eLease Closes a Missing Link in eCommerce With Solution to Add Leasing to Any Web Site.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--July 21, 2000 eLease(TM), the developer of the capital equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
LPA Apolipoprotein (A) LPA Local Planning Authority LPA Locally Preferred Alternative LPA Local Planning Agency LPA Link Pack Area LPA Left Pulmonary Artery LPA Law of Property Act ) solutions, today announced AccessPoint(TM), a hosted leasing solution that allows companies and financial institutions to offer complete leasing services via the Internet. AccessPoint can be added immediately to any company's Web site and integrated with any online procurement chain. AccessPoint automates the lease process including lease application, credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. , credit decisioning, document management, lease tracking, and notification of funding, purchase orders and equipment status. "In today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. world, if you're selling capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods online, you have to offer a leasing solution," said Ivan Wolkind, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of eLease. "When 8 out of 10 businesses lease their equipment instead of buying it, not offering the option to lease is like walking away from 80 percent of your customers. With AccessPoint, anyone can quickly and painlessly offer a total online leasing solution, acquire an entirely new sales and marketing channel, extend their brand online and provide better service to their customers." AccessPoint AccessPoint allows companies to provide their customers with a complete online leasing experience. Using AccessPoint's QuickQuote(TM) feature, lessees can instantly evaluate multiple leases with different lease terms, end of term options, rate factors, documentation requirements and more. They can then submit lease papers and other supporting documentation including company financial statements, tax returns and bank and trade information. Lessees will be able to sign those documents online using Digital Handshake handshake - handshaking (TM) from Ilumin(TM), because AccessPoint is built and deployed via eLease Platform(TM). With Digital Handshake, multiple parties can interact in a virtual room to complete a transaction quickly, legally and confidentially. Participants' identities are verified in advance and they can collaborate, edit, chat and, if necessary, apply multiple-party signatures in various places. Data is automated so that common field entries only need to be entered once. In place of reams of paper to be stored in drawers, documents are digitally indexed and archived, available for instant retrieval, viewing and auditing. Once the leases and lease terms have been chosen, AccessPoint's online credit scoring and decisioning provide the lessee One who rents real property or Personal Property from another. A lessee of land is a tenant. Cross-references Landlord and Tenant. lessee n. the person renting property under a written lease from the owner (lessor). with immediate feedback on all financial decisions. AccessPoint's StatusTrack(TM) feature allows customers to track the lease process, add equipment lists to lease lines and submit documentation electronically. AccessPoint is easy to use because data is entered only once and then automatically distributed throughout the system as needed as needed prn. See prn order. . For Vendors and Lessors AccessPoint allows any company to add leasing functionality to a Web site. Provided as a hosted, outsourced solution, it is cost-effective, can be quickly implemented, is scalable, and offers protection against future technology obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. . Using the flexibility of the eLease Platform(TM), AccessPoint can be configured to work seamlessly with SalesPoint, a leasing solution for companies with a sales force, or InOffice, a back office lease workflow automation See workflow. solution. AccessPoint's browser-to-browser and XML-based open interfaces ensure tight data integration with any Web site architecture. Standardized interfaces support customer, lease, equipment and even lease line balance information. For companies that require a single interface throughout a Web site, AccessPoint can be implemented as a private-label solution. Funding Funding for leases transacted through AccessPoint can be provided by the vendor or lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. , eLease Funding Network(TM), preferred partners, or any combination thereof. Vendors can use AccessPoint to increase their customer approval rates by partnering with lessors that have different risk and credit approval requirements. Similarly, lessors can use AccessPoint on their own Web site, or lessors can offer AccessPoint to their own vendors as a powerful vendor program benefit. AccessPoint can be configured to receive credit information from any of the major credit bureaus and apply your own unique decisioning criteria to each lease application. About eLease eLease provides lease process automation solutions for every constituent in the leasing process including financial institutions, capital equipment vendors, and businesses that need to either offer or acquire leases. Utilizing eLease Platform(TM), eLease develops and delivers Web-based leasing solutions that add leasing functionality to any Web site, lease sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. solutions, configurable workflow solutions for back office lease processing and a business-to-business marketplace for acquiring capital equipment leases and lease lines. eLease is based in Sunnyvale, CA. Additional information can be found at the company's Web site www.elease.com. |
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