VEHICLE AND EQUIPMENT LESSOR CASE STUDY

Unable to track real payment due dates

Client Profile
Provider of automotive lease financing for used vehicles.

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Client Location, Areas Served
Eastern Canada serving mostly Ontario

Conversion From

RM/Cobol based software supplemented by a mix of manual Word document templates and Excel spreadsheets to track lease payments, invoice clients, and prepare correspondence

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Problems to Resolve
The current system tools did not provide the ability to track and generate a customer payment schedule based on actual due dates and payment intervals and lacked the ability to provide comprehensive and overall portfolio tracking, reporting or metrics analysis. Valuable time and resources were being lost due to the necessary manual entry of the initial lease data into the various templates used, thus increasing the possibility for human error. The client realized that the current system would not be able to support their business as their lease volume continued to grow.

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Ryznware™ Results and Benefits

✓ Retain their unique amortization markup calculation that could not be altered
✓ Conserve their report requirements and formats that could not be changed
✓ Track and manage lease information in one database
✓ Have ability to produce customer documents from one integrated database
✓ Streamline overall lease administration
✓ Gain back valuable time and resources from mundane data entry tasks
✓ Access comprehensive data by all users in real-time
✓ Obtain timely period end accounting reports