CL Lease is a cloud-based front-to-end leasing platform designed for equipment lessors to efficiently service equipment leases, from origination and underwriting to funding, workflow management, document management and financing. You can set up online leasing portals, collect decision data from multiple sources and automatically generate contracts for e-signature. With our Cloud Lending Lease Xcelerate Program, lessors can deploy a full leasing solution in 8 weeks or leverage the Xcelerate Program as a Proof-of-Concept for more detailed workflow and business plan considerations.
Originate deals and record contracts. Setup online leasing portals and automate the origination experience
Manage multiple assets in the same lease contract. Setup maintenance or insurance as periodic charges applied every month
Setup schedules with steps and skips, account for leases as operating or finance leases
Collect decisioning data from multiple sources including identity, credit, banking and valuation services like BlackBook. Automatically score and price with contracts generated for e-signature
CL Lease makes it easy to automate servicing including billing generation, ACH transactions, collection of payments and fees, restructuring and managing exceptions.
Generate billing statements, ACH payments and application of fees like late charges or NSF
Transfer of accounting for transactions including income recognition to general ledger
Calculation of evergreen rent for equipment used after lease term
Set automatic payment alerts and notifications
Track assets through contract lifecycle including returns, repossessions and delinquencies. Manage assets after contract maturity with inspections, sale and release.
Manage returns, repossessions and resale of equipment
Track equipment throughout the contract lifecycle including insurance coverage, buyouts, returns, repossessions, and delinquencies
Manage equipment after a contract reaches maturity with attention to inspections, refurbishments, scrap, sale and release
Define collection strategy tasks and manage calling, payments and promises to pay with agent dashboard.
Proactively work with delinquent accounts to minimize collection risk. Lessors can define automated collection strategy tasks for the entire portfolio or segmented by lease type. Collection tasks include automated emails, letters and messages.
Streamline customer interactions with complete visibility and elimination of errors.
Custom collection queues can be created for delinquent contracts. These queues can be defined by any contract attribute such as days delinquent, loan type and loan value. These queues are used by collection agents to manage customer interactions, allow immediate payment processing and record promise to pay.
Cloud-Based Lease Servicing To Empower Equipment And Vehicle Lessors...
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