CONSUMER PRODUCT LEASING CASE STUDY

Client Profile
A lease or rent-to-own lender for a variety of consumer goods through third party retail stores and outlets.

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Client Location, Areas Served
Southwest US serving selected states.

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Conversion From
All Lease agreements and forms as well as payment schedules were maintained on Excel spreadsheets along with the accounting software to maintain opening finance amounts and cash receipts.

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Problems to Resolve
Support future growth and addition of stores would require fast credit approval, automation and streamlining of current processes. Obtain on-demand and accurate financial, product and customer analysis.

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Ryznware™ Results and Benefits

✓ Document templates and auto generation

✓ One-click credit bureau integration
✓ ACH payment integration

✓ Lookup price tables for ease of lease schedule setup
✓ MACRS and straight-line depreciation tracking
✓ Various incentive payment and payoff programs
✓ Collection module with note tracking
✓ Comprehensive reporting
Starting with the core lease accounting software system, the customers and store profiles provided a historical reference and lookup for repeat business. Lease setup was simplified through the use of a price table for payment schedules reducing error and time. With a payment schedule stored and readily accessible, all transactions and collection activities could be based on current payment position and balances while allowing for a variety of restructure and payoff scenarios. A second phase origination system allowed for document template storage with revisions and automatic generation of lease requests and on demand credit reporting