ProvenAir Technologies has deployed its new Lease Management platform, a cloud-based solution designed to help aerospace asset owners track their portfolios and the lease economics governing them, the company said.
Developed in close collaboration with RESIDCO a commercial aircraft and engine lessor, the platform provides asset owners with a single system for managing lease and portfolio data, replacing spreadsheets and manual processes that have long been used across the industry.
As ProvenAir’s design partner, RESIDCO worked alongside the company’s product team throughout development, helping shape the platform’s core workflows around real portfolio and lease scenarios.
The collaboration resulted in Fly Forward Economics, Lease Management’s flagship capability, which brings lease-value and return-condition forecasting into the same view as underlying maintenance and traceability records.
“Working with ProvenAir on this platform means we now have lease and asset data in one place and with a real-time view. It’s changed how quickly we can answer basic questions about our own portfolio,” said Scott Daniels, Managing Director, Aviation, at RESIDCO.
