INDUSTRY SOLUTIONS /
Lease originators can now cost-effectively manage credit underwriting rules by funder or channel—ideal for originators wanting to expand into new financing models or new leasing products. Leasing for Originators can accommodate multiple credit underwriting processes managed by channel, funder, and leasing product.
Self-financed lessors who originate, fund, and service their own leases can use our cloud-based solution to manage the entire lifecycle—from application through origination, underwriting, servicing, asset recovery, and collections allowing for structured leases, fees, and charges. Manage insurance, account for revenue, contract maturity/evergreen, and track assets and disposition. New products can be quickly added with different financing products including finance lease, operating lease, single pay lease, zero percent lease, rental, rental with equity, and EFA.
For lessors who sell off rent and residual, but maintain customer relationships and lease servicing functions, the Cloud Lending Equipment Lease Solution can handle the complex accounting, billing, and servicing associated with externally funded leases, enabling lessors to track investor positions and account, bill, and service correctly. Advanced reporting improves a funder’s visibility into the debt position of each lease. This is an easy-to-configure solution for accommodating many different terms, servicing options, and accounting rules for each funder or product type.
For captives who originate and service their own leases, CL Lease™ generates contracts on asset delivery, installation, or acceptance. Manage contracts through the lifecycle including location changes, restructures, early termination, and buyouts—with updates propagated throughout the entire contract period. Billing at the asset-schedule level allows lessors to custom-configure invoices for each customer, and to establish multiple financing options such as finance lease, operating lease, single pay lease, zero percent lease, rental, rental with equity, and EFA.