Fleet โAdvantage Launches Software to Accelerate Truck Lease Surrenders
Fleetโฃ Advantage has introducedโ OffLease Reimagined, a new software platform designed to dramatically streamlineโ the heavy-duty truck lease surrender process for โขcorporateโค fleets. The platform,โค integrated with the company’s existing ATLAASโข system,โฃ centralizesโ portfolio management, automates communications, andโข standardizes documentation for inspections โand repairs.
The launch addresses a critical pain point for fleets managing large โnumbers of โvehicles – lengthy and often error-proneโฃ lease surrender processes. OffLease Reimagined โreportedly reduces average surrender timelines โคfrom over 90 days to approximately 30 days, while also decreasing clerical errors by nearly 50%. This efficiency โtranslates directly โinto โcost savings โขand improved operational performance for fleet operators.
The โขnew toolโ earned the Equipment โฃLeasing and Finance Association’s Excellence in Innovationโ Award,recognizing its โimpact on digital change and efficiency. Fleet Advantage cites examples of client savings, including one fleet avoiding over $10 million in lease extension charges. โค
Fleet Advantage,the largest self-reliant lessor of heavy-duty โขClass-8 trucks in the U.S., currently manages a โคportfolio exceeding $3 billion in โฃassets and 30,000 units under its life cycle cost program. โThe company โคserves โmore than 50 of โขAmerica’s largest โcorporate fleets, including five of the top ten private fleets.