• Application Tracking
• Batch Applications
• ChannelIT Web Origination
• LinkIT Origination API
• Client Communcation Tracking API
• DocIT Document Generation
• XML Application/Pricing - SuperTrump
• Draw-Down Application
• Operating Leases
• Leveraged Lease Accounting
• Loan Accounting
• Vehicle Module
• User-Defined Fields/Tables
• Data Entry Requirements
• Delayed First Payment
• Lease Attachments

The Application Tracking Module provides front-end update and reporting capabilities to follow the prospective customer and lease application through negotiation, lease structuring and credit approval. All application data is collected and stored to avoid duplicate keying at the time of lease booking. The module includes: Duplicate application search, Lessee application history; pending and rejected, Lessee/lease history; active and terminated, Customer, lessee, guarantor credit exposure/perfonnance, Work schedule / note recording (follow-ups), Established credit line and auto-approval limits on customers and lessees, Credit analyst approval limits, User definable lessee, application, and asset fields, Activity, productivity and exception reporting

LeasePak allows partial payments to be applied for amounts due at lease commencement. Such amounts may be applied to one or all of the following categories at lease booking: Amount of cash received, Amount to invoice, Amount to reduce A/P

Cloning allows users to clone client relationships from like-client relationships, such as lessees, vendors, customers, investors, guarantors, brokers, and lenders. LeasePak provides lease origination update and reporting capabilities to follow the customer and the lease from negotiation and lease structuring to credit approval and booking and throughout the entire leasing lifecycle to asset disposition.

Origination Security
LeasePak allows the system administrator to configure each user’s access to portfolios, menus, and functions. A user may have access to portfolio, to several but not all portfolios, or to all portfolios. All updates and reports throughout LeasePak will enforce this security.

PRICING: Built-in T-Value / SuperTRUMP interface
LeasePak provides support for interest bearing loans, with multiple principal / interest repayment methods.

• Credit Bureau Retrieval - MicroBilt
• Metro II Credit Bureau Reporting Interface
• Service Bureau
• Portfolio PowerVu
• DocIT Document Generation
• Unguaranteed Residual for Payoff Quote (Exclude)

LeasePak offers everything you need to expedite decision processing. User-defined credit authorization engine avoids unanticipated exposure and includes automated escalation processes. Established draw-down credit limits for specific lessees expedite approvals.

LeasePak may be configured to apply business logic to the approval of an application based on an exisitng line of credit balance, expiration date, customer exposure and standard credit approval rules.

• Advanced Cloning
• Quick Book
• Partial Deductions
• Operating Leases
• ChannelIT Web Origination
• LinkIT Origination API
• Client Communcation Tracking API
• DocIT Document Generation
• XML Application/Pricing - SuperTrump
• Draw-Down Application
• Operating Leases
• Leveraged Lease Accounting
• Loan Accounting
• Vehicle Module
• Increased Recurring Charges
• Warning In-Service Date
• Change Lease Key - Retain Invoice Numbering
• Disburse Commission Check to Vendors
• User-Defined Fields/Tables
• Data Entry Requirements
• Delayed First Payment
• Lease Attachments

LeasePak's comprehensive pre-book functions enable operations to manage insurance, setup ACH and bill presentment, and execute tax compliance with a seamless interface to Vertex. LeasePak lets you define user-access for specific functions and fields as well as enjoy the option of creating your own rules for field validation and tolerance checking, You may also integrate your own external systems, such as automatic notification from your order entry system to ship the product when the deal is funded.

Pre-validated information flows seamlessly into your customized lease booking processes, maximizing workforce efficiencies and reducing errors. Strategic reporting helps you to quickly identify acceptance bottlenecks. Customizable user-level access for specified functions and fields gives you the flexibility to easily deploy business rules and security policy.

Seamless integration with the industry's leading pricing systems. Whether you are offering direct finance leases, operating leases, leveraged deals, or fixed/floating rate loans, LeasePak delivers the pricing power of SuperTrump and/or Interet.

• Mulitple Banks
• Multi-Portfolio Processing
• Operating Leases
• Prorate Income, IDC and Book Depreciation for Calendar Month
• Rename Assessments at Portfolio Level
• Electronic Accounts Payable (Vendor ACH)
• Electronic Accounts Receivable (PAP/ACH)
• Gerneral Ledger Interface
• Add Comment to Transaction Record
• Change Lease Key - Retain Invoice Numbering
• Disburse Commission Check to Vendors
• Disburse Upfront Sales Tax
• G/L Lessor Income: MTD, YTD, LTD
• Master G/L Reconciliation Report
• Reverse Late Charge Notification
• Reverse a Payable
• Reversal of Sale of Asset from Inventory
• Sales Tax on Assessments
• Suspense Item Accounting and Reporting
• Track Prior YTD Lease History
• Increased Recurring Chrages
• Table-based Depreciation
• Automatic Suspend/Charge Off
• Batch Assessments
• IBL Principal Adjustments
• IBL Inquiry Report
• Multi-Portfolio Security
• Notes Payable

LeasePak's powerful accounting engine enables real time views of the state of your portfolios and simplifies reconciliation and auditability. All changes to financial data trigger entries to the master financial record, the transaction file, and the GL, ensuring the continuous integrity of the data. All of LeasePak's function provide quick reversal processes that quickly and easily correct inaccurate data input. Data integrity is assured by LeasePak's user-level configurability for access to system menus, and options.

LeasePak provides support for interest bearing loans, with multiple principal / interest repayment methods. LeasePak provides the ability to reverse many transactions and events in the life of a lease.

LeasePak allows for multiple lines of credit per lessee through a Master Application. To draw down from this line of credit, the user clones a new application from the Master Application and sets the acquisition cost on the new application to the amount of the desired drawdown. LeasePak may be configured to apply business logic to the approval of this application based on the line of credit balance, expiration date, customer exposure and standard credit approval rules.

LeasePak allows clients to offer a hybrid product which has rental payments consisting of principal and interest tied to a floating base rate and which uses operating lease accounting, with appropriate accrual methods.

LeasePak can automatically suspend income for leases that have been delinquent for 90 or more days. The system's Suspended Earnings update allows earnings for a non-performing lease to be suspended while billing while accurate G/L reporting continues. Invoicing and accruals continue with no interruption.

LeasePak supports tracking of depreciation benefits on an individual asset basis with the ability to isolate these benefits for a specified subset (e.g., all assets placed in-service during the previous fiscal year)

LeasePak allows the user to transfer a lease or asset from one accounting unit (portfolio, company, region, and office) to another accounting unit.

Support for interest bearing loans with several alternative principal/interest repayment methods. Recurring charges are billed concurrently with lease rentals. May be established as needed and collected on behalf of lessor or 3rd party. System controls assessment waivers through customizable waiver limits and authorities. Payments may be applied based on a payment hierarchy. The payment hierarchy will apply the payment made from the oldest invoice to the most recent. Group billing consolidates several leases for one customer into a single bill.

LeasePak provides the ability to discount lease payment streams which may then be sold to investors. The lessor does not administer the sold, discounted leases, but does track them in a separate portfolio which does not affect the books of the lessor's own portfolio.

LeasePak is able to track selected prior year-to-date information. The End of Year process will transfer the data from the Lease table to the new Year-to-Date History table. The YTD history of the lease will be stored by lease by year.

LeasePak provides the ability to segregate the LeasePak database into individual portfolios. Each portfolio can operate completely independently within its own set of custom LeasePak parameters. Access to the database may be restricted for an individual user at the portfolio, company, region, office, and vendor levels.

• Collateral Tracking
• Disburse Commission Check to Vendors
• Lease Exntesion
• Reversal of Sale of Asset from Inventory
• Unguaranteed Residual for Payoff Quote (Exclude)
• Warning In-Service Date
• Lease Discounting
• Leveraged Lease Accounting
• Portfolio PowerVu
• Lease Executive Dashboard

The Collateral Tracking Module provides tools required to track the receipt of ownership and protection documents on an asset, including certificates of ownership, UCC filings, and insurance policies. This module features flexible assignment of accounts, flexible work scheduling for each collateral clerk, all required information on the account, and recording all written and conversational communication during the process of following up for ownership documents.

Collections management
LeasePak provides a comprehensive tracking and reporting system to assist in the collection of delinquent lease payments. This module includes the flexible assignment of accounts, flexible scheduling of work for each collector, all required information on the delinquent account, and recording of the written and conversational communication between the lessee and collector.

Insurance policies tracking and workflow management
LeasePak may be used to keep track of all insurance policies that have expired. Accounts with an expired policy or a policy that is about to expire may be tracked through until the policy is current. This function includes several tools, including a schedule of daily work to be processed, a summary of each policy and a notebook record of the written and conversational communication between the assigned insurance clerk and the lessee.

Automatic termination
LeasePak may be configured to automatically terminate leases 120 days delinquent during end of month processing. Individual new leases must be coded as eligible for auto charge off, should they meet the delinquency criteria.

• Lease Executive Dashboard
• Portfolio PowerVu
• ViewIT Data Warehouse
• Multi-Portfolio Processing
• Multiple Banks
• Forecasting

• Batch Payment Processing
• Multiple Banks
• Partial Deductions
• Electronic Accounts Receivable (PAP/ACH)
• Advance Invoicing
• Advance Invoicing - Renewal
• Delayed First Payment
• Enhanced Payments
• Month End Accrual Invoicing
• Sales Tax on Assessments
• Cash Control
• Off Lease Billing
• Increased Recurring Charges
• Customer Service Tracking
• Collection Tracking
• IBL Batch Payments
• Concerto Predictive Dialer

The Collections Tracking Module provides provides a comprehensive tracking and reporting system to assist in the collection of delinquent lease payments. This module includes the flexible assignment of accounts, flexible scheduling of work for each collector, all required information on the delinquent account, and recording of the written and conversational communication between the lessee and collector.

Up to 15 recurring charges may be established. Recurring charges are billed concurrently with lease rentals. These may be established as needed and collected on behalf of the lessor or a 3rd party.

Group billing consolidates several leases for one customer into a single bill.

LeasePak offers full flexibility for contract-level or asset-level billing and reporting. LeasePak offers tracking of ROA across multiple contracts and portfolios, for the life of the asset.

Advanced invoices for a lease can be produced up to 120 days before the due date. Such invoices have no effect on the General Ledger until they reach their accrual dates, a maximum of 30 days before the due date.

• Customer Service Tracking
• Concerto Predictive Dialer
• IBL Inquiry Report
• Maturing Lease Tracking

The Customer Service Tracking Module provides very flexible, user-controlled work schedules and a detailed Lease Summary inquiry. A customer service representative may use the work schedule to keep track of incoming requests, commitments for service, etc. The user adds and deletes items from the work schedule. Items are prioritized according to criteria established by management for all module users. From the work schedule or from any screen in LeasePak, the customer service representative may access a detailed summary of any lease in the system.

LeasePak offers the ability to automatically extend or renew a lease at maturity. The extension/renewal may be structured with a specified term or month-to-month, with a variety of options.

• PTMS Interface
• Vertex Interface
• Alternate Tax Basis
• Disburse Upfront Sales Tax
• Property Tax Description
• Sales Tax on Assessments
• Transit Tax
• Value Added Tax

LeasePak's depreciation and sales, use, and property tax reporting expedite portfolio tax reconciliation and deliver full documentation for auditability. LeasePak's table-driven architecture simplifies ongoing compliance with changing tax requirements.

LeasePak supports charging value added tax (VAT) in locations where it is assessed. The VAT may be charged on periodic rentals just like other sales/use tax or may be charged both upfront as a percentage of the acquisition cost and during the lease term on only the interest portion of payments.

LeasePak calculates and reports CCA, a Canadian tax deduction that may be claimed annually on depreciable property. LeasePak offers seamless integration with popular tax software programs from PTMS and Vertex, Inc.

LeasePak supports charging value added tax (VAT) in locations where it is assessed. The VAT may be charged on periodic rentals just like other sales/use tax or may be charged both upfront as a percentage of the acquisition cost and during the lease term on only the interest portion of payments.

• Lease Executive Dashboard
• Portfolio PowerVu
• ViewIT Data Warehouse
• IBL Inquiry Report
• Suspense Item Accounting and Reporting
• Master G/L Reconciliation Report
• Forecasting

• Forecasting
• Off Lease Billing
• Lease Extension
• Maturing Lease Tracking
• ViewIT Data Warehouse

• Insurance Tracking
• Collateral Tracking
• Reversal of Sale of Asset from Inventory
• Off Lease Billing
• American Lease Insurance Interface

LeasePak offers tracking of depreciation benefits on an individual asset basis with the ability to isolate these benefits for a specified subset (e.g., all assets placed in-service during the previous fiscal year).

LeasePak provides the ability to reverse many transactions and events in the life of a lease. All such changes are subject to predefined access and security parameters, are triple-audited, and trigger appropriate recalculations. Midterm adjustments may be invoked for the extension of a lease, the amount of payment, skipped or seasonal payment, change of asset, change of asset location. Additionally, payables may be reversed and checks may be voided.

LeasePak moves assets to inventory at the lower of Net Book Value or Fair Market Value with no interruption in tax accounting.

LeasePak supports tracking of depreciation benefits on an individual asset basis with the ability to isolate these benefits for a specified subset (e.g. all assets placed in-service during the previous fiscal year)