Leased Asset Tracking Software: Velos
Lakefront Capital offers a Leased Asset Tracking software program called Velos. With our Velos software you will have access to cutting edge reporting and lease management capabilities for all your assets. With the Velos portal you can securely and confidently manage your assets.
Lakefront Capital offers a “Best in class lease loan “practices to enable your organization to performance support The DIY program, we provide the people, processes, products for you to performance enhancement.
We will provide at no extra cost to customer (20) hours of free consulting as an additional bonus. Our tried and true (10) steps to lease/loan improvement generates substantial insights/savings.
Leased Assets Tracking
Documentation
Master lease and all supporting documents for all leases and asset management from origination to termination. We can digitize all documents (DocuSign) to ensure data integrity. Eliminating paper using DocuSign creates tremendous savings and eliminates waste.
Our data capture allows cost savings by proper reporting on end of term asset management. ASC 842 reporting from our exclusive database query capabilities allows compliancy in financial reporting,
IMPORT SOFTWARE
Best in class “Velos import script” with X hours of consulting from Lakefront lease asset management personal
Existing data discovery for existing assets under lease, finance, owned as well as terminated-*Optional based on electronic formats available
Asset Portfolio Manager
Competitive bid analysis platform that automatically allows your pre-approved funding sources to bid on “New” leased assets
How to do a new lease, buy, finance. Calculators for Lease Vs Buy analysis. Capital vs Operating, Buy analysis IBR, Implicit interest rates of financing
NOTIFICATIONS
Notification (standardized) for changes to assets under lease that are automatically set for “timely” notification to suppliers( 180 day notification to lessor)
Processes set internally for leased or owned assets removed or modified during lease term. Embedded lease test for lease discovery for accounting
RETIRING PROCESSES
Our return, extend, buyout, donate processes ensures cost reduction on end of term leased assets. LFC notification services allow timely termination and replacement of leased assets.
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