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Roadmap

SOFT4Leasing lease administration software

Constant improvement

We see a paradox: technologies that are meant to help business are instead limiting the ability to grow. Therefore the Soft4Leasing Product Team is constantly thinking about how to develop the product in today’s changing environment, and how to make it even more useful for leasing companies.
Every quarter, we gather all the useful features from various projects and customers’ requests and decide which should be included in the next Soft4Leasing release. In addition, Dynamics 365 Business Central (Microsoft Dynamics NAV) – the platform our solution is built on – is being constantly developed by Microsoft and a new release appears each year.

What’s new

Current version: Soft4Leasing August ’19 (released 23-August-2019)
Have access to new features as soon as they’re released

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New Novated Lease module

Allows to transfer lease contract to another customer (from employee to employer) and expose the benefit of the employee for lease novation to employer.

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New Penalty Interest Invoicing DD Rule

It allows the system to amend DD Schedule automatically whenever Penalty Interest is invoiced for a Contract. Currently this rule can be enabled only for Financial Products where field “Create Sales Document” is not flagged.

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New field “Program Fee (Financed)”

Program Fees have been extended by adding a new field “Program Fee (Financed)”. Now you can set up standard Financed and Upfront Program fees for every Program.

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Application attached to Credit Line auto approval

System auto approves Application attached to Credit Line if credit limit with this approval is not exceeded.

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Improved Decision Tree

Decision Tree can access Credit Line data.

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Minor product improvements

A number of minor bug fixes are included in this release and therefore you get even more stable product.

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These features have been added to Soft4Factoring module:

  • Ability to skip Factoring Agreement No. input in the Cash Receipt Journal. In this way received fund are applied to the oldest factoring debt. You can configure this option in Factoring Setup window.
  • Ability to apply VAT for any type of charges. You can configure VAT groups for each Factoring Product.
  • Ability to define Minimum Interest Type and Minimum Interest Value for Factoring Product. You can opt to configure minimal Interest amount to be charged as a fixed amount or input minimal number of days to calculate Interest for amount disbursed.
  • Ability to specify Increased Interest Rate. Increased Interest rate is applied after Invoice Due Date.
  • Vendor Limit Check and Debtor Limit Check rules are introduced. The following options are available:

– ignore credit limit violation

– show the message to officer but allow to violate credit limit

– throw an error if credit limit is violated

  • Factoring Chargeback eliminates lots of manual work when you need to return (reverse) financed invoice back to the vendor for different reasons. You can choose to have Full Chargeback when invoice is returned to Vendor and all charges have been reversed. If there is no Full Chargeback selected then charges to Vendor are not reversed.
  • Factoring Invoice Closing Request provides the ability to close quickly the Invoice financed without full Debtor payment received. However, the funds collected from Debtor must be equal or exceed the amount which is the sum of following components: Advance disbursed to Vendor, all types of charges calculated to Vendor up to Closing Request date.

What’s coming with the SOFT4Leasing June ’20 release:

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Major switch to web client (access software on your preferred browser). Windows client is not available anymore starting from this version.

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Extended leasing business revenue recognition functionality.

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Functionality to depersonalize leasing area sensitive data automatically on predefined terms in order to improve compliance with GDPR.

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Ready to use PowerBI reports package.

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Ready to use PowerBI reports package.

Microsoft Dynamics 365 Business Central (former Microsoft Dynamics NAV) Roadmap

It all started back in 1987

Business central roadmap | SOFT4Factoring

Our timeline

2019

Upgrading to D365 BC

Soft4Leasing upgrade to Microsoft Dynamics 365 Business Central On-Premises!

Expanding Globally

The year begins with Soft4Leasing implemention for Scottish Pacific Business Finance (Australia). Sequently,  Soft4Leasing is chosen by two North America companies – Ensign  Pacific Lease (Canada) and Selig Leasing Company (USA).

Joining AFIA

SOFT4 has become a member of the Australian Finance Industry Association (AFIA), which includes 100+ finance companies, ASX-listed financiers and banks.

2018

Expanding in North America

Soft4Leasing is gaining the speed, helping asset finance companies worldwide with their business goals: Location Lacolle (Canada), Financiel (Canada), CCB (Cyprus), HDC (Maldives), Yoma Fleet (Myanmar), Southgate Lease (USA).

SL56

Soft4Leasing version SL56 released on Microsoft Dynamics NAV 2017.

2017

Expanding in Europe and Africa

New customers on board: Eurofima (Switzerland), Tirana Factoring and Leasing (Albania), Rogers Capital Finance (Mauritius).

Upgrading

Customers Selfco Leasing and BeEquip upgraded to new Soft4Leasing version SL54. Project in Somerville National Leasing (Canada) started.

2016

SL54

Soft4Leasing version SL54 released on Microsoft Dynamics NAV 2017.

Working with Toyota

Project in Toyota Tsusho Finance started (with NAV Partner Blue Technology).

We did it within 2 months!

Soft4Leasing version SL52 tested in the projects in the Netherlands (customer BEEQUIP, with NAV partner Faect) and Australia (customer SelfCo Leasing). The fastest implementations ever – SMB leasing companies went live in around 2 months!

2015

SOFT4 in the UK

Soft4Leasing introduced to the UK market through our British partner Tres Tria.

9.00

Microsoft Dynamics NAV 2016: (“9.00”)

2014

Yamaha Project

The first Soft4Leasing implementation in Australia with NAV partner Yamaha Motor Solutions. Soft4Leasing localized for Australia and New Zealand.

SL33

Microsoft Dynamics NAV 2015: (“8.00”). Soft4Leasing upgraded on NAV 2015, version SL33.

2013

Expanding in Canada

Soft4Leasing implementations in well-respected automotive leasing companies in Canada completed: Parade Leasing, Holand Automotive Group, Prime Leasing, Royal Leasing and others.

Going to the Philippines

The first Soft4Leasing implementation in the Philippines with NAV partner Performance Advantage Systems International.

2012

First customers in Canada

First Soft4Leasing implementation in Canada with NAV partner PYA Solutions (customer Claireview Leasing). Soft4Leasing localized for North America.

SL32

Microsoft Dynamics NAV 2013: (“7.00”) 2013, (“7.1”) 2013 R2. Soft4Leasing upgraded on NAV 2013. Version SL32.

2009

Our new name!

Leasing solution code re-designed. Re-branding completed: software for asset-based finance companies is now called Soft4Leasing! Version SL31.

First international Leasing customer!

Sonex Leasing implemented in the first large international company AG Iveco Finance. Read the case study here.

2003

Where it all began

First Leasing project in one of the largest Scandinavian banks in Lithuania started. Within the following years, two  other banks followed. That was the beginning of what now is called Soft4Leasing, version SL30.

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