Available separately or combined, Lease Origination and Lease Administration are solutions that make it possible to automate the application and administration process for asset and equipment financing, hire purchases and rentals. For each product, there’s a choice of standard service level and delivery type: licence, software as service and FINANCIAL BPO by Emric. While leasing companies focus on core business, Emric takes care of the rest.
Once the leasing contract has been signed, the process advances to the administration phase. Lease Administration is a back-office system that manages credit processing from first payment to final accounting. Leasing status updates are provided in real time with the maximum level of data security. The solution is completely autonomous and can be tailored to a wide range of market conditions, languages and currencies. Integral processes can be harmonized centrally while the software enables the solution to be tailored to country-specific regulations and laws. The latter supports compliance with the Generally Accepted Accounting Principles (GAAP) that apply – country by country at the same time as providing common central accounting and reporting. From this perspective, Emric offers a truly global solution.
Lease Administration modules include support for the following: multi-country, multi-currency, multi-GAAP, multi-collateral, complete AR and AP processing, additional services and job automation. By choosing to combine Lease Origination and Lease Administration software, asset finance companies can get end-to-end system support for credit processing. And both systems are available with a choice of standard sourcing option.
You can choose software licenses or let Emric take care of hosting with Software as a Service (SaaS). We can also supervise all or part of the origination and administration process with FINANCIAL BPO by Emric. Select the sourcing option that suits your business needs:
Contact Emric for more information on our Lease Administration software.
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