RAM’s lease management tool provides complete control of both finance and operating leases. It will prove invaluable to all companies that incorporate a leasing policy for asset purchases or require better controls on asset rentals.
- Manages both auto-generated and user-definable payment schedules, either in advance or in arrears.
- Provides for multiple interest calculation methods, including Equal, Actuarial and Sum-of-Digits (Rule of 78).
- Apportions lease payments between finance charges and the outstanding liability.
- Leases can be terminated or rescheduled at any time and charges are automatically re-calculated.
- Monitors expiration dates to prevent costly automatic extensions.
- A full history of payments and events is held against each lease.
- All management and statutory reports comply with SSAP21 and IAS17.
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