LeaseWave is a comprehensive, Internet-based lease accounting software and asset management solution. It is designed to address all the lease accounting software needs of the modern lessor. In addition, by leveraging its web-platform, LeaseWave is built to work in synergy with business operations. Through its Internet-driven interfaces, it facilitates and streamlines interaction between the disparate parties of the leasing process, allowing the leasing enterprise to maximize be as opposed to just maintain be the data that resides in its lease accounting software and asset management systems.

LeaseWave is, essentially, an asset lease management software; the asset management module forms the basis of much of the system's functionality. It works as a sophisticated virtual repository that tracks and maintains extensive information about assets on record. It is from this storehouse that assets are designated to a lease, returned from lease, remarketed, refurbished, serviced etc., through easy-to-use functionalities that replicate reality, making the system a comprehensive asset lease management software. Indeed, every asset in the system exists as an independent entity, as a component of the investment of a lease, or as both. Asset-specific information such as depreciation, property tax management, UCC filing information (as necessary), Insurance filings, etc., can, therefore, be maintained regardless of whether the asset is in the virtual storehouse or in a lease.

LeaseWave is, perhaps, the only equipment leasing software that maintains every receivable with its own individual balance, as opposed to grouping related charges (such as lease payments) into one bucket with an amalgamated balance; every specific receivable in LeaseWave (every lease payment, for example) has its own debit and credit entry. The system, for example, not only tracks the overall lease balance on a lease, but also the individual balances of each lease payment, a first in the equipment leasing software industry.

In order to remain competitive, today's lessors, particularly in the automobile industry, often structure floating rate lease contracts where lease rentals are tied on economic indices. LeaseWave's floating rate module is a powerful tool for lessors that peg their lease payments to market interest rates and other fluctuating indices, making LeaseWave a comprehensive equipment and vehicle leasing software.

LeaseWave manages the complete lease and asset life cycle from lease booking to asset remarketing, making it an end-to-end equipment and vehicle leasing systems. Once a lease matures in the system, the assets associated with it can then be configured to become available for remarketing. LeaseWave's asset module allows the user to maintain a record of the asset even after its association with a lease ends. It can, for instance, be extended on the same lease, refurbished and sent back to the system's virtual storehouse, or leased again to another lessee; this capability, driven through LeaseWave's remarketing module, makes it a comprehensive equipment and vehicle leasing system.

Because multiple assets can be attached to a single lease, LeaseWave's payoff module accommodates for both full and partial payoffs. The partial pay off functionality is particularly relevant for high-volume, asset-based leasing, making LeasWave an effective small-ticket, IT leasing and computer leasing software.

If desired, lessors can use LeaseWave Funding to allow funding sources to manage the lease termination process. Funding sources can view both speculative and active pay off quotes that may have been generated against their leases. This allows lessors to communicate information regarding a lease termination or buy-out to funding sources in a wholly friction-free environment; every time a pay off quote is generated in the core LeaseWave suite, it is automatically available for viewing through LeaseWave Funding.

LeaseWave WorkFlow performs the functions of leasing analysis software and accommodates for a wide range of pricing mechanisms to come up with pricing decisions for lease applications. Rules can be determined that drive certain variables in price, based on credit scores, lines and types of credit, type of asset being leased etc. Multi-dimensional pricing matrices can also be built to be applied in given circumstances, whether this is for selected vendor programs, broker relationships or other rule-driven classification criteria. Floors and ceilings can be set and adjusted dynamically based on the value of certain variables and outcomes of automated decisions.

LeaseWave WorkFlow is a web-based workflow processing and leasing software system that accelerates lease processing time, effectively manages other related processes, and optimizes workforce efficiencies in any decision making environment. Any workflow process, whether it be for the decision on lease applications or vendor payments (check requests), can be accommodated.

While LeaseWave Portfolio reliably covers the requirements of standard automobile leasing software, LeaseWave Fleet allows users to administer value-added, vehicle-related services, such as the management of fuel purchases. Indeed, the system has the capability to process fuel transactions on both an automated and on a manual basis. Through interfaces with standard fuel vendor files, the auto leasing software has the ability to process large volumes of data in minutes.

The fleet management software covers the entire gamut of fleet operations; comprehensively managing the entire life cycle of a fleet leasing contract. Typically, fleet leasing life-cycle begins with the issuance of a fleet card and ends when the vehicle is taken off road. Among other things, the LeaseWave fleet management software comes equipped with fuel purchase management, maintenance work management, accident management, license management, fleet card administration, exceptions reporting and customer billing capabilities.

LeaseWave Fleet has extensive vehicle tracking capabilities, making it comprehensive auto fleet management software. All key, vehicle-specific attributes can be tracked at the asset-level. These include standard validations for VINs, plate renewal information, delivery and on-road dates, warranty information, key codes, options, odometer readings, etc. Every time the key attributes of an asset are altered, the system automatically maintains an audit trail record of the change.

In addition to providing software to the leasing industry, Odessa Technologies, Inc. is also involved in the capacity of leasing consultants. Whether the consulting services are in the context of leasing-related software or simply management or operations-related consulting, Odessa has experienced professionals to assist and contribute to leasing companies around the world. Training, as it relates to leasing practices, rules, regulations, accounting etc., is also something that Odessa offers as a value-added service. Services are open to both users of Odessa's software products and to non-users.