Cloud Lending Solutions Announces Latest Software Release for the Leasing and Asset Finance Industry
Comprehensive leasing platform provides innovations in Origination & ServicingSan Mateo, August 22, 2017– Cloud Lending Solutions, a leader in cloud-based leasing software, announced major advancements to its end-to-end leasing solution, CL Lease™ for Self-Financed Lessors, Externally Funded Leases and Captives. CL Lease™ is designed as a customer-centric, cloud-based lease servicing application enabling lessors to efficiently service equipment leases.By automating operations, CL Lease effectively manages and tracks multiple assets in a schedule, and can manage your asset disposition process (repossessions, and returns). Its fully extendible integration platform works with collection agents, repossession agents, equipment resellers, and dealers. CL Lease can automatically apply fees, calculate taxes, and collect payments through ACH and credit cards.Recent economic research into the Equipment Lease and Financing industry indicate that equipment and lease software investment is projected to grow by 3.6% in 2017. The investment outlook for most equipment verticals continues to improve with 2017 seeing long-term leasing volume increasing in 10 of 12 leasing verticals, and recent momentum in first-half 2017 has accelerated in 8 of 12 verticals.Cloud Lending Solutions, in partnership with their leasing clients jointly designed a highly-focused leasing features set resulting in the culmination of over 45 named major product advancements and hundreds of smaller updates for the global leasing industry. A short list of advancements are:
- Criteria Based Scorecards – Scorecard evaluations consisting of multiple parties with different legal entity types. Lessors will be able to assign different scorecards to different Legal Entity Type values and evaluate different scorecards for business versus individuals. Scorecard evaluations consisting of multiple parties with different collateral types. In this scenario, financial institutions will be able to assign different scorecards to different collateral type values.
- Financial Statement Analysis – Enable lessors to be able to spread financials and store electronically, this includes balance sheets, income statements, and cash flow statements, as well as configure calculations and financial ratios to support financial analysis. CL Lease will enable financial institutions to customize financial statements with custom fields and generate financial statement information, such as cash flow, from configurable statement calculations and allow users to input, generate and analyze financial statements spanning multiple reporting periods.
- Multi Company, Multi Currency – Support for being able to manage multiple companies in the same CL Lease implementation. Highly useful for companies operating in multiple countries or jurisdictions, CL Lease can support local regional specifications and manage leases across geographical country lines.
- Credit Exposure Support – Enhanced to enable lessors to calculate direct exposure, direct proposed exposure, indirect exposure and indirect proposed exposure calculations for borrowing relationships, as well as get updates on the exposure for all borrowing relationships on a daily basis. CL Lease will also enable users to update exposure calculations on-demand.
- Feature Updates – Additional updates include: Contract Restructuring, Debt Schedules, Delinquency Management, Asset Tracking, Financing of multiple equipment, Cash Management, Reporting and Dashboards.
“With the Equipment Leasing market continuing to grow globally, our latest version of CL Lease continues to enable lessors to streamline operations, enhance the customer experience, effectively leverage partner ecosystem and achieve sustainable revenue growth,” said Snehal Fulzele, Co-Founder and CEO of Cloud Lending Solutions. “Customers desire for solutions that are integrated represents the cornerstone of our efforts, lessors can now introduce and manage a broad spectrum of leases at a fraction of traditional costs.”Additional Resources● Product Overviews: http://www.cloudlendinginc.com/product-demo-videos/● Follow us on LinkedIn: https://www.linkedin.com/company/cloudlendinginc● Follow us on Twitter: https://twitter.com/cloudlending● Contact us for a demo: https://www.cloudlendinginc.com/schedule-demo/About Cloud Lending SolutionsA leading cloud-based financial services technology company, empowers the global lending community to connect with their borrowers by transforming the borrower and lender experience. Built on Salesforce, the worlds #1 CRM, Cloud Lending Solutions is the lending industry’s only end-to-end loan and leasing software specifically designed to simplify and digitize the entire lending process; from origination, underwriting, servicing, to collections, creating a single system of record within lending operations. With offices in San Mateo, London, Sydney and Bangalore, contact visit Cloud Lending Solutions at: www.cloudlendinginc.com.Media Contact:William Wagner650firstname.lastname@example.orgCloud Lending Solutions