Advanced Billing

Keeping up with the benefits and uses of the more than 30 modules and integrations built for ASPIRE can be a tall task, so we started Module Mondays to share a little more about these functionalities for our ASPIRE users and prospects alike.

First up: Advanced Billing.

ASPIRE’s Advanced Billing module features a flexible invoicing system that is configurable to meet unique customer needs without having to create invoices off line. After that, there is only one word that you need to know: unlimited.

As in Advanced Billing lets you create an unlimited number of extremely configurable Invoice Codes. ASPIRE utilizes Invoice Codes for the format that invoices will be presented and the manner that invoices will be distributed (print, email or no print). ASPIRE also utilizes configurable Transaction Codes that store the invoice description, as well as the accounting and taxability rules, and the types of charges that will be billed and invoiced (like rent, maintenance, etc.).

Additionally, the Module allows for the storage of each invoice that has been created at the transaction level and provides the ability to view, print and/or email all historical invoices.

And when it comes to processing, invoices can be created in bulk for recurring billings (rent, pass through maintenance, late fees, etc.).

Want to learn more about Advanced Billing in ASPIRE? Email us at info@leaseteam.com or visit our website at www.leaseteam.com

Main Contract Overview

Are you having questions about the main contract screen in ASPIRE? The main contract screen in ASPIRE is used to display details on existing contracts in the system. This screen also contains the Book Contract button for booking a deal and making the GL journal entries. Want to learn more? Click the link and login with your password. Once you have logged in, click the ASPIRE Help link. From there, click on the area for Contract Explorer. Look under the Information area and click Main. http://ow.ly/Ug18w 

Want to learn more about what ASPIRE has to offer? Visit our website at www.leaseteam.com

Benefits of an End-to-End Solution System

With the allergy season upon us, many of us will be dealing with watery eyes and sinus pressure. So while you may be dealing with seasonal congestion, many equipment finance companies have been struggling with it year round. However, their issues aren’t with allergies; they are with their current equipment finance system.

Many equipment lease and finance companies are bogged down by having different front-end and back-end systems.  Although an effective treatment for allergies may seem hard to find, there is a cure for a sluggish system with limited functionality.

With ASPIRE, you’ll find relief in an end-to-end single system lease and loan management solution. LeaseTeam’s system allows businesses to stop talking about front-end and back-end processes and begin talking about a total transaction engagement lifecycle. Since equipment finance transactions are no longer linear; companies need a system that will provide an all-encompassing view of their business.  

While you may still struggle with allergies, the efficiencies of single system processing will certainly bring relief from operational congestion.

Advanced Document Management

Do you ever wish that your kids would automatically make their beds in the morning without reminding them? While their instinct to do this when they first roll out of bed may be out of your control, there is one thing you can count on to automatically do its job when you need it. ASPIRE’s Advanced Document Management module provides you with two new features that are sure to leave you with that feeling of control and security that your children are always challenging. With the module, you can generate secure PDFs that are not editable through Adobe Acrobat, which automatically default to read (SECURED) in the document window title. Also, you can merge multiple Word docs and PDFs into a single document. Plus, the generated combined document defaults to read 'Document Package' (Code DOCPACKAGE'), which allows you to distinguish your old documents from the new merged one easily! Furthermore, The Modified By and Created By default to the logged in user name and the best part is, you don’t even need to remind it to!

To learn more about ASPIRE’s Advanced Document Management module, check out our website at www.leaseteam.com or email us at info@leaseteam.com.

Consolidated Notes Overview

Are you struggling with your contract consolidated notes in ASPIRE? The contract consolidated notes screen Contains all notes for the transaction on one screen. Want to learn more? Click the link and login with your password. Once you have logged in, click the ASPIRE Help link. From there, click on the area for Contract Explorer. Look under the Information area and click Consolidated Notes. http://ow.ly/Ug18w 

Want to learn more about what ASPIRE has to offer? Visit our website at www.leaseteam.com

Does Your Lease and Loan Management Solution Contain Soft Skills?

When a company is looking to hire, they typically summarize the skillset they need to fill the position. All too often though, the list doesn’t contain the “soft skills”. Recently there has been a lot of importance put on also considering a candidate’s soft skills as part of the hiring process.

Although you may have factored in soft skills into your hiring process, chances are you haven’t thought about how those same attributes should be applied to your lease and loan management solution. Now, I am not implying that your solution needs to be emotionally intelligent, or possess any other interpersonal skills. However, looking for a few of the following attributes will help you bridge the gap between basic functionality and a system that is truly innovative.

Dependable

One of the things that distinguish a good employee from a bad employee is their dependability. No one wants to walk into work every day and not be able to count on their employee doing their job, and it is the same for your system.  You lease and loan management solution is an integral part of your business that you need to be able to rely on.

Transparency

This quality often provides essential alignment for workflow efficiencies and trust in a person or a product. Being able to see the entire process of how your system works will allow you to troubleshoot when there is an issue. If there is a lack of transparency, then those issues will not be resolved as quickly - if at all.

Adaptable

Similar to a potential employee, when selecting a lease and loan management solution, you also have to consider whether or not that solution has the capability to grow with your company. These kinds of investments should be scalable to grow with your business and to handle the changing requirements that may come with that growth. If your software or potential employee is only capable of working within a static framework, you’ll quickly outgrow one another.

Flexible

More and more companies are hiring employees based on their ability to fill more than one role within their company, and it is the same for lease and loan management solutions. A system needs to be flexible and be able to handle the changing needs of your business. Furthermore, the system should be able to either anticipate changes or be able to accommodate those changes during runtime without disruption. 

While it would be odd to refer to these skills as being emotional intelligence, they do take on different role in software. The combination of these attributes may be as important to highlighting the best technologies as they are to highlighting your next great employee. So you really have to sit back and ask yourself “Does my software have soft skills?”

Don’t Forget a Jacket! And Other Important Conference Tips: (Before You Go…, Session Necessities, Networking Tricks, Take Something Home, etc.)

It’s conference time again! Just kidding, it’s always conference time in the lease and loan industry. Why you ask? Because we are a constantly evolving environment, with new rules, regulations, techniques, and technology coming out faster than we can keep up with! All of these things and more are the reasons you need to go into your conferences firing on all engines to get the most bang for your buck, and your brain.

Whether you are jetting off to a sunny spot or roughing it in a tundra somewhere, conference must-haves and must-dos stay the same. Take it from LeaseTeam on what not to forget when traveling from your home to hotel room, room to classes, and back home again:

Take Something Home:

·         Follow up with some of the connections you made. Did you discuss something you were interested in? Was there talk of new business? Finish your conversations and take advantage of the connections! Continue to add connections you made on LinkedIn.

·         Share the wealth! You may have learned something your coworkers do not know. Hold a meeting or two discussing the new things you learned and the people you met. Hand out some the note you took. Discuss whether you will return and why.

·         Give honest feedback! This is probably one of the most important things post-conference. Many companies will make surveys available during or after a conference to measure their success. Did you go to a conference and leave unimpressed or feel you wasted your time? Tell them! Did you love the conference and hope to attend more like it? Tell them! You may be able to help them improve for next year, which you could possibly be returning to!

o   Does your company hold a conference? Tell your conference planner what you do and don’t like about the ones you attend.

 

Don’t forget to register for the LeaseTeam, Inc. User’s Conference June 6-8th!

Collateral Overview

Not sure what contract collateral is in ASPIRE? The contract collateral screen provides you the ability to attach collateral items to a transaction. A unique, system-generated collateral number is auto-assigned to each new item and is uneditable. Want to learn more? Click the link and login with your password. Once you have logged in, click the ASPIRE Help link. From there, click on the area for Contract Explorer. Look under the Information area and click Collateral. http://ow.ly/Ug18w 

Want to learn more about what ASPIRE has to offer? Visit our website at www.leaseteam.com

Scheduled Billables Overview

Struggling with recurring charges in ASPIRE? Scheduled Billings will help you schedule recurring charges that are added to a contract in ASPIRE. Individual payment streams can be setup to accommodate multiple fees and different payment frequencies. Want to learn more? Click the link and login with your password. Once you have logged in, click the ASPIRE Help link. From there, click on the area for Contract Explorer. Look under the Billing area and click Scheduled Billables. http://ow.ly/Ug18w 

Want to learn more about what ASPIRE has to offer? Visit our website at http://www.leaseteam.com/ 

Don’t Forget a Jacket! And Other Important Conference Tips: (Before You Go…, Session Necessities, Networking Tricks, Take Something Home, etc.)

It’s conference time again! Just kidding, it’s always conference time in the lease and loan industry. Why you ask? Because we are a constantly evolving environment, with new rules, regulations, techniques, and technology coming out faster than we can keep up with! All of these things and more are the reasons you need to go into your conferences firing on all engines to get the most bang for your buck, and your brain.

Whether you are jetting off to a sunny spot or roughing it in a tundra somewhere, conference must-haves and must-dos stay the same. Take it from LeaseTeam on what not to forget when traveling from your home to hotel room, room to classes, and back home again:

Networking tricks:

·         Keep your head up! This is vital, but easy to forget when you always have your phone to distract yourself. Make sure you are approachable with your right hand always free for a handshake.

·         As mentioned in the “Before Leaving” chapter, Read and study exhibitor and attendee lists if they are available and make targets. Keep an eye out for their nametags in-between sessions and at events. If all else fails, just ask one of the hosts to point you towards them.

·         Also mentioned in “Before Leaving,” be generous with your abundance of business cards that you so tactfully brought with you.

·         Don’t autopilot your conversations, be respectful and make the conversation about them and their company instead of only answering questions. You never know what you might find out.

·         Seek out connections you may have already had, and use the face-to-face opportunity to manage them.

·         Use your resources to connect. LinkedIn is an excellent way to keep people’s information. You don’t need to have your phone in your hand, just have it in an accessible place for when you may want to grab someone’s name quickly.  Don’t think your LinkedIn profile is up to speed? Here are some tips to get it there (link http://blog.hubspot.com/blog/tabid/6307/bid/23454/The-Ultimate-Cheat-Sheet-for-Mastering-LinkedIn.aspx#sm.0000062iimuap2dpys22u4e39ojcc ) .

·         If you don’t have time to connect in-between sessions or at the after-hours events, use breakfasts and lunches as a way to sit down with someone new. Use a good meal as your ultimate icebreaker.  

 

Be on the lookout for an upcoming blog on: Take Something Home

Registration for the 2017 LeaseTeam, Inc. User’s Conference (June 6-8th) opens in April!