Blog Archives

Introduction: Manufacturers manage their business to conserve available cash. It is not feasible for them to make capital investments to support changes in their customer demands. To achieve their goals, they require innovative solutions to procure equipment.

Introduction: Lease administration is sometimes also called lease management. It covers the process from the inception of the lease through the lease lifecycle. From recording the lease, billing, collecting dues, to termination, and return of assets.

Introduction: For decades, equipment leasing has evolved through waves of technological innovation. From paper contracts to digital workflows, from spreadsheets to cloud-native leasing platforms, and from manual accounting to AI-powered automation, every technological shift has enabled lessors to operate more efficiently while delivering better customer experiences.

Introduction: Users want to use heavy and expensive plant and machinery without taking ownership. This is called Equipment as a Service (EaaS). Users or customers need to productively use the equipment without incurring the capital expenditure; they are obligated to pay for the periodic rent. EaaS enables lessees to use the latest technologies without incurring the upfront cost.

Introduction: The vehicle and equipment leasing industry is growing rapidly, driven by changes in government policies relating to lending by banks. Compliance remains a challenge with the introduction of accounting standards ASC 842 and IFRS 16. Manual processes are error-prone and inefficient.

Introduction: Opening a restaurant is the most exciting, but it is a capital-hungry business you could undertake. From finding the perfect location to creating your menu, there are a tremendous number of details. But before your first customer ever steps inside the door, there is one decision that is a game-changer in your business: should you rent or buy the equipment?

Introduction: Lessors have historically been slow in adopting new technologies. The rapid development of new technologies is enabling lessors to adopt these digitization tools. Lessors need to rethink their operations to differentiate what they can offer to their customers with digitization.

Introduction: The process of disbursements and payments, or payment processing, is the foundation of leasing. Payment processing his evolved from manual activities to sophisticated automation. This integrates data and systems in real time. This is diving accuracy, efficiency, and transparency.

Introduction: Most businesses require equipment and vehicles to run their core operations. To procure these assets without incurring capital expenditure is a tool organizations adopt.