Clareti Banking
Lending Functionality: Leasing
Solutions
Clareti Banking provides support for the management of a leasing business. Its powerful product configuration functionality allows users to define a wide variety of lease products with full reporting on either an enterprise-wide or 'product by product' basis.
Functionality available includes:
The ability to define a variety of capital/finance and operating leases, each with specific rates, terms and features
An ability to handle a variety of financing alternatives, including balloon payments, payment holidays and other features that can help you provide superior customer service
Full integration with the Clareti Banking General Ledger system for the automated posting of accounting entries
Full support for the calculation of depreciation and/or amortisation via the integrated Fixed Assets module. This incudes the ability to use one method for accounting purposes and another for tax reporting purposes and reporting to support these features is standard
The ability to manage collateral consisting of both the leased asset and any other collateral taken in support of the contract (e.g. cash deposits, guarantees, etc.). The Clareti Banking Collateral Security module is fully integrated with the Leasing module and provides diary notes and reporting to support security registration and renewals as required
Cheque writing capability through the Clareti Banking Manager's Cheque module
Full reporting is available in a variety of ways, including: Standard reports produced on a defined schedule and 'Ad hoc' reports run on demand
Lending Functionality
