LeaseWave
End-to-end lease and loan management platform for equipment and auto finance
About LeaseWave
LeaseWave is Odessa Technologies' browser-based lease and loan management platform built for equipment and auto finance companies. Made up of more than 120 configurable modules, it supports the full asset lifecycle across origination, contract servicing, accounting, compliance, and remarketing. The platform is highly configurable and extensible, letting banks, captives, and independent financers automate operations and consolidate legacy systems.
Pros & Cons
Pros
- End-to-end platform covering origination, servicing, accounting, and remarketing
- Highly configurable and customizable with 120+ modules and a development platform
- Manages large portfolios across multiple countries and currencies
- Responsive and helpful customer support
- Strong fit for equipment and auto finance operations
Cons
- Interface can feel clunky with confusing tab order and nested windows
- API and CRM module can be unreliable or not fully functional
- Onboarding and implementation could be more streamlined
- High price point makes it unsuitable for small businesses
Key Features
Lease & Loan Origination
Manage originations for commercial, retail, and equipment leases and loans, streamlining interactions between vendors, lessees, brokers, and funding sources.
Contract Servicing
Handle post-booking changes including restructures, rebooks, pay downs, and write-offs with full accounting consideration.
Billing & Invoicing
Full billing coverage including consolidated invoices, cost-center presentation, and asset-level billing.
Accounting & General Ledger
Fully-fledged accounting modules with general ledger support and custom reporting tools for the lease and loan business.
Compliance & Regulatory
Automate sales and use tax management, UCC filing, property tax management, and diverse insurance requirements.
Asset Lifecycle Tracking
Granular asset-level financial details and lifecycle tracking from origination through remarketing.
Configurable Modules
Over 120 configurable modules plus the Odessa development platform to extend and customize functionality.
AI & Analytics
Integrated AI for prediction and decision-making, with analytics powered by Microsoft Power BI.
Self-Service Portals
Self-service customer and partner portals plus API connectivity to consolidate legacy systems.
Pricing
- Full lease and loan lifecycle management
- 120+ configurable modules
- Accounting, billing, and compliance automation
- AI, analytics, and self-service portals
- Implementation and dedicated support
- Capterra-listed starting price around $100,000 (one-time)
Best For
Equipment Finance
Banks and captives managing equipment lease and loan portfolios end-to-end across the asset lifecycle.
Auto Finance
Auto finance providers handling vehicle lease and loan originations and servicing at scale.
Legacy System Consolidation
Financers using API connectivity and configurable modules to replace and consolidate fragmented legacy systems.
Regulatory Compliance
Teams automating tax, UCC filing, and insurance compliance across multiple jurisdictions.
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