Lawson Lease Management

Join RPI while we present this Lawson Lease Management webinar. Learn how this integrated Lawson module can assist with the management of your organization’s Leases. This webinar will cover functionality, including lease maintenance, payment schedule setup, straight line payment calculation & accounting, and regulation compliance for capital leases. See the payment cycle process from LM payment schedule through invoice creation and interface to AP. Compare the option of LM to maintaining recurring AP invoices, as well as externally managed options.

Keith: I want to thank you once again for taking the time to attend this morning’s presentation on Lawson Lease Management. We have a great presenter here for you today, Mr. Chris Gordon. First, a couple of house keeping items. One is, we will be recording this session. We get asked that often. It takes a little while to edit it, get it ready, get uploaded to YouTube. Give us a week, week and a half. We will send you an email, my good friend Logan here, when it is ready. So you’ll know you’ll be able to share that, you’ll be able to rewatch it. Hopefully it’s worth rewatching. The second is, these presentations, we’re talking straight into a camera. Questions are super helpful, so if you have some please type them into the go-to webinar module and Bill Getty will ask throughout the presentation. Helps break up the dynamic a little.

Now, without further adiue, I give you one of our most talented financial consultants, a colleague and great friend, Mr. Chris Gordon.

Chris Gordon: Thank you Keith, and thank you guys for joining this morning. Like he said, my name is Chris Gordon and we’re going to spend the next hour or so going over the Lawson Lease Management module. We’ll look at some key functionality, I’ll go through an actual product demo. So, we’ll show you how the the Lease Management module works and how it interfaces with some of the other Lawson modules. The Lease Management module is something out there that a lot of you guys may or may not have set up. A lot of times, Lease Management kind of gets kicked to the back burner. You own it but you don’t have it implemented and you might be asking yourself, “What are some of the values that we can get from this system today?” That’s what we’re trying to answer. We’re going to hopefully, over the next hour or so, show you why this is a valuable tool to implement.

Like I said, we’re going to start with the functionality overview of the Lease Management module. What are some of the processes it replaces? If you’re doing a lot of calculations or journal entries outside of Lawson and interfacing into Lawson, what does this Lease Management module replace for you? Who’s the product for? Who should be considering this product? There are certain economies of scale that if are met, this module is a valuable tool for you and we’re going to go through that in the next few slides.

Like I said, we’re going to do a product walkthrough, so we’ll show you how the leases are set up, how their interfaced as an Accounts Payable system, and eventually paid through AP. We’ll touch on some reporting and analysis because after all, this is a module within your Lawson ERP and what good is it if you can’t report out of it?

Some new lease requirements. We’ll go over … Starting in 2019 there’s some new standards for lease accounting that I do want to touch on towards the end of this presentation.

Like we mentioned before, Q and A. This is reserved for the end, but if you have questions throughout the entire presentation, type those into the GoToMeeting and we’ll stop and address those.

First and foremost, a little bit about RPI. This is actually a picture taken from Inforum back in July at our booth. RPI was founded back in 1999. We’re located right here in Baltimore, Maryland with other satellite offices in Florida, Arizona, and Kansas City. We have about 70 consultants nation-wide, certified across all the different Lawson products.

A little bit of a functionality overview. If you’re new to Lease Management and curious what it does, let’s just give you an idea of why it might be valuable to implement Lease Management and show you what it can do. First and foremost, it’s an integrated solution, right? Just like AP is integrated to your General Ledger. The Project Accounting module is integrated to your General Le