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WorthIT Lease Manager Management
Overview
This section explains the features and capabilities
included in WorthIT Lease Manager.
Introduction
To WorthIT Lease Manager
WorthIT
Lease Manager is a Lease and Loan Management, Control and
Information Tracking System. It allows you to create and maintain an
on-line database of contractual information and transaction history
pertaining to your corporate leases and loans, produce timely
financial and management reports and effectively project and budget
future costs, payments and buyout cash requirements.
Using WorthIT Lease Manager, you can:
- Maintain contractual information such as lease payment terms,
lien and lender details in a central database for quick
reference.
- Track complete history and audit trail information about
payments and adjustments such as check amounts, interest rate
changes, taxes and miscellaneous charges.
- Create portfolios to group lease, loans and mortgages by
business units, projects and other relevant criteria.
- Allocate costs across multiple G/L account numbers using
percentage distribution rates.
- Identify leases due to expire shortly and plan future buyout
cash requirements.
- Simulate cash flow and cost impact of proposed new leases and
loans.
- View a snapshot of statistical and summary information about
the current status of any lease or loan.
- Produce an extensive range of financial and management
reports.
WorthIT Lease Manager is the tool to use to gain an edge in
today's competitive global environment.
The main detail
screen for setting up leases
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Asset
Tracking with Lease Manager
Lease
Manager provides two alternative methods to track the assets
acquired from lease or loan proceeds:
Either method provides you the
ability to quickly identify and track the assets covered by each
lease or loan.
Track your leased assets directly in
WorthIT Lease Manager
Highlight: With WorthIT Fixed Assets you can
implement a comprehensive asset management solution as a complement
to Lease Manager.
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Cost
Allocation
Lease
Manager lets you allocate lease and loan costs against unlimited
General Ledger account numbers using percentage rates. You have 10
separate field segments, each to a maximum of 15 characters, to
customize your G/L Account structure and automate the creation of
G/L posting vouchers.
Allocate costs precisely
against any business unit or project
Highlight: Customize your G/L account to suit
your environment.
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Capital
Budgeting and Cash Flow Projections
Using
the built-in capital budgeting and cash flow planning tools in
WorthIT Lease Manager, you can:
- Enter leases and loans under review or pending approval and
simulate potential future costs and cash flow implications of
investment proposals.
- Use the Cash flow report template
to project principle payments, buyout amounts, interest and taxes
due for any time period.
- Combine the above with the cost allocation feature to prepare
accurate and detailed budgets by business unit, projects and
other criteria.
- Identify upcoming lease expirations including renewal options.
- Create alternate report views and thoroughly analyze the
composition of your portfolios and leases.
These and other features let you take full advantage of the
wealth of information that can be stored in your Lease Manager
database to maximize the return on your capital assets investments.
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Reports
and Data Export
WorthIT
Lease Manager uses WorthIT Report Gallery as the reporting engine.
This flexible report generator lets you build your own library of
customized report views. You can:
- Select from one of 5 report templates (List, Register,
Spreadsheet, Cash Flow and Payment Schedules) and create
different report styles.
- Define headers, footers, fonts,
page size, orientation, sort parameters, data selection and time
period preferences to customize each report the way you want.
- Scroll through any report entirely on-line one or two pages at
a time and view contents conveniently on your screen.
- Click the Export button and your report data will
automatically be posted to your clipboard.
WorthIT Report Gallery lets you custom design such reports as
Lease Obligations Cash flow, Payment Schedules, Buyout Cash
Requirements, Lease Analysis (by Lender, Requisitioner, Business
Unit, Expiration Dates or other criteria), Registers and much more.
Design your own reports using WorthIT Report
Gallery
Highlight: Choose the columns to include from
a wide list of selections.
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