Lease Servicing
Software for Lessors
TURBO-Lease™ is lease servicing software designed for equipment lessors after a lease is booked. It combines lessor accounting with lease billing, payment processing, collections and portfolio reporting throughout the life of the lease.
Lessor Accounting for Lease Servicing
TURBO-Lease™ combines ongoing lease servicing with ASC 842 lessor accounting for equipment and vehicle lease portfolios, supporting direct financing, sales-type and operating leases throughout the life of the lease.
- ASC 842 Lessor Accounting
- Equipment & Vehicle Lease Portfolios
- Direct Financing Leases
- Sales-Type Leases
- Operating Leases
- Optional Simple Interest Loans Module
Post-Booking Lease Servicing
Once a lease is booked, TURBO-Lease™ provides the day-to-day tools lessors need to service the account, including lease billing, payment processing, collections management, customer account management and portfolio reporting.
- Online Payment Portal
- ACH / EFT Lease Payment Processing
- Automated Lease Billing by Email
- Lease Invoices & Statements
- Collections & Delinquency Management
- Lease Portfolio Reporting
- Lockbox Payment Imports
What Is Lease Servicing Software?
Lease servicing software helps lessors manage the ongoing administration of a lease after it is booked. TURBO-Lease™ is designed for the post-booking side of equipment finance and equipment leasing, combining lessor accounting with lease billing, payment processing, collections, customer account management and portfolio reporting throughout the life of equipment and vehicle leases.
Lease Portfolio
Accounting & Servicing
See TURBO-Lease™ Lease
Servicing Software in Action
