Casitron was established in 1980 to provide software services to the equipment leasing industry. The CLAMS product (Casitron’s Lease Accounting and Management System) was initially developed to offer clients a fully integrated General Ledger along with a leasing portfolio management system.
As the product matured, functionality for loans and open loans was added. New technologies were utilized in order to streamline connectivity to the system. This allows multiple integration points with third party systems. In turn, this has provided “best of all worlds” scalability– affording small lenders a lower cost model while allowing enterprise customers the scalability that they require for larger operations. The result is a stable, mature, easy to use system which is abundantly scalable.
Casitron operates on a Software as a Service business model. This allows our customers to focus on their core business, instead of spending time and money maintaining servers and infrastructure.
A secure login to casitron.com provides fine-grained access to the online Casitron Origination System. The system is integrated with CLAMS, allowing quick data upload that eliminates double entry.
Customizable data-entry screens are tailored to your company workflow. Integrated, customized documents can be generated in PDF and other file formats.
Casitron.com allows PPSA registrations and is integrated with Equifax® for consumer and commercial credit reports. The system can also be integrated with a third party credit scoring or decisioning systems. If you prefer to use a third party origination system, CLAMS can be interfaced with any front end system that can pass in data via XML format.
As your data is loaded to CLAMS, transactions are immediately posted to the general ledger. Most of your accounting is performed automatically and you can print your financial statement at any time. CLAMS is designed to be operated by all staff, including those not familiar with lease accounting practices. The securitization facility in CLAMS includes: discounting reports, recording of discount information, while maintaining a funder balance with each contract.
- Fully integrated general ledger
- Leases, conditional sales, loans, and open-loan contracts
- Annual, semi-annual, quarterly, monthly, twice a month, bi-weekly, weekly, and variable contract frequencies
- Interest rate buy downs
- Buyout quotations
- Contract, vendor, rep/broker, PPSA, insurance, accounts receivable, accounts payable, inventory, and asset audit information
- Memos and correspondence
- Cheque printing, including electronic signature and MICR encoding
- Large range of standard reports
- Customized programming
For more information on Casitron's software services, please visit www.casitron.com or contact firstname.lastname@example.org.