FAQ

1. How does LeaseTek keep the system up to date on accounting rule changes and how do you ensure the accuracy of the accounting methods used by the system?

LeaseTek has a special department staffed with lease accounting specialists that provide our customers with extensive documentation concerning accounting methods applied in the system. Furthermore LeaseTek uses Ernst & Young as our primary accounting resource in order to keep us up to date on any world-wide accounting rule changes. The LeaseManag-r complies with the world-wide principles of IAS 17 as well as FASB 13, CICA 3065 and SSAP 21.

2. Will the LeaseTek system satisfy my unique billing and accounting needs?

A system which has been installed in 20 countries with more than 450 finance companies, all with their own individual needs and business practices, is by definition extremely flexible and adaptable.

3. Who will update the system and train and support my people?

LeaseTek is committed to a policy of semi-annual updates which will ensure that the system is up to date. LeaseTek fully acknowlidges the importance of training and education. The training program is developed according to skill level; initial training for the novice users and advanced training and software reviews for users with system experience.

4. Will I ever outgrow the LeaseTek system?

Benchmark testing of the Client/Server system recently showed that it, for instance, can process the invoicing of more than 100 000 contracts in less than 30 minutes. Furthermore, LAN stress test results on the LeaseManag-r DOS/Clipper product determined its contract capacity to be greater than 600 000 contracts. The maximum capacity of the C/S product is determined to be tenfold higher.

5. Does LeaseTek support a two-tier or a three-tier Client/Server approach?

The Client/Server system is using a three tier architecture with a database server for data storage and manipulation, a middle tier for business rules and procedures and a client for the presentation layer.

6. How does LeaseTek incorporate emerging technologies, such as the Internet and the WWW, into its products?

LeaseTek totally realises the potential of the Internet and the World Wide Web and has formed an Internet Enabling Group to focus on leasing and finance companies with an urgent need to put their business applications on the World Wide Web. Since late 1996, LeaseTek is going down the path of placing its front-end tool set, The Quote-r in JAVA/Internet form.