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Internet Based Lease Accounting Software: Creating Operational Effeciency While Crunching Numbers
Posted by nick_niesen on November 8th Cheap Ramik Wilson Jersey , 2010
The leasing industry is yet to significantly harness the powers of the Internet. Despite the hype, the web enabling of the leasing process has been sporadic at best. While the industry has already taken to the Internet's obvious convenience for credit scoring and front-end application processing, a larger and perhaps a more significant impact on productivity has yet to be realized. The advent of the lease life-cycle management model can realize this untapped potential for productivity and, if implemented well, can even directly enhance profitability. Online lease management and accounting software certainly has the makings of a paradigm shift in the lessor's approach to the lease accounting software. More specifically, it holds enough promise to replace the clientserver model just as the clientserver model itself dethroned the main frame.
The Benefits of an Internet Model based Lease Management system
To implement Cheap Aqib Talib Jersey , the Internet model is much simpler than its clientserver based counterpart, demanding nothing more than a secure Internet server on which the lease accounting software and database reside. Each of the limitless number of computers accessing the server can run any operating system, be it Apple Macintosh or Windows 2000, with nothing more than access to the Internet. By inference, the type of Network and the leasing software's compatibility to it no longer matters. Even the physical implementation of the network itself, in laying down the wiring and connections Cheap Marcus Peters Jersey , becomes redundant when any authorized computer belonging to any authorized user, is part of the virtual network. In this respect, especially for lessors with multiple operations in different locations, the model used in the lease management software is a boon that takes no more significant effort to tie two computers into its virtual network as it does 2,000. Even training employees to use the lease accounting software becomes easy when there is one standard program worldwide. This immediate scalability and operating-systemnetwork-independence of the leasing software model makes it possible for lessors of all sizes to experience IT benefits unknown in the clientserver world.
It would seem that today's nascent Internet technology compromises the functional power of the clientserver model in their leasing software; complex algorithms required to amortize income or calculate yields appear hard or even impossible to replicate on a browser. Fortunately, however Cheap Brandin Cooks Jersey , with the growing sophistication of Internet developmental platforms such as Microsoft's Active Server Pages, Internet applications run a tight race with clientserver technologies. The Internet based lease accounting software enables yields and depreciation schedules to be calculated with the same click of a button. The lease management software facilitates reports to be sorted, filtered and queried to obtai any conceivable information available in the database. Income, IDC and residual can be accrued, blended and separated, just like they are in clientserver systems.
Not surprisingly Cheap Ndamukong Suh Jersey , even technology as complex as an Enterprise Resource Planning system, simultaneously used for solutions from global car-manufacturing to domestic chemical-production, runs on Internet-based applications today similar to the internet based lease accounting software. Leading ERP vendors including SAP, Oracle Financials and PeopleSoft, for instance, have tried and tested success stories of highly versatile and complex system that are browser based. "Lease Management Software" Cheap Dante Fowler Jr Jersey , says Jay Mehra, COO of Odessa Technologies, Inc., "though sophisticated in its own right, can quite easily be implemented on the Internet." Despite the complexity, therefore Cheap Austin Blythe Jersey , the functional powers of traditional models are easily captured in Internet-based applications.
Functionality of the Internet model and the Lease Management Software
While functionally the Internet application is interchangeable, its differentiating quality lies in its approach to data. By the very nature of their technology, clientserver systems typically just crunch numbers. A good Internet based application, on the other hand, maximizes the value of that data, in addition to maintaining it. This translates into a direct value-add for the lessor's operational efficiency. Sales staff can Cheap Rob Havenstein Jersey , for instance, be allowed to access the leasing software from anywhere they can connect to the Internet. During negotiations, they can obtain historic information about the lessee to make informed decisions for new business opportunities through the lease management software. The traditional one-way pipelines of data delivery thus become forums for information exchange.
Equally important, as shown by the diagram above, the new channels of Internet-driven communication can now enhance the lessor's external relationships. Odessa Technologies, developer of a wholly web-based Lease management and accounting software Cheap Tyler Higbee Jersey , uses a series of independent web sites that ties the lessor with its various business partners. Through their lessee web site, lessees can get online help, access important account information, download invoices and even make secure Net payments enabled by the lease management software. Moreover, by leveraging the critical data residing within the Internet application, the lessor can even customize business promotions based on the individual lessee logging onto the system. Far from being just a tool that manages a part of the leasing business Cheap Jared Goff Jersey , lease management software thus becomes a way of conducting and even marketing the business. Through the Internet model the leasing software is able to bring about new sources of productivity, both direct and implied, are thus created from business relationships thAn integrity day i. Cheap Jerseys Cheap Jerseys From China Wholesale Jerseys China Cheap Jerseys From China Cheap NFL Jerseys Cheap Nike NFL Jerseys Wholesale Nike NFL Jerseys Wholesale NFL Jerseys Cheap Authentic NFL Jerseys Wholesale NFL Jerseys Free Shipping |
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