TransmetriQ, a Railinc® brand that provides rail shipping optimization software, has added advanced fleet insight capabilities to its Asset Manager offering. The new Lease Management module expands visibility from asset location, health, and status into lease-related analysis and reporting.
Lease Management provides railcar owners and lessees with a central location for storing detailed lease information, enabling users to generate insights from varied data sources, improving planning, and ensuring accurate billing.
“The new module addresses a lack of visibility to lease information and siloed data, which can frustrate leasing managers,” says Gregg Phillips, product manager, Asset Manager, TransmetriQ. “Lease Management enables tracking of key lease details and incorporates characteristics of individual users’ leases into the metrics they track for asset performance, improving fleet insights.”
The TransmetriQ Lease Management module provides improved management capabilities for lessees and lessors including:
• Tracking lease renewal dates and terms
• Reconciling billing to lease terms
• Managing asset deployment
• Identifying repair cost responsibility
• Analyzing lease term compliance (e.g., mileage)
This new functionality allows users to analyze private lease data—in addition to the location and health data they are accustomed to seeing from Railinc and TransmetriQ—providing a new, more-comprehensive picture of their fleet and operations.
Shippers that lease or own their rail equipment need information that enables the safe and efficient use of their fleets. Asset Manager is designed to provide insights that help shippers gather and act on that vital fleet information, helping them improve cost control, car availability, and complex data management.