees have been extended by adding a new field “Program Fee (Financed)”. Now you can set up standard Financed and Upfront Program fees for every Program.

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Application attached to Credit Line auto approval

System auto approves Application attached to Credit Line if credit limit with this approval is not exceeded.

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Improved Decision Tree

Decision Tree can access Credit Line data.

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Minor product improvements

A number of minor bug fixes are included in this release and therefore you get even more stable product.

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These features have been added to Soft4Factoring module:

  • Ability to skip Factoring Agreement No. input in the Cash Receipt Journal. In this way received fund are applied to the oldest factoring debt. You can configure this option in Factoring Setup window.
  • Ability to apply VAT for any type of charges. You can configure VAT groups for each Factoring Product.
  • Ability to define Minimum Interest Type and Minimum Interest Value for Factoring Product. You can opt to configure minimal Interest amount to be charged as a fixed amount or input minimal number of days to calculate Interest for amount disbursed.
  • Ability to specify Increased Interest Rate. Increased Interest rate is applied after Invoice Due Date.
  • Vendor Limit Check and Debtor Limit Check rules are introduced. The following options are available:

– ignore credit limit violation

– show the message to officer but allow to violate credit limit

– throw an error if credit limit is violated

  • Factoring Chargeback eliminates lots of manual work when you need to return (reverse) financed invoice back to the vendor for different reasons. You can choose to have Full Chargeback when invoice is returned to Vendor and all charges have been reversed. If there is no Full Chargeback selected then charges to Vendor are not reversed.
  • Factoring Invoice Closing Request provides the ability to close quickly the Invoice financed without full Debtor payment received. However, the funds collected from Debtor must be equal or exceed the amount which is the sum of following components: Advance disbursed to Vendor, all types of charges calculated to Vendor up to Closing Request date.

Microsoft Dynamics 365 Business Central (former Microsoft Dynamics NAV) Roadmap

It all started back in 1987

Business Central Roadmap | Soft4Leasing

Our timeline

2021

New global project

SOFT4Leasing starts to work with RICOH group for a pilot project in 3 countries: Hong Kong, Australia, Macau.

AFIA conference

SOFT4Leasing for the second year in a row participates in the AFIA conference. This year by digitally sponsoring the Keynote speaker Brett King, a futurist, an Amazon bestselling author, an award-winning speaker.

Projects in North America

New projects coming with Vista Credit for HVAC leasing and The Leasing associates.

Further cooperation with Toyota

SOFT4Leasing continues its successful projects with Toyota; this time by implementing the solution for TOYOTA KREDITBANK GMBH Sucursal em Portugal.

SL60

SOFT4Leasing version SL60 released.

Other new and exciting projects

SOFT4Leasing solution is chosen by SBM bank in Mauritius; SME Finance in Lithuania.

2020

New projects with Toyota group

SOFT4Leasing solution chosen by Toyota Financial Services South Pacific, Toyota Financial Services Ireland.

Further expansion

SOFT4Leasing solution is chosen by two Mantrac group companies: Mantrac Ghana and Mantrac Kenya. New project in Canada with Paul Motor leasing.

Colaboration projects in UK

SOFT4Leasing takes part in International Asset Finance Network (IAFN) online conference and World Leasing Yearbook publication, covering all the world’s leasing and asset financing markets in one single volume.

SL58

SOFT4Leasing version SL58 released on Microsoft Dynamics 365 Business Central  2014 CU2.

2019

Upgrading to D365 BC

SOFT4Leasing upgrade to Microsoft Dynamics 365 Business Central On-Premises!

Expanding Globally

The year begins with SOFT4Leasing implemention for Scottish Pacific Business Finance (Australia). Sequently,  Soft4Leasing is chosen by two North America companies – Ensign  Pacific Lease (Canada) and Selig Leasing Company (USA).

Joining AFIA

SOFT4 has become a member of the Australian Finance Industry Association (AFIA), which includes 100+ finance companies, ASX-listed financiers and banks.

2018

Expanding in North America

SOFT4Leasing is gaining the speed, helping asset finance companies worldwide with their business goals: Location Lacolle (Canada), Financiel (Canada), CCB (Cyprus), HDC (Maldives), Yoma Fleet (Myanmar), Southgate Lease (USA).

SL56

SOFT4Leasing version SL56 released on Microsoft Dynamics NAV 2017.

2017

Expanding in Europe and Africa

New customers on board: Eurofima (Switzerland), Tirana Factoring and Leasing (Albania), Rogers Capital Finance (Mauritius).

Upgrading

Customers Selfco Leasing and BeEquip upgraded to new SOFT4Leasing version SL54. Project in Somerville National Leasing (Canada) started.

2016

SL54

SOFT4Leasing version SL54 released on Microsoft Dynamics NAV 2017.

Working with Toyota

Project in Toyota Tsusho Finance started (with NAV Partner Blue Technology).

We did it within 2 months!

SOFT4Leasing version SL52 tested in the projects in the Netherlands (customer BEEQUIP, with NAV partner Faect) and Australia (customer SelfCo Leasing). The fastest implementations ever – SMB leasing companies went live in around 2 months!

2015

SOFT4 in the UK

SOFT4Leasing introduced to the UK market through our British partner Tres Tria.

9.00

Microsoft Dynamics NAV 2016: (“9.00”)

2014

Yamaha Project

The first SOFT4Leasing implementation in Australia with NAV partner Yamaha Motor Solutions. Soft4Leasing localized for Australia and New Zealand.

SL33

Microsoft Dynamics NAV 2015: (“8.00”). Soft4Leasing upgraded on NAV 2015, version SL33.

2013

Expanding in Canada

Soft4Leasing implementations in well-respected automotive leasing companies in Canada completed: Parade Leasing, Holand Automotive Group, Prime Leasing, Royal Leasing and others.

Going to the Philippines

The first SOFT4Leasing implementation in the Philippines with NAV partner Performance Advantage Systems International.

2012

First customers in Canada

First SOFT4Leasing implementation in Canada with NAV partner PYA Solutions (customer Claireview Leasing). Soft4Leasing localized for North America.

SL32

Microsoft Dynamics NAV 2013: (“7.00”) 2013, (“7.1”) 2013 R2. Soft4Leasing upgraded on NAV 2013. Version SL32.

2009

Our new name!

Leasing solution code re-designed. Re-branding completed: software for asset-based finance companies is now called Soft4Leasing! Version SL31.

First international Leasing customer!

Sonex Leasing implemented in the first large international company AG Iveco Finance. Read the case study here.

2003

Where it all began

The First Leasing project in one of the largest Scandinavian banks in Lithuania started. Within the following years, two other banks followed. That was the beginning of what now is called SOFT4Leasing, version SL30.

Talk to our expert about your leasing software needs

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  • Leasing software
  • Industries
  • About Us
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© 2020 Soft4Leasing.
  • Leasing software
    • Lease management software
    • Factoring software
    • IFRS 16 software
  • Industries
    • Auto leasing software
    • Equipment leasing software
    • Loan management software
    • Real estate financing software
    • Recourse factoring
    • Non-recourse factoring
    • Asset Finance software
  • Pricing
  • Why choose us?
    • About Us
    • Our Team
    • Case Studies
    • References
    • Meet Our Customers
    • Become a partner
  • Resources
    • Blog
    • Downloads
    • FAQ
    • Roadmap
  • Contact Us
  • Try Free
    • Get free trial
    • Watch overview videos
    • Watch guided demo
    • Request a live demo
Soft4Leasing
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