Introduction Financial services businesses are subject to ever-increasing regulations. Leasing is not an exception, new accounting standards such as IFRS 16 and ASC 841, lessors need to level up their accounting. Lessors need to adopt the right business software for
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Introduction Leasing is an important funding source in industries like transportation, logistics, and construction. Leasing is used to procure required assets without a large capital expense. With the growth of leasing, compliance requirements have progressively increased making management of leases
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. Lessors are providing equipment and vehicles on lease programs to address this need. Financial and
Introduction Leasing allows the person who needs the asset to use it without taking ownership. Based on the nature of asset, and requirements of the lessee, lessors structure the lease as a finance or operating lease. Operating leases are typically
Introduction In the leasing industry lessors are finding a section of lessees requirements are more focussed on asset management instead of financing contracts. Lessors setup operating leases to address the needs of these customers.The global leasing market was valued at
What Is an Operating Lease? An operating lease enables the use of the asset but not any rights of ownership to the lessee owned by the lessor. The lessee pays the lessor for the usage of the asset for a
Introduction Most organizations need to effectively utilize their available funds, however, postponing capital investment is not feasible as it impacts the capability of the organization to meet its projections. This forces them to find innovative solutions. Equipment lessors are stepping
In today’s dynamic and fast-paced business environment, managing lease portfolios efficiently is critical for lessors. The complexities associated with lease management have grown exponentially, driven by evolving regulations, the need for precision in financial reporting, and the increasing demand for
Efficient lease management is crucial for lessors to maximize profitability, ensure compliance, and streamline operations. Lease software tailored for vehicle, fleet, or assets management offers a comprehensive suite of features designed to address the unique needs of this sector. This
For equipment lease financiers, several key performance indicators (KPIs) are crucial for evaluating the health and success of their operations. Here are some of the most important KPIs for equipment lease financiers: The total value of leased equipment within the
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HQ: California, USA
Tech Center: India