Odessa Technologies

LeaseWave Suite

3 / 5 2 reviews

Who Uses This Software?

We serve Banks, Independent Finance Companies and Captives involved in the business of equipment and automotive finance, through LeaseWave - our lease, loan and fleet management software.


Average Ratings

2 Reviews
  • 3 / 5
    Overall
  • 3 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Live Online
    In Person
  • Support
    Business Hours

Vendor Details

  • Odessa Technologies
  • www.odessatechnologies.com
  • Founded 1996
  • United States

About LeaseWave Suite

Odessa Technologies, Inc. is the developer of LeaseWave, an end to end browser-based lease and loan management system designed to support the entire lifecycle of leases, loans and assets. In addition to comprehensive front-end and back-end functionality, the suite streamlines interaction between all the potential parties in the leasing process: vendors, lessees, brokers and funding sources.


LeaseWave Suite Features

  • ATM Management
  • Brokerage
  • Compliance Management
  • Core Banking
  • Credit Card Management
  • Credit Union
  • Investment Banking
  • Lending Management
  • Multi-Branch
  • Offshore Management
  • Online Banking
  • Private Banking
  • Retail Banking
  • Risk Management
  • Securities Management
  • Teller Operations
  • Transaction Monitoring
  • Amortization Schedule
  • Asset Management
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Capitalization Reporting
  • Critical Date Alerts
  • Expense Tracking
  • For Equipment Leases
  • For Real Estate
  • Payment Tracking
  • Portfolio Management
  • Tax Management
  • Billing & Invoicing
  • Commercial Leases
  • Contact Management
  • Landlord Database
  • Lease Classification
  • Portfolio Management
  • Property Management
  • Residential Leases
  • Retail Leases
  • Sublease Management
  • Tenant Database

LeaseWave Suite Reviews Recently Reviewed!


LeaseWave has issues

Aug 30, 2018
1/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Value for Money

Pros: It has a very clean looking interface.

It is tightly integrated for what it does.

Cons: It is very rigid and not flexible.

It's interface, while clean, is too spread-out resulting in users having to scroll through long screens to find information or complete tasks.

Users have to jump back and forth through many screens to accomplish most tasks. As a result, what should be simple tasks end up taking much longer to complete than should be necessary.

Taxes did not, and despite 2 years of effort still do not, work correctly. And this is in Canada where commodity taxation is much simpler compared to the USA.

The accounting templates are too inflexible.

The product is expensive for the quality delivered. OTI will send out resources to assist (you cannot use in-house programmers), but, they cost a lot. Support is from Bangalore India (9 hours time difference) which makes troubleshooting challenging.

The program could not calculate a correct AR Aging. The Customer Service screen details did not agree to the underlying GL. Customer statements are buried deep within the program and were incorrect.

Reports of any sort are hard to find and slow to generate.

It is not a one-solution as the program does not include a banking module, an accounts payable module (to produce cheques) or a complete GL that can be used for financial reporting. You will have to purchase a separate GL/AP to handle these tasks and then pay OTI to link into the program.

OTI does not use standard accounting terminology. For example, "Accounts Receivable does not include taxes" in their system.

Overall: Overall, we would have been far better off programming in-house from scratch.

The system is good only if your leasing business is very cookie-cutter, you do not need efficient staff processing, and do not mind paying a lot for any changes.

Licensing for users is also very expensive.

There are better options.

Best Lease Management Software available

Jul 16, 2015
5/5
Overall
4 / 5
Ease of Use
5 / 5
Customer Support

Comments: It is suite of 120 configurable modules fully automates the operations of leasing companies. Unlike competing lease management software solutions, it is built ground up as a singular platform on a singular database. This allows both internal and external stakeholders to work off a single source of truth across all leasing functions without the need for messy integrations across disparate systems.

The UI in the latest version is great. We have been using the product for 3 years now and have been satisfied with the performance.