From sales and contract origination through remarketing and asset disposition, Oracle Lease Management provides end-to-end automation and a foundation for growth. Designed for asset based finance companies, Oracle Lease Management is a comprehensive application that leverages the power of the Oracle E-Business Suite to help you increase operation excellence and discipline, capture new markets and optimize business relationships.
Oracle Lease Management is part of the Oracle Financials family of applications, and integrates seamlessly with other Financials applications, including but not limited to Oracle General Ledger and Oracle Financial Intelligence.
Oracle Lease Management helps Achieve operational excellence by giving a complete view into your business to support good decisions, implementing controls to comply with evolving regulations and, most importantly, automating end-to-end business process to dramatically improve efficiencies and lower costs.
Oracle Lease Management offers an immediate access to a single source of information for customer, investor, vendor, asset, contract and invoice information. While other vendors implement a separate data warehouse, Oracle delivers embedded business intelligence for unparalleled access to critical business information.
Oracle E-Business suite’s Lease Management solution provides standard and configurable processes that manage and control your entire lease portfolio. These processes help companies reengineer and automate processes to maximize the end-result.
Accounting for lease transactions must conform to accounting principles and standards that vary from region to region worldwide. Oracle Lease Management uses a powerful accounting engine that generates the proper accounting for each financial product separately. To ensure accuracy, you can view your accounting entries in Oracle Lease Management prior to transferring them to the general ledger. To facilitate audits, Oracle General Ledger provides drill-down capability from journal entries to the original transactions in the Oracle Lease Management subledger.
Administrative costs are among the highest expenses of an asset-based finance company. Streamlining traditionally labor-intensive processes, such as contract authoring, reduces origination time and lowers administrative costs improves the bottom line and frees up valuable resources to focus on corporate objectives.
Leasing enterprises streamline operations by defining financial products (e.g., operating, direct finance and sales type leases and loans) with standard contract terms that generate desired accounting results in order to simplify review and approval. Oracle Lease Management uses productivity tools, such as templates, contract copying capabilities and data import to capture contract information, account for transactions and track lease and assets details. By using master agreements and financial products, you enter contract terms and product data only once, streamlining the contract origination process.
Oracle Lease Management allows you to import contracts originated in other applications, and apply Oracle Lease Management’s quality-control validation to contracts with statuses ranging from newly entered to fully active.
Oracle Lease Management provides self-service account management to reduce the administrative costs of serving vendors and customers. With customer self-service, customers can perform many of the administrative functions that call agents traditionally handled. With vendor self-service, authorized vendors can view and request updates to information on lease contracts, program agreements, and transactions without the need to contact call center agents. Vendors and customers can review their invoices, request termination quotes, update bill-to sites, make payments, and more. These processes are workflow driven, which gives you ultimate control by automatically enforcing contract and business rules.
Manage Relationships with Customers:
Oracle Lease Management integrates with Oracle’s Interaction Center Intelligence to manage inbound calls and route them efficiently to appropriate resources. This integration also provides advanced outbound call management technology for making collections or other routine customer service calls. To further streamline customer relationship management, Oracle Lease Management integrates with Oracle Collections to enable you to centrally manage collection efforts across all lines of business.
Manage Relationships with Vendors:
Oracle Lease Management - Vendor programs manage the terms and conditions that govern the responsibilities of multiple parties participating in a lease or loan transaction. Vendor program terms and conditions play a significant role in driving the creation, management, and execution of the lease or loan. Oracle Lease Management lets vendors and manufacturers independently view and update certain information on vendor programs and the associated lease contracts with vendor self-service.
Manage Relationships with Investors:
Oracle Lease Management allows You can setup an agreement with an unlimited number of investors, each with a defined stake and sharing percentages and link this agreement to a lease or loan contract. Then, you can create and manage syndication and securitization agreements using the investor agreement functionality to manage billing and receipt of the investment, cash disbursement to investors, and communication of critical information. You can create a pool of future receivables using a wide variety of attributes for customers, contracts, and assets and link this receivables pool to an investor agreement. Once the investor agreement is created, Oracle Lease Management manages disbursements to the investors and uses the investor agreement terms and conditions to manage the lease and loan contract.
Oracle E-Business Suite— Oracle Lease Management, the Complete Solution:
Oracle E-Business Suite enables leasing companies to efficiently finance lease and loan products, manage customer and vendor relationships, bill and collect payments, disburse funds to vendors and investors, track and account for assets and more—all from applications that are built on unified information architecture. This information architecture provides a single definition of your customers, vendors, suppliers, employees, and financial products—all aspects of your business. Oracle E-Business Suite enables you to share unified information across your entire leasing enterprise so you can make smarter decisions with better information.