A Competitive Analysis of Asset Leasing Market and How Companies Are Expanding Their Reach

 

Asset Leasing Software

In this era of digitalization, asset leasing software has become the cornerstone of asset finance business accomplishment. The leasing and purchasing of assets such as machinery, property, etc are important to a business model. The company’s financial stance plays an integral role in this tactical decision. Strategic asset leasing helps commercial organizations of all types and sizes access the assets they need to conduct their enterprises.

COVID-19 has wreaked havoc on corporations and organizations, as well as people’s personal lives. Due to the covid interruption, demand for capital equipment, automobiles, software, and other items has slowed down. As a result, during a depression, leasing equipment, software, vehicles, and other items should be the way to go. Leasing allows one to structure payments so that the cash flows generated by the asset can be used to pay for the rentals associated with the equipment. This is likely to boost the propensity to finance through leasing. Therefore, certain factors are expected to accelerate the market demand for strategic asset leasing software.

Asset Leasing software market


Major Players in the Asset Leasing Software Market

Key providers of asset leasing software are focused on the development of cost-effective and compact lease management software to attract more customers. For instance, in 2019, RealPage, Inc., a significant provider of real estate software and data analytics, has added Identity Verification (IDV) to its lease, payment, and screening solutions. RealPage IDV is the first comprehensive solution in the industry to prevent fraud at various touchpoints across the leasing and payment processes, saving property managers approximately USD 30 per unit per year. Navitas Capital, a real estate technology solution provider, and innovation venture capital firm has invested USD 6.5 million in artificial intelligence-driven leasing agent software that currently improves leasing processes for above 250,000 multifamily complexes in 2020.

In addition, competitors in the asset leasing software market are focused on inorganic growth tactics such as strategic alliances and mergers and acquisitions with technology partners to expand their capabilities as well as market reach. Lease Query LLC, a purpose-built lease accounting software provider, partnered with Microsoft Corporation in January 2021 to simplify difficult lease accounting compliance and drive customers through their unique digital transformation plans. Oracle released a new version to Oracle E-Business Suite in February 2019 that includes support for the ASC842 and IFRS16 accounting rules revisions for equipment leaseholders. Oracle Property Manager will receive an update to reflect these accounting standards changes for equipment renters in the form of consolidated patch sets.

Every business is unique, and in making a decision, they should consider their unique circumstances. For some firms, paying for a license per user is the best solution. Others may prefer the SaaS approach, which is becoming increasingly popular these days. Finally, a perpetual, lifelong license is available for purchase.

Global Market Database is your one-source destination for all of your market research needs. It covers the market Trends of Asset Leasing software. Login to the global market database and access a 10-year market forecast, regional market forecast and top 20 country market analysis for the same. Register now and access 10 year Global market forecast data for 5 markets free.

Read the full blog here: - www.globalmarketdatabase.com/how-asset-leasing-software-helps-a-business-owner

 

Location: United States

Comments

Post a Comment

Popular posts from this blog

Here's What Industry Insiders Say About Advancement In Packaging Material

Image
  According to the International Packaging Institute , Switzerland; packaging is defined as enclosure of a commodity in a wrapped pouch, bag, box, cup, tray, can, tube, or another container form to perform any or a combination of the functions given below. Following are the functions containment, brand communication, protection, preservation, information, and convenience. Major Players in Packaging Industry A few of the major players in the packaging industry are as follows. By market revenue, Ball Corporation is the largest packaging company in the world currently. It was founded in 1880 by five brothers and is headquartered in Broomfield, Colorado, US. They offer metal packaging products, especially for food and beverages. Mr. John Hayes is the current CEO.   International Paper Company headquartered in Memphis, Tennessee was incorporated in 1941. It is one of the leading manufacturers of fiber-based packaging. They have their operations across five continents; Asia, North
Read more

Why Is Everyone Talking About The Green Evolution Of The Chemical Industry?

Image
  The Oil and Gas sector has been one of the most dominant supply verticals within the chemical industry. However, the total market has been shifting towards sustainable raw materials due to which the market for  green chemicals    has been booming during the past decade. The overall chemical sector has been returning to its bio-roots. What are Green Chemicals? Green chemicals provide higher performance as well as functionality while being environmentally viable throughout their entire life cycle. Some of these chemicals are degradable, they disintegrate into innocuous products and can be recovered for further use. One of the key examples of green chemicals is green solvents. They are derived from crops and are regarded as environmentally friendly alternatives to petrochemical solvents. One of the key examples of green solvents is  Ethyl Lactate  which is used for the processing of corn. The growth in overall adoption of sustainable chemicals is poised to boost the surge in demand for
Read more

Software-Defined Security Market Research

Image
  Software-defined security (SDS) is a security model in which specialized software controls and manages information security in a computing environment. In software-managed, policy-driven, and governed security, most critical security controls are automated and monitored by software, such as intrusion detection, network segmentation, and access control. A key concern is how to implement and introduce advanced security mechanisms to protect their assets and networks. A Software-Defined Networking (SDN) controller has the capability of knowing the network topology and infrastructure. It also provides visibility into the traffic. As SDN logic and its architecture have evolved, controllers now offer integrated security functions as well. Among these functions are routing, firewall policies, and service chaining. These are implemented through the controller and controlled by software and applications.  According to the market database , this approach might utilize Network Functions V
Read more