Executive Summary:
The end of the lease is as important as the signing
Protect your profit margin by collecting all amounts due
Loss Mitigation Recovery Management System
System helps you track and collect your fees and provides comprehensive
information for both collections and accounting when the balance sheet shows
amounts due for excess mileage, wear & tear or contract deficiencies.
Loss Mitigation Recovery Management System In-Depth
Details on the lessee's liability amounts are not impacted by charge off
accounting entries.
Through an online function, the collector can obtain complete and accurate
information on the lessee's liability amounts including original balance,
payments received, adjustments and remaining balance.
Also, the collector can make any concessions or adjustments through this
function; the changes are reflected immediately on the lessee's statement.
Automates billing and collecting amounts on closed out accounts for
end–of–term balances (excess mileage and wear & tear) and charged off amounts
(contract deficiency balances).
New general ledger accounts provide the details needed to perform
profitability analysis.
Tracks and manages accounts in recovery and accounts that have been assigned
to outside collection agencies.
KnowledgeBank
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