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Odessa Leasewave
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Odessa Leasewave 2020-12-01
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Odessa is a software company exclusively focused in the leasing industry, and the developer of the Odessa platform.

Headquartered in Philadelphia, USA, Odessa’s asset finance solutions and workforce of 850+ power a diverse customer base of leasing companies globally.

Odessa provides a powerful, end-to-end, extensible equipment finance solution for lease and loan origination and portfolio management.

The Odessa Platform further provides rich feature sets including developer tools, test automation, reporting and business intelligence to ensure organizations can more effectively align business and IT objectives.

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Odessa Leasewave 2019-05-16

The new lease accounting standard can change the manner in which investors can get a glimpse of the company’s financial overview.

Although with the aid of leasing tracking software and such tools, the leasing industry has evolved for the better, there is more to just the balance sheet that you must know about.

In this short write-up, let us find out more about the crucial elements related to Lease Portfolio Management.Key Aspects of Leasing Accounting StandardsFirstly, if you are engaged in the leasing business, to keep pace with the changes related to the accounting norms, you must ‘radically’ change the manner in which accounting is done in your company.

The same applies to all areas of leasing including leasing portfolio management.Secondly, all these companies will have to report all cases of leasing in the balance sheets as liabilities as well as assets.

It contrasts the practice wherein finance and capital leases were mentioned in the balance sheets all these years.

So, the changes are not as a replacement of the existing standards but in addition to them.Why Invest in Leasing Tracking Software?Regardless of whether you are dealing with fleet management or equipment finance, the role of lease tracking software cannot be undermined.

collect
0
Odessa Leasewave 2019-06-06

When it’s time to pay the lease amount to the landlord, do you pay the agreed amount or go back and check the details of your lease agreement to calculate if the payment is right?

The chances are that you are just going to transfer the lease amount and get back to work.

In many cases, the details of the lease are privy to the higher management and the staff in the accounts may not know the fine print.

Smart organisations choose the best lease administrating software that supports the new reporting and disclosure requirements for both the new ASC 842 (US GAAP) and IFRS 16 (international) standards.

How a lease administration software helps you save money!

If the landlord adds a wing, your portion of the payment will vary.

collect
0
Odessa Leasewave 2019-05-16

If you have to cater to several clients located in different locations, having a sound lease management system in place is mandatory for streamlining the functioning of your daily operations.

Regardless of whether you are addressing issues related to fleet management or equipment finance for your clientele, investing in a lease management platform definitely makes sense.

What Advantages Will You Enjoy from a Lease Management System?

Few of the benefits that you are sure to derive from such lease analysis software include the following-Date Management is CrucialIt isn't wrong to say that the basic function of the system is to serve as a reminder.

You can work out dates related to cancellation, renewal, dates of expiration with the help of this software.

Analyzing CostsTrack your expenses with the help of this custom software.

collect
0
Odessa Leasewave 2019-05-28

The new lease accounting standard can change the manner in which investors can get a glimpse of the company’s financial overview.

Although with the aid of leasing tracking software and such tools, the leasing industry has evolved for the better, there is more to just the balance sheet that you must know about.

In this short write-up, let us find out more about the crucial elements related to Lease Portfolio Management.Key Aspects of Leasing Accounting StandardsFirstly, if you are engaged in the leasing business, to keep pace with the changes related to the accounting norms, you must ‘radically’ change the manner in which accounting is done in your company.

The same applies to all areas of leasing including leasing portfolio management.Secondly, all these companies will have to report all cases of leasing in the balance sheets as liabilities as well as assets.

It contrasts the practice wherein finance and capital leases were mentioned in the balance sheets all these years.

So, the changes are not as a replacement of the existing standards but in addition to them.

collect
0
Odessa Leasewave 2019-05-28

The Financial Accounting Standards Board (FASB), in 2016, recommended many changes in financial reporting on leases and gave time until 2019 for businesses to adopt the new model.

The lease management system will allow you to seamlessly transfer your lease reporting, financials, and tracking to the digital platform, which will only benefit your business in the long run.

Here are three points that you need to carefully consider before you select a lease accounting software that will be perfect for your business.

Can the new system be integrated with the existing ERP system?If you have an ERP system for other processes, you need to look for a lease management software that seamlessly integrates with the current system.

Check for maintenance costs, hidden costs and upgrade chargesWhen you bring a new software application into your system, you may have to spend on hiring staff to work on the new system or set up the infrastructure that is compatible with the lease management system.

Apart from this, there could be hidden maintenance charges and upgrade fees that could rock your budget.

collect
0
Odessa Leasewave 2020-12-01
img

Odessa is a software company exclusively focused in the leasing industry, and the developer of the Odessa platform.

Headquartered in Philadelphia, USA, Odessa’s asset finance solutions and workforce of 850+ power a diverse customer base of leasing companies globally.

Odessa provides a powerful, end-to-end, extensible equipment finance solution for lease and loan origination and portfolio management.

The Odessa Platform further provides rich feature sets including developer tools, test automation, reporting and business intelligence to ensure organizations can more effectively align business and IT objectives.

Odessa Leasewave 2019-05-28

The new lease accounting standard can change the manner in which investors can get a glimpse of the company’s financial overview.

Although with the aid of leasing tracking software and such tools, the leasing industry has evolved for the better, there is more to just the balance sheet that you must know about.

In this short write-up, let us find out more about the crucial elements related to Lease Portfolio Management.Key Aspects of Leasing Accounting StandardsFirstly, if you are engaged in the leasing business, to keep pace with the changes related to the accounting norms, you must ‘radically’ change the manner in which accounting is done in your company.

The same applies to all areas of leasing including leasing portfolio management.Secondly, all these companies will have to report all cases of leasing in the balance sheets as liabilities as well as assets.

It contrasts the practice wherein finance and capital leases were mentioned in the balance sheets all these years.

So, the changes are not as a replacement of the existing standards but in addition to them.

Odessa Leasewave 2019-05-16

The new lease accounting standard can change the manner in which investors can get a glimpse of the company’s financial overview.

Although with the aid of leasing tracking software and such tools, the leasing industry has evolved for the better, there is more to just the balance sheet that you must know about.

In this short write-up, let us find out more about the crucial elements related to Lease Portfolio Management.Key Aspects of Leasing Accounting StandardsFirstly, if you are engaged in the leasing business, to keep pace with the changes related to the accounting norms, you must ‘radically’ change the manner in which accounting is done in your company.

The same applies to all areas of leasing including leasing portfolio management.Secondly, all these companies will have to report all cases of leasing in the balance sheets as liabilities as well as assets.

It contrasts the practice wherein finance and capital leases were mentioned in the balance sheets all these years.

So, the changes are not as a replacement of the existing standards but in addition to them.Why Invest in Leasing Tracking Software?Regardless of whether you are dealing with fleet management or equipment finance, the role of lease tracking software cannot be undermined.

Odessa Leasewave 2019-06-06

When it’s time to pay the lease amount to the landlord, do you pay the agreed amount or go back and check the details of your lease agreement to calculate if the payment is right?

The chances are that you are just going to transfer the lease amount and get back to work.

In many cases, the details of the lease are privy to the higher management and the staff in the accounts may not know the fine print.

Smart organisations choose the best lease administrating software that supports the new reporting and disclosure requirements for both the new ASC 842 (US GAAP) and IFRS 16 (international) standards.

How a lease administration software helps you save money!

If the landlord adds a wing, your portion of the payment will vary.

Odessa Leasewave 2019-05-28

The Financial Accounting Standards Board (FASB), in 2016, recommended many changes in financial reporting on leases and gave time until 2019 for businesses to adopt the new model.

The lease management system will allow you to seamlessly transfer your lease reporting, financials, and tracking to the digital platform, which will only benefit your business in the long run.

Here are three points that you need to carefully consider before you select a lease accounting software that will be perfect for your business.

Can the new system be integrated with the existing ERP system?If you have an ERP system for other processes, you need to look for a lease management software that seamlessly integrates with the current system.

Check for maintenance costs, hidden costs and upgrade chargesWhen you bring a new software application into your system, you may have to spend on hiring staff to work on the new system or set up the infrastructure that is compatible with the lease management system.

Apart from this, there could be hidden maintenance charges and upgrade fees that could rock your budget.

Odessa Leasewave 2019-05-16

If you have to cater to several clients located in different locations, having a sound lease management system in place is mandatory for streamlining the functioning of your daily operations.

Regardless of whether you are addressing issues related to fleet management or equipment finance for your clientele, investing in a lease management platform definitely makes sense.

What Advantages Will You Enjoy from a Lease Management System?

Few of the benefits that you are sure to derive from such lease analysis software include the following-Date Management is CrucialIt isn't wrong to say that the basic function of the system is to serve as a reminder.

You can work out dates related to cancellation, renewal, dates of expiration with the help of this software.

Analyzing CostsTrack your expenses with the help of this custom software.