LeaseWorks Signs BBAM as First Customer for Newly Launched Utilization Tracker

Analytics Product Provides Critical Support for Lessors in Managing Utilization Data and Compliance Risks

LeaseWorks®, a leading provider of cloud-based solutions and services, announced the signing of BBAM, one of the world’s leading aircraft lessors, with more than $15 billion in aviation assets under management, as its first customer for the recently launched LeaseWorks Utilization Tracker within the Aeris™MATCH software ecosystem.

“We are delighted to expand our long term relationship with BBAM with the roll out of the Utilization Tracker module. Analyzing up-to-date utilization information is central to BBAM’s ongoing ability to effectively manage their growing aircraft portfolio”, says Haseem Vazhayil, CEO at LeaseWorks.

With the advanced analytics platform and the ability to integrate with other LeaseWorks products easily and cost-effectively, the Utilization Tracker facilitates the collection of utilization data for BBAM’s global airline customers and asset groups.

“As a long-time customer, BBAM has been impressed with the functionalities of LeaseWorks new Utilization Tracker product. While there are similar offerings in the marketplace, we have found that this product has the differentiated ability to seamlessly integrate into our existing LeaseWorks platform, delivering operating efficiencies,” explains Vincent Cannon BBAM’s General Counsel and Chief Operating Officer.

The LeaseWorks team also calibrated the Utilization Tracker with BBAM’s fleet data to demonstrate the product’s capacity to identify specific aircraft that were non-compliant. “Given BBAM’s need to automate the monitoring of no-fly zones and alerting around this, we are happy to give their compliance teams new tools to make timely decisions about their fleet’s operations,” adds Vazhayil.

The Utilization Tracker provides monthly hours, cycles, and airport movements data for the globalfleet, enabling analytics across any lessor’s portfolio, airline’s fleet, or individually about any aircraft in the world. Lessors can leverage the powerful capabilities of this product with critical insights into their own fleets and portfolios, including:

Mitigating Compliance Risks:
Up-to-date data on aircraft movements enables lessors to track and ensure compliance. By avoiding prohibited jurisdictions or regions, lessors mitigate the risk of regulatory mishaps.

Up-to-date Monitoring and Mobility:
The Utilization Tracker provides lessors with up-to-date utilization data, which is accessible through an intuitive platform and mobile app, allowing users to monitor their fleet, access analytics, and make informed decisions on the go.

Tailored Marketing Strategies:
Understanding the fleet’s usage and utilization patterns is key to successful marketing efforts. The Utilization Tracker enables leasing professionals to tailor marketing strategies to specific airlines based on their utilization needs, maximizing the chances of successful partnerships.

Proactive Maintenance Planning:
Identifying underreported aircraft utilization is essential for maintenance planning. The Utilization Tracker helps lessors pinpoint potential underreporting by the airlines, ensuring accurate estimation of maintenance needs, end-of-lease adjustments, and maintenance reserves. This proactive approach optimizes operational efficiency and minimizes unexpected costs.

About BBAM

BBAM is one of the world’s largest and longest standing aircraft lessors providing over 100 airline customers in more than 50 countries with fleet and financing solutions, and the only significant manager in its sector focused exclusively on generating investment returns on third party capital. With more than 450 aircraft under management, BBAM employs over 140 professionals globally with offices in Dallas, San Francisco, Puerto Rico, Tokyo, Singapore, Zurich, and Dublin. BBAM is a full-service lessor and maintains its own in-house capabilities encompassing aircraft origination, disposition, lease marketing, technical maintenance, regulatory compliance, capital markets activity, tax structuring, legal, contracts and finance, for all asset types and strategies. www.bbam.com

LeaseWorks Launches Tracker to Aid Lessors in Collecting and Analyzing Utilization Data

Advanced Analytics Tool Provides Critical Insights into Leased Aircraft Usage to Optimize Operations and Maximize Revenue

Stamford, Connecticut – April 18, 2023 – LeaseWorks®, a leading provider of cloud-based solutions and services, announced the launch of a new tool, LeaseWorks Utilization Tracker within the Aeris MATCH™ software ecosystem, which aids aircraft leasing companies in collecting and analyzing critical aircraft utilization data from their airline customers.

Obtaining and storing accurate data on the utilization of leased aircraft is fundamental to lessors’ ongoing ability to effectively manage aircraft portfolios and optimize leasing operations. Collecting and analyzing such data can be a daunting challenge, particularly in a highly dynamic industry, where lessors and investors are sensitive to accurate reporting on how and where they are flown.

“One of the primary areas that lessors could benefit from is more timely data from airline customers on their aircraft utilization,” explains Juan Blanco, Senior Advisor, Customer Solutions, Architecture and Technology at LeaseWorks. “Collecting and analyzing data has previously been a manual and time-consuming process, yet this information is becoming increasingly important in a highly dynamic industry, where lessor risk can be impacted by jurisdictional and operational considerations.”

LeaseWorks Utilization Tracker is designed to facilitate the collection of utilization records from airlines across many regions and asset groups. With the advanced analytics platform, lessors can monitor and audit airline utilization reports, compare aircraft usage to fleet and regional trends and track aircraft movements by country or cities to ensure compliance.

“The LeaseWorks team has collaborated with clients to develop and calibrate this bespoke product, so it meets the specific needs of the aviation finance industry, boosting lessors’ ability to make informed and timely decisions about their fleets and portfolios,” adds Blanco.

In addition to providing insights into leased fleet usage to tailor lessors’ marketing efforts to specific airlines based on aircraft utilization, the tool helps companies identify underreporting that may impact maintenance, estimated end-of-lease adjustments and maintenance reserves.

“LeaseWorks Utilization Tracker is an essential tool for lessors, with an easy-to-use interface and mobile app, enabling lessors’ commercial and asset management teams to access analytics wherever they are and stay informed on the go,” concludes Blanco.

To preview this new tool and other product developments and module enhancements within LeaseWorks’ Aeris MATCH™ product portfolio, join the next Product Release Webcast on April 27, 11 a.m. U.S. Eastern (16:00 Dublin time).

LeaseWorks Receives SOC 1 Type II Attestation, Validating Robust Operating Controls

Gold-Standard Audit Affirms Cloud-based SaaS Provider’s Continued Commitment to Lessor and Airline Customers’ Information Security

SAN DIEGO – March 7, 2023 – LeaseWorks®, a leading provider of cloud-based solutions and services, announced at the ISTAT Americas conference that the company completed its SOC 1 Type II audit for 2022. This third-party assessment validates that LeaseWorks has the proper internal controls and processes in place to deliver high-quality services to its aviation clients.

“Maintaining effective controls across all services we provide is top priority at LeaseWorks,” says Juan Blanco, Senior Advisor, Customer Solutions, Architecture and Technology at LeaseWorks. “We are continually focused on ensuring that our policies and procedures, especially around information security, are based on the industry’s best-in-class practices. This attestation is a testament to our team’s continued commitment to protecting customers’ data.”

The SOC 1 Type II audit was conducted by A-LIGN ASSURANCE, a licensed certified public accounting firm, involving a comprehensive review of all operational controls as well as policies and procedures over a period of twelve months in compliance with the SSAE 18 auditing standards established by the American Institute of Certified Public Accountants (“AICPA”).

“Our customers rely upon us to protect their sensitive data in adherence to the highest standards of information security and compliance,” notes Haseem Vazhayil, CEO, LeaseWorks. “This third-party opinion validates the controls required by our customers and the tests we perform on an ongoing basis to provide assurance regarding the managed solutions provided by LeaseWorks.”

LeaseWorks Expands Product Advisory Board

Well-Regarded Experts in Aircraft Leasing and Technology Supercharge Firm’s Innovations and Best Practices to Deliver World-Class Solutions

DUBLIN – January 17, 2023 – As the global aviation finance community once again gathers in Dublin, Ireland, for the industry’s flagship conferences, LeaseWorks®, a leading provider of cloud-based solutions and services, is excited to unveil new appointments to its Advisory Board and a series of enhancements to its market-leading suite of software solutions.

As part of the firm’s continuing focus on advancing aircraft lessors’ agility and innovation, four well-regarded experts have joined to make industry-leading insights available to the LeaseWorks community. The most recent additions to the Product Advisory Board include:Andy Mansell, Partner at Split Rock AviationJonathan Lang, Managing Principal, Merritt Brook Inc.Karen Curtis, Principal, Sinoia Group LLCPaul Mason, Principal Advisor, Archway Aviation

“At LeaseWorks, we firmly believe in the power of giving lessors access to the innovations and best practices so they can stay competitive, responsive and fast-to-market,” said Haseem Vazhayil, CEO, LeaseWorks. “Our Product Advisory Board has been a core element of that strategy and we’re pleased to welcome these distinguished advisory board members, whose stellar expertise and insights will help us bring to market simple, ground-breaking solutions, delivering the unmatched value our clients can’t find anywhere else when it comes to digital transformation.”

Andy Mansell is accomplished chief commercial officer with extensive experience in developing, implementing and executing strategies for aircraft trading and leasing, with a focus on both yield and residual value management. Prior to joining Split Rock and advising lessors, airlines and investors, Andy had thirty years of experience in the aircraft leasing industry, most of which he spent at Aviation Capital Group (“ACG”) in senior positions. Andy is well regarded as a strategic thinker and has extensive experience in all facets of the aircraft leasing business, including the development of corporate strategy, origination of transactions and execution, management of OEM and airline relationships, the development and implementation of aircraft pricing, placement and residual asset value management strategies.

Jonathan Lang is known for developing and executing transformative technology strategies that are key business enablers while maintaining stable core technology operations with robust operating controls and risk management functions. Throughout a career that has spanned firms from large hedge funds with a range of investments to both pre-IPO and publicly listed firms that include Colony Capital, Aircastle Limited and Paloma Partners, he has developed technology and managed teams to help drive business value while maintaining a robust operating platform.

Karen Curtis has served in a variety of entrepreneurial, senior managerial and consulting capacities responsible for defining the vision for Enterprise Architecture (EA) and managing its capabilities at large and mid-sized companies in the aviation finance, publishing and telecommunications sectors. With deep expertise in post-merger integrations, building EA teams from the ground up and aligning IT and business strategy, her strength lies in enhancing efficiency and productivity through improving existing systems and developing enterprise-wide software solutions. Karen has also founded multiple start-up ventures, including technology consulting and the production, marketing and distribution of Hawaiian coffee.

Paul Mason has served in several senior and executive roles spanning many specialties, from engineering and technical developments, commercial and airline and airport operations to aircraft leasing and financial services. Currently, he serves as Principal Advisor at Archway Aviation, a private equity funded global aircraft lessor, leading initiatives to significantly increase the value of the firm’s aviation portfolio. Previously, he was Deputy to the Head of Commercial Worldwide and VP Commercial Operations at Airbus SAS and eventually led Airbus’ North American operations. Paul was involved in the evolution of analog to fly-by-wire aircraft developed by Airbus, the digitalization of all-cockpit displays and flight controls, as well as the early development of autopilot enabling aircraft’s autonomous operation from ground-to-altitude and altitude-to-ground.

In addition to the new board appointments, LeaseWorks announced the roll-out of a series of enhancements to its product suite, including:

• Subsequent Events Projection: Lessors can obtain further insights by projecting subsequent maintenance events up to the end-of-life of the asset.
• Letter of Credit History of Updates: Lessors can track the detailed history of Letter of Credit drawdowns and adjustments, improving the results of their audits.
• Forecasting Performance Enhancements: A faster forecast calculation engine enhances lessors’ decision-making processes.
• Flexible and Brandable Portal: Lessors can create a self-service experience for airline customers, customizing the portal’s interface to be in line with their brand and needs.
• Tableau and Power BI Embedded Dashboards: Lessors now have a one-stop shop for all their data needs, with the ability to dissect data and visualize it with customized dashboards using the Salesforce reports, Microsoft Power BI and Tableau CRM.
• Journal Entry Export to ERP with API Functionality: Lessors can integrate the LeaseWorks software with their ERP using API, which eliminates manual upload and reconciliations between separate lessor management and ERP systems, significantly reducing data processing times and eliminating human error.
• Airline Bulk Invoicing: Lessors can filter and fetch rent slips for bulk invoice creation, select invoices for bulk approval, generate PDF documents for the selected invoices, review the generated documents and send the approved invoices to airline customers.

“With the goal of helping lessors to stay ahead of technological and industry disruptions, the LeaseWorks team is continually collaborating with members of our Advisory Board in conjunction with ongoing input from existing and prospective customers to enhance the functionalities and user experience our best-in-breed product provides,” added Vazhayil.

Join LeaseWorks for the next edition of Product Release Webcast on February 23, 2023, 11 a.m. U.S. Eastern / 16:00 Dublin time, to preview new product developments and module enhancements within our existing product portfolio, including CRM, Technical, Contracts and Finance. Sign up for the webcast by emailing: [email protected].

Novus Aviation Capital Deploys LeaseWorks’ Aeris ASSET to Streamline Portfolio Management

Novus Aviation Capital (“Novus”) leverages Leaseworks’ asset software solution, Aeris ASSETTM, to support the day-to-day management of its leasing platform’s global operations.

Established in 1994, Novus Aviation Capital is an independent, full-service aircraft leasing and financing platform with 30 assets under management and four office locations across Europe, Asia and the Middle East.

The Need

As an agile and innovative team, Novus was in search of having one true source of asset data available 24/7 across its commercial, contracts and technical departments. They needed a solution that could easily be customized without needing to rely on a software solution provider.

Novus sought out a solution that would be relatively simple and intuitive and would allow ongoing customizations with a flexible framework and responsive client support.

Novus opted to collaborate with LeaseWorks to utilize Aeris ASSET to leverage its wide-ranging asset management functions to:

• Better manage asset and lease data
• Automate Business Intelligence reporting
• Customize Tech Spec and Lease Summary dashboards
• Integrate enhancements via quarterly product releases
• Integrate seamlessly with Aeris MATCH to feed data from deals to lease management and vice-versa, providing real-time access to information for decision-making

The Solution

With the ease of use and extensive capabilities of Aeris ASSET, Novus has instantly benefited from many of the customizations, such as:

• Customize Tech Spec and Lease Summary dashboards for use by Technical
• Generate on-demand reports for management
• Automate the flow of asset and lease information from Deal Management into Lease Management, eliminating redundant data entry
• Integrate ongoing software improvements via quarterly product releases

LeaseWorks Advances Novus Aviation Capital’s Digital Transformation

Dubai Lessor Utilizes LeaseWorks’ Software Solutions to Streamline Finance, Technical, Contracts & Commercial Operations

MARRAKECH, Morocco – September 20, 2022 – LeaseWorks®, a leading provider of cloud- based solutions and services to the aviation industry, announced during the ISTAT EMEA conference that Novus Aviation Capital (“Novus”) deployed the company’s Aeris ASSET™ software to support the day-to-day management of the Dubai-based lessor’s global leasing operations.

With a focus on enhancing the leasing platform’s agility and innovation, the Novus team sought out asset management software that would be fully customizable, providing finance, technical, contracts and marketing departments with one true source of information about their aircraft.

“We are thrilled to expand our relationship with Novus and enhance the platform’s competitive advantage by providing a single source of truth for managing, trading and marketing assets,” says Haseem Vazhayil, CEO, LeaseWorks.

The Novus team leverages Aeris ASSET’s robust capabilities to:Customize Tech Spec and Lease Summary dashboards for use by TechnicalGenerate on-demand reports for managementAutomate the flow of asset and lease information from Deal Management into Lease Management, eliminating redundant data entryIntegrate ongoing software improvements via quarterly product releases

Mamoun Kuzbari, Novus’ Chief Commercial Officer, explains that owing to the ease of use and wide-ranging functions of Aeris ASSET, “our team was able to accelerate the digital transformation initiative effort and streamline the decision-making process across the technical, contracts, finance and commercial teams.”

“We built the Aeris ASSET solution with lessors’ unique needs in mind, ensuring that the software provides a simple and intuitive interface and a flexible framework that enable team members to perform complete customizations, with little or no external support,” adds Vazhayil.

Aeris ASSET provides lessors’ teams with the ability to:

• Better manage its asset and lease data
• Automate Business Intelligence reporting
• Customize Tech Spec and Lease Summary dashboards
• Integrate enhancements via quarterly product releases
• Integrate seamlessly with Aeris MATCH to feed data from deals to lease management and vice-versa, providing real-time access to information for decision-making.

Read the client case study.

About Novus Aviation Capital

Established in 1994, Novus Aviation Capital (“Novus”) is an independent, privately held aircraft leasing platform, focused on investing in commercial aircraft assets. The Novus team operates out of its four global offices in the Middle East, Europe and Asia and is active in operating and financing leases, mezzanine and, junior debt as well as third-party aircraft remarketing, servicing and, advisory services. www.novus.aero

The Power of Visualization and Reports to Detect Patterns in Data

“Data visualization is a great way to simplify data and show it in a form that is understandable, insightful and actionable. Data visualization is being increasingly seen as the vital final step of any successful data-driven analytics plan.” – Caroline Lee

Data visualization provides a visual representation of data (e.g. graphs, charts, maps) to make it easier to identify new opportunities, detect patterns and highlight risks. This rapid transition from seeing to understanding is what makes visualizations valuable.

For many organizations, ‘data visualization’ means collecting every bit of information available then figuring out how to use it. It’s a costly challenge – once you’ve invested heavily in gathering the data, how do you extract the value it contains? Many visualizations tell people what they should see in data resulting in confirmation bias and a loss of objectivity. Common problems include using the wrong visualization method, oversimplifying data, omitting baselines, cluttered visuals, overuse of colors and the use of persuasive text.

The key is to get the data into a format that everyone can explore and understand. At LeaseWorks, we know how to successfully and accurately blend your data and visualizations together to tell a captivating story. We specialize in transforming data, developing effective reports and visualizations, optimizing performance and maximizing your return on investment.

Visualizing Exposure and Managing Customer Lease Receivables

An overview of how an unorganized lease receivables approach in Excel can overwhelm an organization and tips on how to manage the data effectively.

Visualizing Exposure and Managing Customer Lease Receivables

With commercial aviation emerging from a worldwide health crisis, the post-pandemic landscape is constantly evolving. Severe labor shortages as a result of the pandemic’s staff cuts have created significant headwinds as global airlines attempt to mount a comeback. With airline customers affected, lessors are continually facing the challenge of dealing with late payments and requests for lease payment deferral or repayment agreement restructuring.

Challenge

Managing lease receivables in Excel in today’s business environment is a burdensome task and can quickly overwhelm a lessor’s platform. Consequently, manually monitoring cash receipts across various bank accounts in different countries on a daily basis can inhibit the provision of accurate, real-time data points to the management team to inform their strategic decision-making. 

• Limited data visualization in Excel: Collating data across more than one dimension (i.e. MSN, Operator, Lease, Asset type, SPV, etc) becomes cumbersome when visualizing the dataset within Excel.
  
• Tracking different types of lease receivables:   Deferral or power by the hour (“PBH”) arrangements have created new varied types of receivables. Tracking more than one or two types of receivables across an entire fleet becomes challenging when trying to plot the data across an all-encompassing Excel chart.
  

• Refreshing data filters or fields in real time: Updating an existing report with unique data filters requires manual updates to the Excel spreadsheet, necessitating a refresh of the data behind the Excel graph, along with a reformatting of the corresponding updated Excel chart or graph.  
  
• Updates to receivables data in Excel is a manual and time-consuming process: Cash activity and Accounts Receivable reconciliation is required daily to provide up-to-date information imported into Excel and manually manipulated into a summarized format, resulting in an excessive use of organizational resources and the margin for human error through manual data entry.
   
• Excel disorganization: Cash activity across numerous accounts aggregated in spreadsheets leads to difficulty in collaboration across multiple users and it is difficult to introduce workflow features to enhance review and reporting functionality.
   

Solution

Here are some ways to manage receivables data more effectively:

• Frequent cash receipt downloads and cash account reconciliations: Utilizing banking register downloads through online banking portals into .xlsx or .csv format to reconcile cash account balances can help in minimizing input error.  Daily or frequent recording of cash receipts provide near real-time receivables data.
  
• Building a strong reporting and AR analytics framework helps concisely present information around receivables liquidity and overall exposure: If resources allow, building a robust AR reporting structure in Excel utilizing PivotTables allows for limited multi-dimensional reporting across the portfolio. A reporting framework can be established to provide standardized metrics, such as days outstanding trends and overall AR exposure (net of security deposits and any maintenance reserves).
  
• Utilizing filtered down reports and select distribution lists:  With the sheer volume of receivables held on some lessors balance sheets, a portfolio wide receivables snapshot is often cumbersome to navigate by various users of the reporting.   Keeping such reporting in a filtered and concise format and utilizing dimensions (i.e. region, SPV financing, etc.) to provide only relevant information will help make the report more digestible to colleagues.

LeaseWorks and Core Financials Deliver Integrated Accounting Experience for Aircraft Lessors

Companies Further Advance Mutual Vision to Empower Aviation Industry’s Transition to Digital World

STAMFORD, Connecticut – June 8, 2022 – LeaseWorks Inc., the leader in cloud-based software products and Core Financial Systems (“Core”), the leading SaaS aircraft leasing financial software solutions provider shall begin collaboration to deliver an integrated solution experience for clients in the aircraft leasing industry.

The collaboration intends to deliver an integrated accounting experience for lessors’ finance and accounting teams, enabling them to generate financial transactions in LeaseWorks and seamlessly export these transactions to Core – resulting in a more agile and aligned organization that is better equipped to respond to the changing financial needs of an aircraft leasing platform.

“We are excited to collaborate with Core to provide the necessary tools to enable lessors to gain more value from their software investments and facilitate their coordination and growth,” said Haseem Vazhayil, Chief Executive Officer at LeaseWorks.

Tony Salmon, Managing Director at Core, said, “Through this collaboration, our smart SaaS based financial solutions are constantly adapting to the needs of their users. This optimizes their operation and creates economic and operational benefits. The basis for this is the seamless connectivity of data, a “Core strength of the Core Solution”. As part of our Group strategy led by our Group CEO Pat Toner, we are working on collaborative opportunities with a suite of comprehensive solutions in the market to further develop and use the technologies in practice”.


LeaseWorks and Core will seamlessly integrate the two market-leading products:

• LeaseWorks’ Aeris ASSET™ suite of products providing a flexible platform to centralize and streamline asset management across technical, contract and finance operations. Its finance module is built purposely to facilitate financial transactions around accounts receivables, payables, loan management and settlements, combined with robust executive reporting capabilities; and
• Core’s suite of products enables finance organizations to manage multitude of accounting operations and workflows. Its general ledger stores books and records and captures journal entries specific to aircraft leasing operations.

The integration will allow customers to set up their chart of accounts, entities, dimensions, accounting periods, book codes and bank accounts. Customers will also be able to map the system’s aviation sub-ledger onto the Core general ledger to facilitate the generation of debits and credits into Core, based on financial events entered in LeaseWorks. Accounting profiles configured by a customer’s chart of accounts can be set up and linked to a specific lease for accounting configuration on a lease-by-lease basis.

“Building on our mutual vision to empower the aviation industry’s transition into the digital world, the LeaseWorks and Core teams are thrilled to be able to combine our well-respected expertise and knowledge of accounting operations to help lessors focus on improving their decision-making and increasing their platforms’ agility in unprecedented times,” concluded Vazhayil.

About Core Financial Systems – A Tekunh Group Company

Core Financial Systems®, is the leading SaaS aviation financial software solutions provider of choice. As an Infor Channel Partner, Core has earned a reputation of leading technology advancement in both the development & deployment of World Class cloud based financial business solutions globally across multiple market industries including aviation, banking, fund management, asset management and government sectors.

We assist organizations to harness their business information and processes. Through this they can remove complexity, improve compliance, reduce costs and increase their competitive advantage. Our company has more than 20 years of experience in implementing Financial Management, Purchasing & Procurement and Business Intelligence Solutions into international organizations. For further information please visit our website at www.corefinancial.ie

LeaseWorks Transforms Lessors’ Ability to Manage Aircraft Assets with New Robust Software

Enhancements to Company’s Industry-Leading Asset and Contract Management System Revolutionize Ways to Manage Maintenance Reserves, Finance, Billing & Accounting Activities

DUBLIN – May 10, 2022 – LeaseWorks® shared with the global audience of Growth Frontiers Dublin 2022, the largest gathering of aviation finance decision-makers since the beginning of the COVID-19 pandemic, the rollout of major enhancements to its industry-leading aircraft asset and contract management system, Aeris ASSET™.

The leader in cloud-based software products for the aviation leasing industry signaled the introduction of a new lineup of modules and software extensions to revolutionize lessors’ ability to manage a wide array of leasing-related activities. The rollout includes a robust and comprehensive supplemental rent module, completely rethinking, from the ground up, how complex maintenance reserves can be easily tracked with software. In addition, the billing and collections module now further leverages the capabilities of the Salesforce platform and the Leaseworks product architecture to give lessors the flexibility to integrate with a variety of accounting solutions.

Haseem Vazhayil, Chief Executive Office of LeaseWorks, points out that “our team is constantly focused on innovating; building and delivering on the best-in-class software products for managing assets, enabling lessors to efficiently handle maintenance reserve charges, funds and reimbursements while addressing their most pressing challenges.”

With the goal of helping lessors to stay ahead of technological and industry disruptions, the LeaseWorks team has collaborated with current and prospective customers to release critical enhancements in the accounts receivables and payables modules of its Aeris ASSET product. The new robust capabilities are designed to give CFOs and their finance teams the ability to streamline billing, invoicing and collections processes. The changes also provide increased flexibility in integrating with several accounting software packages as well as more flexible maintenance reserves calculation models.

“We are investing heavily to bring to market a simple, ground-breaking solution unlike any other, which empowers companies to tailor and streamline their asset management software directly to meet their needs,” adds Vazhayil. “We are very excited about the new functionalities and the enhanced user experience this best-in-breed product provides.”

“It’s our goal every day to make every aspect of the customer experience a little better. At LeaseWorks, we’re passionate about helping people get things done; that’s our way – the LeaseWorks way,” concluded Vazhayil.