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Equipment Leasing Broker

Client Profile
Provider of equipment leasing financing to small businesses.

Client Location, Areas Served
Western Canada serving western provinces and NWT.

Conversion From
Blend of manual, Excel and DOS based software for basic posting of cash receipts and lease balances.

Problems to Resolve
The lack of any system structure and related work flow or procedures was problematic for many reasons. The client realized that the current and disjointed system could not support future anticipated growth. Problems that needed to be resolved included:

✓ High occurrence of manual errors with real cost value
✓ Inability to track entire lease life cycle
✓ No centralized data available to all users
✓ Restricted or limited collection tracking
✓ Lackluster customer service due to inaccuracies

Stated Business Needs

✓ Manage both brokerage and servicing activities within one integrated system
✓ Achieve accurate and timely reporting to external funders
✓ Have ability to service leases after sale
✓ Track asset insurance and Liens
✓ Automate and stream-line pre-authorized payments
✓ Maintain flexibility of finance offerings through various restructure and payoff options

Ryznware™ Implementation Results and Benefits
Once each lease contract transaction history had been recreated from the various system input sources, the result was a totally integrated, accurate and centralized database that all users could share and obtain both real-time and prior period results from. Time spent in month end accounting and reporting activities was greatly reduced due to real time data posting and elimination of needless data re-entry. Program tailoring of equipment leasing software ensured that external funder report packages were designed in their desired formats so that the changeover appeared seamless, yet included additional and valuable data not previously available.

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This document may not be duplicated or distributed without the express written consent of Ryzn Enterprise Systems Inc.

Have a Quick Question?

Whatever the scope of your unique asset finance activities, Ryznware™ software solutions
can provide your business with many tangible and real benefits with one all-inclusive and
affordable monthly payment.

“Our back end system was non-existent and payments and notes were being recorded on index cards. We had lost complete control of our lease portfolio and errors happened frequently and often went unnoticed.

Ryzn’s expertise together with the Ryznware™ software helped and guided us through a data migration and conversion from manual records to an organized database.  Our business has been completely transformed into an efficient operation all while allowing us to retain the flexibility needed when dealing with our customers.”

–  Independent commercial equipment leasing company in Edmonton, CA.

Want to know more?

It’s easy to talk with us – no pressure, no salespersons – simply request a callback. We are always interested in discussing your business needs and exploring options.