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Features Include

  • Manages both auto-generated and user-definable payment schedules, either in advance or in arrears.
  • Provides for multiple interest calculation methods, including Equal, Actuarial and Sum-of-Digits (Rule of 78).
  • Apportions lease payments between finance charges and the outstanding liability.
  • Leases can be terminated or rescheduled at any time and charges are automatically re-calculated.
  • Monitors expiration dates to prevent costly automatic extensions.
  • A full history of payments and events is held against each lease.
  • All management and statutory reports comply with SSAP21 and IAS17.

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