Articles

Operational challenges are increasing in the ever-evolving work of vehicle and equipment leasing. Compliance and automation in areas such as accounting for new standards IFRS 16 and ASC842, calculating and updating depreciation schedules, income, and payments require lessors to

Introduction
Collections are a critical part of every leasing business. It starts with sending timely invoices to your customers. Spreadsheets can help with simple leases. Contract modifications are becoming more complex. Keeping them updated on spreadsheets is very difficult.

Introduction: A Changing Landscape for Lessors

Leasing has become a balancing act. Balancing across managing risk, customer experience, organizational profitability, and regulatory compliance. Regulations have become more stringent and complex over time. IFRS 16 and ASC 842 are examples of compliance regulations. Globally, the trend is moving towards automated regulatory filing and real-time compliance. Errors resulting in compliance breaches impact reputation and carry fines and penalties.

Introduction
Operating leases have been a vital component of equipment and vehicle leasing. Organizations may require access to specialized assets for specific projects or assignments. Lesses have

Introduction: A New Era for Lease Management
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.

Lessors have been subject to increased scrutiny since the collapse of Enron and WorldCom at the turn of this century. Additionally, changes to lease accounting rules by US GAAP and IFRS have tightened regulations.

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.

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.

Within equipment and vehicle finance, rental has insidiously carved out for itself a niche distinct from leasing or lending, but no less vital to the fulfillment of business needs that change by the day, by season, or by assignment. Rental capacity, as it operates in commercial communities, is an operating strategy for asset owners to maximize utilization with short-term or long-term rentals.

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….