Fame Rental, a modern asset-centric, web-enabled, and comprehensive rental management software, now features fully integrated capabilities that allow rental businesses to handle financing contracts, manage loans and monitor leases on equipment and other assets. Fame showed off its new software capabilities at the ARA Show this week in New Orleans.
According to Joe Lewis, CEO of Fame Rental, “This feature is not available in other software platforms. The Fame capability is vital for rental businesses because it provides ASC 842-compliant lease accounting, automatically classifies short- and long-term liabilities, and allocates interest expense to each asset with each payment. Ultimately, rental businesses benefit because they can better manage equipment amortization, acquisitions, and disposals of financed equipment.”
The upgrade to Fame’s financing management capability sets the stage for the upcoming FameAir Lender Portal launch. Like the FameAir Customer Portal, the FameAir Lender Portal will allow select lenders to have controlled access to information required for periodic compliance reporting.
Based in Westport, Conn., Fame Rental offers innovative web-based software solutions that help rental businesses manage rentals, sales, service, retail, leases, manufacturing, maintenance, inventory, parts, purchasing, accounting, and asset financing, in one fully integrated system.
