EQUIPMENT LEASING FUNDER CASE STUDY
Spreadsheets would become unmanageable to sustain growth
Client Profile
Equipment leasing funder to owner based businesses primarily in the agricultural sector.
Client Location, Areas Served
Central Canada serving primarily central, western provinces.
Conversion From
Mix of manual, Word document templates and Excel spreadsheets to store record lease inventory and consolidate lease payment schedules and calculations
Problems to Resolve
Although the “home-grown” system was intelligently organized and structured for minimizing error and re-entry, the client understood that it would become unmanageable under the current and rapid growth rate.The high priority issues to resolve included:
✓ Being ahead of the curve and become proactive instead of reactive for key lease dates
✓ Achieve both time and efficiency gains through payment tracking and posting automation
✓ Obtain consolidated and detailed portfolio management information
✓ Streamline data entry from reapplication of repeat business data
✓ Obtain collection and delinquency visibility
Ryznware™ Results and Benefits
✓ Track and manage in-house versus securitized leases
✓ Streamline overall lease administration operations
✓ Ability to provide custom lease configurations
✓ Obtain real-time cash results and projections for customer payment inflows vs funder outflows
✓ Gain back valuable time from mundane data entry tasks
✓ Strategic gains from external funder participation resulting in 200% portfolio growth