What is Progefi 16?
Leasing has emerged as a significant issue throughout Europe due to the growing uncertainty surrounding the direct purchase of production facilities. With around 1,400 leasing companies offering close to 250 billion euros in financing each year, the landscape is complex. These leasing contracts can often be convoluted, leading to unforeseen costs and requiring adjustments in financial reporting that may create substantial constraints. Progefi presents a practical solution that streamlines the oversight of financial leasing agreements, providing users with reliable and timely information. The platform facilitates the creation of daily reports and the easy restatement of comparative figures in line with IFRS 16. Essential information such as payment amounts, interest rates, original values, remaining terms, financing charges, effective rates, and total expenses can all be efficiently managed. This makes Progefi an essential resource for those seeking to maintain effective financial control. By leveraging this service, organizations can confidently tackle the challenges associated with leasing while ensuring clarity in their financial practices. Moreover, this enhanced oversight allows businesses to make informed decisions regarding their leasing strategies.
Integrations
No integrations listed.
Similar Software to Progefi 16
Visual Lease stands out as a leading solution for lease accounting and management. It effectively streamlines the adherence to ASC 842 and IFRS 16 standards. The robust platform of Visual Lease is crafted with extensive expertise, drawing insights from seasoned lease professionals and certified public accountants. It is versatile enough to accommodate lease portfolios of any size or variety. Furthermore, Visual Lease prioritizes exceptional customer service by providing comprehensive in-house training, implementation assistance, and ongoing support to ensure client success. This commitment to service excellence sets Visual Lease apart in the competitive landscape of lease management software.
Learn more
Blue Sky's "Portfolio Manager" Lease Management Software offers a user-friendly SaaS solution for the centralized oversight of lease agreements. This platform enhances the management of lease and maintenance contracts throughout their entire lifecycle, thereby bolstering the audit process, lowering expenses, boosting cash flow, and reducing risk through a unified view that enhances enterprise value. Furthermore, Portfolio Manager facilitates comprehensive status management for ongoing leasing RFPs, enabling users to track statuses, notes, documents, and subsequent actions for each active project. The software supports efficient data entry through flat file data imports and is highly customizable, featuring extensive reporting functions. Users can export any data field to Excel via the report writer, and pre-built templates are designed to integrate with most ASC842 lease accounting software. Additionally, the automated management of end-of-lease terms includes customizable parameters and alerts, ensuring that users never overlook a lease expiration. For those with specific needs, custom programming options are also available, making it a versatile choice for lease management. Overall, Portfolio Manager stands out as a comprehensive tool for organizations looking to optimize their lease management processes effectively.
Learn more
SplashLeasing
SplashLeasing is a modern, flexible, and intuitive solution crafted specifically for the leasing industry. Built as an enhancement of the Microsoft Dynamics 365 platform, it merges the extensive functionalities of CRM and ERP systems into one seamless experience. This integration provides users with a unique advantage in the marketplace, enabling them to outpace their competition with ease. The platform covers the entire leasing lifecycle, beginning from the first expression of interest in a product all the way to its final disposal and the initiation of a new leasing agreement. As a modular system, it offers significant adaptability, making it perfectly suited for businesses in need of innovative technology and flexibility. Furthermore, SplashLeasing can be implemented in the SplashDev data center or installed on-premises, giving organizations the freedom to choose the deployment method that best aligns with their operational requirements. This combination of features empowers companies to refine their leasing strategies as they grow and change over time, ensuring they remain competitive in a dynamic market landscape.
Learn more
Leasecat
Catsoft Leasecat serves as an all-encompassing lease management tool that streamlines the process of creating reports and performing lease calculations from the perspectives of both lessees and lessors, addressing financial leases, operating leases, and hire purchases. The application allows users to efficiently track lease details relevant to their role, whether they are leasing or leasing out assets. Its reporting capabilities cover aspects such as cash flow assessments, interest rates associated with leases, lease terminations, and summaries of journal entries. Moreover, the platform provides lessees with the flexibility to sub-lease a portion or the entirety of a leased asset to third parties. Users can customize interest charge methodologies and amortization strategies according to their needs. With an integrated report creation tool, individuals can tailor reports by selecting specific fields. The software also has the capability to automatically calculate the interest rate implicit in lease contracts. Additionally, lessees can enter a projected interest rate, which can modify the fair value, or they may explore suggested alternative rental payment scenarios. In summary, Leasecat is an essential resource for effectively managing a wide range of lease agreements, ensuring that every aspect of the leasing process is handled with precision.
Learn more
Screenshots and Video
Company Facts
Company Name:
Finance Active
Date Founded:
2000
Company Location:
France
Company Website:
financeactive.com/financial-risk-management/leasing-management/progefi-16/
Product Details
Deployment
SaaS
Training Options
Online Training
Support
Standard Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English