Data auditing is one of the most overlooked areas when considering a conversion to a new software system.  Yet conversion time is the PERFECT TIME to perform this critical review and cleanup on your portfolio.  Why continue to live with the errors of the past, when many times error correction can be automated from within the conversion process itself? Contact us to learn more about our data auditing and review services.

Benefits

• Conform to FASB and GAAP Guidelines
  Have you lost income you were entitled to, because your old system didn't amortize your lease portfolio properly?  Would a daily versus monthly earnings schedule fit your business best?  Are you taking advantage of all the expenses allowed, including internal cost amortizations as provided for by FAS-91?  We'll help you find out and correct the problems which could improve your company's bottom line.
   
• Find Lost Fee Income
  Our experience has found that many systems don't access late fees on time, track miscellaneous fees properly, or account for other due amounts beyond a one-time invoice.  This translates to lost income opportunities over the life of the lease, particularly if these omissions are not identified prior to lease termination.  An audit of your leases can identify those errors and ensure they are corrected as part of your conversion to LeaseComplete.
   
• Identify Tax Problems
  We help you verify you are collecting sales tax where required, and that these taxes are remitted to the proper jurisdictions.
   
• Reduce Collection Efforts
  Are you spending a lot of money in your collection efforts?  We've found that it is sometimes the little things that make the biggest difference when it comes to collections.  For instance, something as simple as splitting the first and last name of the customer into the appropriate fields for searches can save your collectors time and frustration.  Sometimes the solution is more involved, like properly identifying duplicate customers in your system or accurately tying guarantors across multiple leases to show exposure.  Most of these problems can be corrected within the conversion process itself, saving you time and money.