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| September 26, 2000 LeasingExchanges
Issues "Smart Suite." *****Look for Our Special Report on Sierra Cities Tomorrow******* LeaseExchange Unveils Next Generation Multi-Lender Leasing Technology Powering both sales forces and online commerce transactions, LeaseExchange SmartSuite™ brings multi-lender and online capabilities to vendors and captive lessors, increasing approval rates and process efficiencies San Francisco, CA, September 26, 2000 - LeaseExchange, the provider of the equipment leasing industry's premier multi-lender leasing platform and services, today introduced LeaseExchange SmartSuite™, an ASP collection of web-based components that enable equipment sellers to provide enhanced leasing services to their customers. SmartSuite can be used both as a tool for sales forces and as an engine for online transactions. It enables equipment sellers, including those with captive lessors, to simply and cost-effectively take advantage of the benefits of multiple lenders and online leasing processes. The benefits include increased approval rates, visibility and control over one or more funding sources, reduced overhead and enhanced reporting. With SmartSuite, equipment sellers can offer financing through LeaseExchange funding partners or from their existing funding sources. In either case, control over the funding sources remains with the equipment seller. For example, with SmartRoute™ they can dictate tiered routing logic and flow processes between funding sources, such as ensuring a captive lessor's right-of-first-refusal on all incoming transactions. "Equipment sellers use financing as a tool to close sales, earn additional revenue and service their customers more effectively," says Aaron Ross, CEO of LeaseExchange. "However, companies are still frustrated with low approval rates and slow manual processes. The SmartSuite leasing solution puts the control in their hands to approve more customers and move the process completely online." "We are very excited about SmartSuite," said Jay Borenstein, CTO of LeaseExchange. "Equipment sellers can essentially plug desirable components from LeaseExchange's suite of products into an existing system, either for a sales force or online commerce." Examples of SmartSuite components include: SOLA™ (Singular Online Lease Application): SOLA brings automation and scalability to many of the previously manual processes in leasing, including lease initiation, pricing, credit and fraud checking, document management and account management. SmartRoute™: Clients with captive or primary lessors can use SmartRoute's right-of-first-refusal, tiered routing and filtering technologies to control the processes by which lease applications are routed and managed within a multi-lender environment. SmartCommerce™: Plug the full capabilities of SmartSuite into a website. The SmartCommerce component integrates the shopping and leasing processes within a website. For example, SmartCommerce pre-populates the lease application with the shopping cart's contents. SmartDocument™: Utilize SmartDocument technology to generate and manage documents online, enabling a paperless leasing process. Existing paper documents can be faxed and automatically digitized. SmartServe™: A complete interface for managing customer service, including tools for tracking leases, online chatting, auto-emailing and reporting. About LeaseExchange LeaseExchange is the premier provider of multi-lender equipment leasing services and technologies for equipment sellers and other companies offering leasing. Its multi-lender services and technology solutions increase approval rates, increase process efficiencies, and provide more control and visibility over the leasing process. The Red Herring, realizing that LeaseExchange is positioned to reinvent the $233 billion dollar leasing industry, recently selected LeaseExchange as one of the "Ten to Watch" companies for 2000. For more information about LeaseExchange, visit www.LeaseExchange.com or call (800) 499-2577. Kit, I always thought CLP stood for "Crazy Leasing Person".....LOL Rob
Yohe
Kit, So again, thank you for the mention!
p.s. Are the misinformation's and misquotes so that those of us who said we would
never write in are actually forced to? Deborah
J. Monosson ( Didn't know you could make more than one point...we will have to send her some business---editor ). Dear Kit- I think your newsletter is very informative and great for the industry. I really enjoy hearing what is going on. I referenced your site at the E-Leasing show last week and was surprised no one knew about it. I hope you received some new registrations from the reference. The conference was small but very interactive. Overview: Everyone is looking for answers about how to get online in a way that will make money and add value to their brand while minimizing fraud. The times of the splash page have passed for companies that really want to compete in this space. Customers are demanding more information and interaction such as payoffs, applying for new leases, and residuals. This of course is harder than a static HTML web site and requires thought and did I forget money to build! What is the ROI in the short term and long run for getting your company online? Bottom line is everyone knows that things are moving fast and no one wants to be left behind. The companies that figure it out will have a tremendous competitive advantage. There was great debate from all parties and I picked up some great information. I would recommend the show! Let me know if I can ever be of assistance in looking at the internet landscape. Take care, Tom
Williams, Co-founder ( Hey--we need all the help we can get!!!! We purposely do no promotions, or seek ads or banners and never spam---you have to ask to get on our mailing list. ---editor ). -CapitalStream
Creates CapitalStream.com Bid Management, Expanding the Power of its Business
Finance Private Marketplace Model Company also launches major release of web site
for financing companies, manufacturers, and finance brokers Seattle, September 26, 2000 - To enable financial supply chain participants to conduct more complex financing deals online, CapitalStream announced today CapitalStream.com Bid Management. Bid Management expands the power of the company's private market model by allowing finance brokers and other seekers of commercial financing amounts from $2-$25 million to connect with selected funding sources through a Request for Proposal (RFP) matching system. In addition, the company launched a new version of its CapitalStream.com site, which includes enhancements to its pricing, quoting and document management capabilities. The company also announced the availability of its FinanceItNow link for e-commerce sites, seamlessly integrated with the CapitalStream.com transaction network and services. CapitalStream.com is a hosted financing network for the commercial finance industry that merges the efficiencies made possible by the Internet with the trusting relationships required in sensitive money-based transactions. Through a sophisticated profiling capability, CapitalStream.com Bid Management ensures that the all-important relationship factor remains intact, even in a bid environment. With this profiling feature, each company involved in the transaction is matched with the other participants' areas of expertise, credit profiles and deal size preferences, just to name a few of the relationship-related variables that are important in the commercial financing industry. CapitalStream.com Bid Management is designed to improve both efficiency and trust into the world of complex financing deals. The profiling works like this: Those seeking financing create their profiles and RFPs, click on a "find investor match" button, and Bid Management sends the RFP to matched funding sources (such as banks and commercial credit companies). Those funding sources that elect to bid do so, and Bid Management weights and ranks the bids per the seekers' requirements, enabling them to analyze, negotiate with and select a winning bidder. Awarded bids can flow directly into the credit and document management functions within CapitalStream.com for complete integration of the financing automation process. With Bid Management, funding sources get more of the type of deals they are looking for, funding seekers get more choices and more customized bids and all members of the financial supply chain receive the productivity benefits of doing it online. Finance brokers also benefit with CapitalStream.com, they can get up-to-date program information, enter and track all their transactions, and provide their clients with profiled bidders, all with a single log-on. "Bid Management helps both the demand and supply sides of the industry automate what is today a cumbersome process," said Stephen Campbell, president and CEO of CapitalStream. "In addition, it more closely maps to how business finance is conducted in the real world, which is in the interest of all participants." Raj Srinath, director, corporate finance, National Railroad Passenger Corporation (Amtrak), one of the beta sites for Bid Management said, "When we were looking for equipment financing sources, we wanted to find someone who understood our business. Using Bid Management, we created an RFP, were matched with 10 funding sources, and received bids from four, all online. Not only did it make the process faster, it also ensured that we would receive proposals from people with the expertise we were looking for. " CapitalStream.com Major Version Launch To further serve its subscribers, CapitalStream has announced a number of new features of its CapitalStream.com hosted financing network. CapitalStream.com is a transaction network and set of services designed to streamline the entire commercial financing process, helping members of the financial supply chain better serve their customers. Of particular interest to current subscribers is the newly created document management system. This allows users to customize and create templates for documents associated with a quote or a lease deal, directly within CapitalStream.com. In addition, credit application forms are now entirely customizable. The company also added more flexibility to rate variability. A single quote can now include several different rates for several different pieces of equipment. In addition, users can log and archive quotes, both for reuse at a later date, and to use as data for future marketing efforts. For B2B e-commerce sites looking to enable their customers to lease equipment found at their sites, CapitalStream now offers FinanceItNow, the capability to allow customers to seamlessly link to the financing network. Availability CapitalStream.com Bid Management will be in full production in October 2000 for subscribers and funding sources. The new document management capabilities are available now to subscribers for an additional fee. Enhancements to pricing, quoting, rates and credit applications are included with the core CapitalStream.com subscription and are available October 27th. FinanceItNow is also available October 27th to B2B sites. About CapitalStream Seattle-based CapitalStream offers end-to-end e-commerce solutions-including transaction network, origination management, bid management, risk management and fulfillment - for the global commercial finance market. The company's e-commerce network, CapitalStream.com, provides an infrastructure for financing companies, manufacturers and B2B e-commerce firms to capture, grow and service customers. CapitalStream has been an established industry leader for more than five years, and has helped several hundred leading financial organizations increase their competitiveness, customer service and profitability. For additional information about CapitalStream visit its web site at www.CapitalStream.com. Comdisco Launches Fully Managed VPN Solutions ROSEMONT, Ill.--(BUSINESS WIRE)--Sept. 26, 2000-- --Services Combine Design, Implementation, Management Expertise, With An Array of Access Options Giving businesses flexible connectivity for new enterprise-wide applications, Comdisco (NYSE: CDO) today launched fully managed Virtual Private Network (VPN) solutions to connect companies' remote offices, teleworkers and mobile users. The services, VPNOffice(SM) and VPNTelework(SM), give companies a secure broadband "slice" of the Internet for connectivity worldwide. Comdisco can act as a single-source for VPN solutions, offering complete design, implementation and long-term management for customers. Comdisco's VPN services are also unique in the wide array of access options available to customers. Comdisco offers competitively priced remote access via DSL, cable-modems, dial-up and redundant dial-up services through access agreements with AT&T, MCI, iPass, Inc., and Concentric. Comdisco is introducing the services as more companies look to VPN for its flexibility, but require a fully managed solution. The market for VPN services is expected to grow from about $2 billion this year to about $17.6 billion in 2004, according to IDC. By |everaging the Internet, VPN gives customers global connectivity without the costs of a private network. Customers can also add locations and users easily and can integrateVPN with an existing private network. "Companies need innovative yet cost-effective WAN solutions to link offices and users--VPN fits the need perfectly," said Steve Allen, vice president of product development at Comdisco Network Services. "Our fully managed VPN solutions give customers the resources and expertise they need to implement and manage an effective VPN solution." As part of its services, Comdisco helps customers evaluate their network requirements and whether or where VPN fits in. Based on that evaluation, Comdisco creates a detailed network design, which satisfies the customer's seeurity, performance and cost requirements. Comdisco then manages implementation, including installation, configuration and testing of equipment, and provides security and network management over the long term through its Remote Network Operations Center. About Comdisco Comdisco (www.comdisco.com) provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, (IL) company offers a complete suite of information technology services including business continuity, Web-Availability(SM), network, and IT Control and Predictability Solutions(SM). Comdisco also offers equipment solutions to key vertical industries, including electronics, telecommunications, pharmaceutical, biotechnology and manufacturing. Through its Ventures division, Comdisco is providing equipment leasing and other financing and services to venture capital backed start-up companies. Through its subsidiary, Prism Communication Services Inc., Comdisco is developing a high-speed, always-on digital network, which will provide customers with leading-edge connectivity. The company's revenue for the 12 months ended June 30, 2000 was $3.8 billion. CONTACT: Comdisco Rich Maganini, 847/518-5438 ramagani@comdisco.com
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