Lx LseMod
Lx LseMod is an open-source leasing and lease accounting software designed for equipment leasing companies. It handles the entire leasing process from origination to termination.
Lx LseMod: Open-Source Leasing & Lease Accounting Software
Lease accounting and management software for equipment leasing companies, handling origination to termination
What is Lx LseMod?
Lx LseMod is an end-to-end leasing and lease accounting software solution designed specifically for equipment leasing companies. It is developed by Lx Software, a company focused on providing technology solutions for the equipment finance industry since 2003.
Lx LseMod covers the entire leasing process, from origination to termination. Key features include:
- Contract origination - Application entry, credit checking, documentation and eSignature readiness
- Booking - Automatic booking entries as per ASC 842 guidelines
- Billing - Automated billing, late fee handling and automated dunning
- Accounting - Handles payments, accounting entries, reporting and collections
- Asset management - Tracking assets from acquisition to disposal
- End of term processing - Automated EOF notifications, extensions, terminations and asset dispositions
Being cloud-based, Lx LseMod can scale as per business needs. It comes integrated with Lx Collect debt collection software. The software is cost-effective and suited for mid-size to large leasing portfolios. It aims to improve efficiency and minimize errors in leasing companies.
Lx LseMod Features
Features
- Lease origination
- Payment processing
- Lease accounting
- Reporting
- Document management
Pricing
- Open Source
Pros
Open source and free
Customizable and extensible
Handles end-to-end leasing process
Built specifically for equipment leasing companies
Cons
Limited support compared to paid solutions
Requires technical expertise to set up and maintain
Less features than some commercial solutions
Official Links
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