- Use the fleet financial product to create and manage service or insurance contracts.
- The new asset repurchase feature enables leasing companies to designate the party responsible for buying back the asset at the end of the operating lease and automatically generate the repurchase invoice.
- The Mileage Assessment function allows leasing companies to periodically review mileage, optimizing customer costs. Exceeding the mileage limit incurs fees, but adjusting the limit mid-contract may be more advantageous.
- Enhanced direct debit dishonour functionality automatically re-applies failed payments. The amount can be split into smaller portions (principal, interest, etc.).
- Include the manual sales invoice in the contract direct debit schedule automatically.
- Configure service and insurance prices as annual % from base price.
- An improved service price change during mid-contract permits the application of the new price retrospectively or to future periods.
- Use the VAT Rate Change feature to update the application and contracts when VAT rates change.
- Use revenue recognition schedule for operating leases to account for situations where rental payments are made quarterly, while revenue recognition occurs on a monthly basis.
- Use pre-configured mileage options on contract.
- Full-service lease G/L accounting with financed services, using service provisions and linear amortization over the contract term.
- Manage the budget control for contract services on purchase documents.
- Utilize the simplified purchase invoice sub form to facilitate more efficient data entry.
- Update financed services or insurance on mid-contract.
- Reuse documents from recent applications or contracts.
- The platform's "Reverse Transaction" functionality now uses the Work Date when the accounting period is closed for a Posting Date.
- Utilize a dedicated vendor posting group for each financial product.
- Customer-level arrears aging buckets.
- Assign regular installment payment term on contract level.
- System layout simplified according to customer modules purchased using application area properties.
- Calculate exposure for operating lease based on scheduled outstanding or asset book value amount.
- Fix quote or application validation errors directly on validation page.