How the Cloudcards Asset Management application helps you enhance your Aircraft Asset Management & gives lessors a competitive edge
Is clunky, legacy contract management software holding you back?
The majority of lessors report that legacy asset management systems on the market are cumbersome to use, leading to poor adoption within their organisation and a weak return on investment. A recent survey conducted by Cloudcards across 30 leasing companies confirmed that 74% of the respondents felt their business was being held back by the inability of the legacy incumbent providers to perform key functions across technical, contract , finance, risk & commercial teams.
Providing users with a great experience coupled with easy navigation and powerful reporting can become a competitive edge for your business. Using an intuitive and modern design, all the modules on the cloud asset management system are accessible based on a flexible and easy to manage permissions system, and are easily available across mobile, tablet & desktop.
Drive better decisions from our full financial modelling at your fingertips
Within our recent survey, 82% of the leasing companies surveyed “mostly” relied on their own internal spreadsheet model to run scenario forecasting , instead of the fly forward functionality within its current contract management system.
This additional layer of unnecessary complexity substantially delays decisions, as spreadsheets are not the ideal environment to run complex, multi criteria forecast models, easily , which is required in today’s lessor market. Lessors surveyed claimed that it takes “ weeks” to complete modelling exercises.
Cloudcards are delighted to release new functionality (Jan 2021) which will provide the most comprehensive Balance Sheet, Maintenance reserve fund forecasting application on the market. It allows lessors to de-risk their investment and maximise the aircraft lifetime value quickly through robust modelling that can be accessed quickly.
The modelling features are extensive:
- View & reconcile balance sheet by individual MSN
- Review granular data on Income statements to MSN level
- Analyse your KPIs such as EBITDA & ROE across each of your aircraft
- Run multiple “ What if “ scenarios
- Link actuals to forecast & budget
- Reconcile your balance sheet net book value by Portfolio/MSN
The cloudcards AMS will provide a full financial statement on every aircraft in our portfolio, detailed information about income & costs, assets & liabilities, associated with each MSN, allowing to see the profitability of each aircraft at a glance. This information will be at your fingertips, allowing you to make even more effective decisions.
Built on Microsoft Azure, the cloudcards AMS is built on 14 different modules, and presents the ideal contract management, financial management and technical system. The cloud asset management system has an intelligent, powerful reporting module, with a rich suite of dashboards configured to your requirements. These reports & dashboards provide a single view to drive alignment across different departments. All the key data points are available to users while the reports are configurable and adaptable based on your specific needs.
Do you wish to partner with a software partner who are experts in aviation and have the agility to customise the solution based on your leasing company requirements?
Within our survey, 74% of respondents felt their business was being held back by the inability of the legacy incumbent providers to make changes to their contract management systems based on the individual needs of the leasing company.
We are a great fit for leasing companies who have specific needs to their business which are not being currently met. We’ve scaled up our own software team , in addition to continuing to work with our 3rd party best in class software development partner, ActionPoint. Our approach is collaborative, to understand your requirements in detail and to ensure the system functionality meets your ongoing requirements.
Streamline and reduce costs associated with your Aircraft Asset Management
A unique system, it enables aircraft leasing companies to manage the day to-day lease and asset management processes easily by capturing all data for the aircraft from birth to tear down.
The key features allow you to capture multiple pieces of data and information on the asset and lease and use the data to control and forecast costs and general financial information to make key decisions. Key benefits of cloud asset management:
- Cloudcards Asset Management System automates complex processes across your entire business and its great user contract management, technical and financial asset management processes .
- Open source system – allows for upload and download data easily into multiple applications such as excel, PDF and CSV.
- Agile and customised reporting allowing leasing companies convert multiple data sources into actionable reports
- Integrate into multiple accountancy packages to ensure there is one version of the truth across all functions within a leasing company .
- Our Simple self administration with multi level access, means that leasing companies have the flexibility to complete simple day to day changes to the system directly , such as easily adding new aircraft, engines, or adding new users.
Asset information security and safeguarding
The cloudcards asset management system is built on Microsoft Azure and come with best in class enterprise levels of data redundancy & security standards. Microsoft invests over a billion dollars every year into security to ensure your data and business assets are protected. In addition, they have over 3,500 cybersecurity experts to ensure data is secure. Using Microsoft Azure ensures that your commercially sensitive asset and lease data is only accessible by relevant personnel. It will also provide an audit trail of all data modifications within the system to ensure full traceability.
Alignment across teams and departments
The cloud asset management system allows a single view of the asset across multiple departments within your organisations.
Across your treasury team, it allows the transfer of maintenance reserve balances from one asset account to another asset or asset account. It will allow your team the ability to apply a range of interest options on unpaid invoices, maintenance reserve balances and security deposits.
The system allows the generation of various financial reports e.g. receivables report, cash received report cater for multiple currencies when capturing data and generating reports e.g. USD, GBP.
The full and mini technical specification gives powerful reporting capabilities to your sales and marketing teams with full technical details at both aircraft and engine levels. On the road reporting available on a mobile device for tech specs and lease summary.
To ensure effective usage and widespread adoption of the cloud asset management system we offer a comprehensive training programme to ensure your teams have the required level of knowledge and skills to optimise their usage. The training can be delivered on-site and is supplemented by a user training manual and additional learning materials.