|
| July 20, 2000 First
Portland Gets $75 More for Small Ticket Leasing This was added to the Bulletin Board yesterday, that we include at the end of the Leasing News. www.leasingnews.org. If you did not read that far, here it is at the top. Kit, my company, Citation Financial Group located in Fair Oaks, CA (Sacramento) is one of the companies having a problem with Universal Capital Services. They have not returned a Lessee's advance payment nor have they paid us our commisssion on a brokered transaction. I have sent documents to the NALEB attorney, who is following up on our complaint with UCS. We have also contacted a collection attorney in Florida. If you know of others who have been wronged by these people, please have them contact me. If you want all of the details I will be happy to e-mail them to you. We need to stop companies who make a bad name for the industry. Thanks, FIRSTCORP TEAMS RECEIVES $75 MILLLION FOR SMALL-TICKET LEASING First Portland Corporation (doing business as FIRSTCORP) of Portland, Oregon, has closed a $75 million warehouse facility with Autobahn Funding Co., LLC, an asset-backed commercial paper conduit sponsored by DG Bank, Deutsche Genossenschaftsbank AG. The facility will be used to finance First Portland's small-ticket equipment lease portfolio, which consists primarily of computers and peripherals, copiers, telecommunications equipment and other general office equipment. DG Bank, through its Asset Finance Group and Autobahn Funding, specializes in providing warehouse lines of credit and securitization services to specialty finance companies. This was mentioned May 23---the only one I know who may be going is Exec. VP UAEL Ray Williams---right after the UAEL Conference in Orlando, Florida http://www.leasingnews.org/archives/June/6-23-00.htm IQPC TO HOST "E-LEASING: AUTOMATING THE PROCESS FOR POWER AND PROFIT From September 18th through the 20th, the Hotel Nikko in San Francisco will play host to e-Leasing: Automating the Process for Power and Profit. This unique conference provides the opportunity for industry leaders from different markets to come together in a business-to-business exchange. This event is filled with valuable presentations ranging in topics from the trends of cyberleasing in the 21st century to uncovering the secrets of developing a successful online leasing strategy. What makes this conference unusual is its cross-market applications. Both the speaker panels and audience members are made up of a diverse group - from automotive to computers, finance to e-leasing portals. What they share is a common goal - learning how to harness and manage technology for leasing applications which will grow their business and positively impact their bottom line. eLease.com is the title sponsor of the event. CEO Ivan Wolkind will welcome attendees on Monday morning with a discussion about the Web as a powerful business enabler, and present innovative ideas for leading your leasing business into the next generation of Internet services. A panel assembled by the National Vehicle Leasing Association will focus on success factors for the independent lessor. Day two will open with an equipment leasing perspective - how to evolve your leasing business to keep up with the ever-changing needs of your distributors and manufacturers. Chris Terp, of Supersale.com, will discuss the importance of web site content management for e-leasing businesses. There are many more interesting and vital speakers presenting throughout the duration of the conference. They all have something to say about leasing online in the new millennium, which means attendees will be able to take back an incredible amount of information to their respective companies. The conference is brought to you by The International Quality & Productivity Center. \ To find out more about upcoming events, leave an E-mail message at :info@iqpc.com, or access our conference web page on the Internet at http://www.iqpc.com/T144Cleasing or call 1-800-882-8684. Necx.Com And eCredit.Com Streamline Online Credit,Financing and leasing process. ( PS: Restration for One day of the Workshop: $2099 Registration fro two days of the Workshop: $2499 Registration for the Conference Only (no workshops): $1599 editor NECX.com, a wholly-owned subsidiary of VerticalNet and eCredit.com announced the NECX.com Global Electronics Exchange now utilizes eCredit.com's online credit decision capabilities. NECX.com, one of the world's largest centralized, open market makers for semiconductors, electronic components, computer products and networking equipment, is leveraging the eCredit.com Global Financing Network to automate key credit management procedures. The result will be a significantly streamlined approval process for improved customer service and time-to-transaction. "In today's fast-paced electronics marketplace, our most valuable resources are time and money. When faced with mission-critical production deadlines and immediate procurement issues, every minute counts," said Larry Marshall, president and CEO of NECX.com. "As the Global Electronics Exchange moves online, it is increasingly important for us to have a credit system that provides real-time qualification information for purchasers so they can begin transacting as soon as possible. Now, through our relationship with eCredit.com, customers are qualified and trading on the Global Electronics Exchange in a matter of minutes." NECX.com's customer base of 20,000 OEMs, CEMs, distributors and resellers and 8,500 vendors use the Global Electronics Exchange to purchase and sell products across more than 180 product families and different 17 commodities. Before new users can transact on the Exchange, they must submit an application for a credit line. Existing customers can also apply for extended credit. Previously, these requests were processed manually and could take from 3-5 business days to complete. The eCredit.com Global Financing Network enables NECX.com to assess the credit-worthiness of potential buyers, whether they contact the company through traditional channels or on the web, and determine, in real time, how much credit to extend them. Applications are automatically matched against a pre-determined set of guidelines within the Global Financing Network and a response is returned within minutes. In addition to reducing hundreds of man- hours, eCredit.com enables NECX.com to provide enhanced customer service, and users can more quickly take advantage of time-sensitive purchases.
"The Global Electronics Exchange required a solution that would streamline
its credit approval process, but wouldn't compromise the strict risk
management standards set by 20 years of industry experience," said Peter
McKay, president of eCredit.com. "eCredit.com is providing real-time
credit decision capabilities that enable NECX.com to improve its customer
offerings. Through its relationship with eCredit.com, NECX.com is taking
a leadership role in providing value-added services to the electronics
marketplace." www.leasingnews.org
|