The product is configuration
The team defines product terms and interest models in the application. Instalment styles can be equal, stepped or seasonal. Grace periods and bullet payments are configured alongside those terms.
Financial leasing
How a financial leasing company recalculates contract amendments within minutes on Beezr
Every product, from grace periods to bullet payments, is configuration in Beezr. When a customer asks for a top-up, the schedule is recalculated in minutes and the old version stays on record.
Leasing amendments meant rebuilding the schedule
Each financing product combined its own terms with an interest model. Payment frequency and instalment style added more variations. The company managed these through spreadsheets and offline calculators, with a high degree of manual control.
A top-up or term extension meant recalculating the schedule. Grace periods and seasonal instalments needed their own treatment. Contracts also needed a traceable history of changes. The complexity made an off-the-shelf fit difficult and a custom build too costly.
A contract change needed a new schedule and a preserved history.
Leasing rules stay with the contract: what we built
We followed the contract from its product definition through amendments and final closure.
The workflow solves the instalment
Contracts move from initiation through approval in configured workflows. A custom function step solves the instalment that closes the balance at maturity. The schedule adjusts when financing changes, including tranches and partial disbursements.
An amendment keeps the previous version
A finance increase or term extension is entered against the contract. Its schedule recalculates, with each version remaining traceable. Late penalties and exceptions post to dedicated ledgers with their own audit trails.
Early settlement closes the ledger too
The payoff calculation uses the periods already elapsed. Product rules decide whether to waive or apply a penalty. The closure workflow handles final ledger reconciliation alongside contract closure.
A day in leasing operations now
The product team configures a variant with its chosen repayment style.
A contract is initiated against the selected financing product.
The contract moves through the configured approval workflow.
A top-up recalculates the schedule while preserving the previous contract version.
A late penalty is recorded in its dedicated ledger.
An early payoff starts the closure workflow and final ledger reconciliation.
What changed: leasing amendments take minutes
Within minutes: recalculations, extensions and finance top-ups.
More than twenty product combinations run as configuration.
Finance teams manage contracts without relying on spreadsheet models.
Contract history and late fees are traceable by stage.
Built from these parts
Financial products and schedules · Contracts and documents · Ledgers
We built the product rules, contract workflows and ledgers as connected parts. Smart Views filter the same records by product type and exposure. Dashboards show the financing pipeline alongside contract types and payment schedules.
Let's talk
If contract amendments keep taking you back to an offline calculator, bring one contract. We can follow its product rules through the schedule and settlement.