Supporting Business Processes

Provides periodic journal entries and conversion entries from the operating method of lease accounting to the direct finance method of lease accounting.

Produces detailed sub-ledger reports and accounting information on a lease by lease, securitized vs. non-securitized or total portfolio basis for monitoring purposes.

Produces detailed continuity schedules for audit purposes showing additions, dispositions and other adjustments on a MTD and YTD basis.

Tracks detailed cash flow for both asset (finance contract) and liability (prepaid rent) general ledger accounts.

Stores key information on lease customers (banking, address and contact numbers), leased asset (serial numbers/VINs), as well as basic lease/loan data required by funders and direct investors, particularly in the event of default by lessees.

Produces set-up journal entries for securitization transactions.

Periodic update of general ledger accounts including: liability for future service costs; reserve for future losses; and reserve for early terminations.