AmberLeasing - scalable solution for Leasing
This scalable and dynamic solution for leasing process management enables company to manage every aspect of the main lease processes, starting with quotation, up to expiration of leasing contract. The module ensures effective administration of the company’s leasing activities and it is integrated with the General Ledger, Sales&Purchases, Fixed Assets and other Microsoft Dynamics NAV modules.
Columbus solution "AmberLeasing" for leasing process accounting and management is based on Microsoft Dynamics NAV. Please read below about key features of this solution for Leasing and contact us for any questions.
Management of Market Participants (Contact) Data
Market participants (contacts) are clients, suppliers, insurers, property sellers, creditors and direct market participants. Contact card contains such information as: address, whereabouts of contact people, company/ ID codes, VAT payers’ code, invoice delivery methods, direct debit agreements, etc.
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Leased Property (Asset) Management
All leased property in the system is accounted as long term assets. This enables the use of long term assets functionality: purchasing, depreciating, and other functions.
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Leased property accounting is carried out according to the payment schedules in lease contracts. This allows controlling purchased property, making necessary purchasing agreements, receivables control, printing of necessary documents.
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Quoting and Lease Agreements
In the system a Leasing project starts from a Quote, and then a Leasing Agreement Project is prepared on the basis of such Quote. This transaction allows historical records that can be utilized for more efficient project management.
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Lease-Related Documentation Management
All functional areas of the system have tools for printing relevant documentation. Documents may be based on data both directly from the system, and from templates, prepared in Word or Excel.
Invoice Preparation and Printing
Substantial invoicing volumes require process automation. System has an option for automatic generation and registration of mainstream invoicing procedures. Special function can be applied to automate processes for creating other kinds of invoices: for administrative charges, realty tax compensation, and regular installments under the lease agreements with floating currency rates.
Receivables and Debt Management
All payments, paid by customers for leasing, are classified as payments, covering certain debt according to schedule, or prepayments. Customer’s debts/payments for lease are broken down into following installment parts for deeper analysis: Principal, Interest, Administrative Fee, Downpayment, Financial Charges, VAT on Principal, VAT on Interest, Deposit, Advance, Services and Insurance. Separate ledger accounts can be used to record customer’s debts under different lease installment parts.
Credit Lines Accounting and Analysis
Loan module allows management of credit lines and payment schedules. This module gives control over credit line usage, installments, interest calculation, and registration.
Leasing Portfolio Accounting and Management
Leasing portfolio is managed in national currency as well as in currencies from leasing agreements. Value of the financial leasing portfolio is revaluated, depending on the effects of changes in currency exchange rates.
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