Fleet Advantage has launched OffLease Reimagined, a new fleet-oriented software platform designed to streamline and modernize the heavy-duty truck lease surrender process.
Integrated into the company’s ATLAAS system, the tool centralizes lease portfolio management, automates communication, and standardizes inspection and repair documentation, according to a Sept. 15 Fleet Advantage release. The platform reduces average surrender timelines from more than 90 days to about 30 and cutting clerical errors by nearly half.
The platform recently earned the Equipment Leasing and Finance Association’s Excellence in Innovation Award for driving measurable improvements in digital transformation and operational efficiency, according to the release. Fleet Advantage’s technology has already delivered significant cost savings for clients, including one fleet that saved more than $10 million in avoided lease extension charges.
Fleet Advantage, the nation’s largest independent lessor of heavy-duty Class-8 trucks, manages more than $3 billion in assets and 30,000 units under its life cycle cost program, according to the release. The company serves over 50 of America’s largest corporate fleets, including five of the top 10 private fleets.
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