Industry
Transportation
Region: United States of America
Summary
Team SFA developed a leading-edge Lease Administration Solution within PeopleSoft Financials to manage thousands of payee and payor leases and for a large transit authority to empower lease administrators to manage leases and their contractual obligations including approvals and integrations to Billing/Receivables and Payables applications
Objectives and Challenges
- Objectives: Implement automated lease administration and lifecycle management solution for receivable and payable leases with document controls
- Challenges: Thousands of long-term leases with tons of document management; complex lease extractions, clauses and financial terms; constant changes in statutory reporting and multi-departmental approvals; integrations for multiple payments, accounting and historical snapshots
Results
- Timely implementation of Payee and Payor Lease Management solution within budget and allocated resources
- Complete solution for lease administration, lease operations and billing, payable and general ledger integration with reusable architecture
- Complete solution for various financial terms such as base, premium, revenue, operational, index based, security deposits, splits and differential rents including deposits and interests
- Implemented multi-level approvals, document controls, alerts and management reporting – both statutory and operational
Benefits
- Comprehensive payee/payor lease administration and execution
- Automated billing and receivables based on payment terms
- Auditable and traceable lease administration with assets and document controls
- Standardized operational and statutory reporting with alerts
- Cost effective automation for lease administration and execution
- Realtime lease efficiency analysis and critical dates management
Products and Technology
- PeopleSoft FSCM
- EPM
- PeopleTools
- Microsoft Technologies
- JavaScript
- Cronjobs
- XML Publisher
- SQR Reports