“We have responded with this formal launch in China. While some lessors in China have already registered over the last few years using the English version of the Global Lessor Network, we expect registrations to grow much more quickly because lessors can now register in Chinese. Also, all of our marketing and communications activities in China are now carried out in Chinese.”

“Our lessee and vendor captive clients are international manufacturers with operations in China, like Cummins, Eaton, NetApp, ATI, and Boart Longyear. Our clients use the Global Lessor Network to find lessors and send them leasing opportunities that match the lessors’ interests and capabilities – everything from forklifts to cars, trucks, and IT equipment,” says Doug Slais, VP Client Services.

“Registration is free for leasing companies at: www.lessornetwork.com/cn . In addition to China, our clients have leased equipment in over 50 countries and they continue to expand into new countries. So, all lessors are welcome to register and tell our clients about the kind of transactions that interest them.”

About Ecologic Leasing Services:
Ecologic Leasing Services offers outsourcing and software services to vendor captives and corporate lessees that need to finance equipment competitively around the world. Ecologic currently supports lease transactions in 44 countries. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources wherever they operate around the world.

Using The Global Lessor Network, Ecologic enables vendor captives and lessees to find the best match lessor for each transaction in each country. For each client, Ecologic deploys, customizes, and integrates its unique web-based leasing and asset management software services, LeaseAccelerator. Founded in 2000, Ecologic is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

Ecologic can be found on the Web at http://www.ecologicleasing.com . Lessors can join The Global Lessor Network and see transaction opportunities that match their interests and geography at http://www.lessornetwork.com .

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News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“Ecologic Leasing Services has dedicated two seasoned veterans to help develop and administer the global vendor financing program recently launched with mineral exploration drilling equipment maker Boart Longyear. David Bromage and Rod Suhan have respectively led and managed several vendor captive leasing programs over their careers,” stated Michael Keeler, CEO, Ecologic Leasing Services. “They will bring to Boart Longyear Financial Services the expertise needed to arrange and execute drilling equipment financing deals for Boart Longyear’s customers worldwide.”

Mr. Bromage, MBA, was appointed Vice President, Sales & Business Development. Prior to joining Ecologic, Mr. Bromage held a variety of senior leadership roles in the international equipment financing industry in the USA and Europe, including with Life Technologies, Nortel, Mitel Networks, CIT Group, ING Lease, and First Asset Finance. Mr. Bromage started his financial services career as an Auditor with Ernst & Young in London and has an MBA from Georgetown University.

Mr. Suhan, CPA, was appointed Vice President, Operations. Prior to joining Ecologic, Mr. Suhan held various senior management roles in the equipment leasing & financing industry in the USA, including with Philips Medical Systems, GE Capital, Heller Financial, Sanwa Business Credit, and Continental Illinois Leasing. Mr. Suhan started his financial services career as an Auditor with KPMG Peat Marwick in Detroit and has an MBA from the University of Wisconsin.

About Ecologic Leasing Services:
Ecologic Leasing Services offers outsourcing and software services to vendor captives and corporate lessees that need to finance equipment competitively around the world. Ecologic currently supports lease transactions in 44 countries. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources wherever they operate around the world.

Using The Global Lessor Network, Ecologic enables vendor captives and lessees to find the best match lessor for each transaction in each country. For each client, Ecologic deploys, customizes, and integrates its unique web-based leasing and asset management software services, LeaseAccelerator. Founded in 2000, Ecologic is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

Ecologic can be found on the Web at http://www.ecologicleasing.com . Lessors can join The Global Lessor Network and see transaction opportunities that match their interests and geography at http://www.globallessornetwork.com .

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“Over the last year, Cummins has saved more than $2.7 Million by funding more than $41 Million in equipment leases through The Global Lessor Network, including forklifts, networking gear, computer servers, furniture and fixtures, audio-visual, and heavy equipment,” says Richard Harris, Chief Investment Officer. “We have discovered several new leasing partners and the transaction process has created additional efficiencies for Cummins. It’s a win-win.”

“The Global Lessor Network 2.0 has a much more robust lessor profile, enabling new lessors to register and making it much easier for existing lessors to refine and manage their profiles,” said Michael Keeler, CEO, Ecologic Leasing Services. “Now lessors will only see those leasing transactions that match their interests and geography, thanks to our intelligent matching technology. So, if you want to see transactions for CT Scanners with investment grade U.S.-based credits in California, that’s what you will get. If you want to see construction equipment in India and China or mining equipment in Australia, Chile and Canada, that’s what you will get.”

Doug Slais, VP of Client Services, explained, “Our job is to help qualified lessors to pursue and win transactions they otherwise would not see. Any lessor in any country around the world can apply to join The Global Lessor Network 2.0 at www.lessornetwork.com and applying and registering are free – no cost to lessors. Lessors like it because they receive transaction opportunities with all of the information that they need to win new business at their fingertips, while greatly reducing their origination costs. Our lessee and vendor captive clients value the service because they can find lessors that exactly match their needs in any country where they do business, which saves them time and money.”

About Ecologic Leasing Services:
Ecologic Leasing Services offers outsourcing and software services to vendor captives and corporate lessees that need to finance equipment competitively around the world. Ecologic currently supports lease transactions in 44 countries. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources wherever they operate around the world. Using The Global Lessor Network, Ecologic enables vendor captives and lessees to find the best match lessor for each transaction in each country. For each client, Ecologic deploys, customizes, and integrates its unique web-based leasing and asset management software services, LeaseAccelerator. Founded in 2000, Ecologic is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

Ecologic can be found on the Web at www.ecologicleasing.com. Lessors can join The Global Lessor Network and see transaction opportunities that match their interests and geography at www.lessornetwork.com.

- RSS news feed for Ecologic Leasing Services:
http://send2pressnewswire.com/author/ecologic-leasing-services/feed .

Keywords: cummins, global lessor network, equipment leasing opportunities, outsourcing and software services to vendor captives and corporate lessees .

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“Our customers will have access to Boart Longyear drilling technologies through versatile financing options. We partnered with Ecologic because they have the experience and network to bring competitive financing solutions to our customers. This new tool will give many customers the option to finance drilling equipment, as opposed to an outright purchase, resulting in better working capital options to further growth,” said Boart Longyear Vice President of Products, Alan Sides.

Michael Keeler, CEO, Ecologic Leasing Services explained, “We have established a dedicated financing sales team to customize financing offers for each of Boart Longyear’s drilling platforms to meet the needs of qualified customers. Our operations team will perform a detailed, independent, and objective credit analysis for each customer, source the capital by completing the transaction in the relevant country through the Global Lessor Network, and make the documentation process fast and simple.”

Boart Longyear Financial Services’ financing offerings are now available to customers in the USA and Canada. In the coming months, the service will also become available in Australia and Chile, and continued global expansion will continue through 2012.

About Ecologic Leasing Services:
Ecologic Leasing Services offers outsourcing and software services to vendor captives and corporate lessees that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources wherever they operate around the world.

Using their Global Lessor Network, the Company enables vendor captives and lessees to find the best match lessor for each transaction in each country. For each client, Ecologic deploys, customizes, and integrates its unique web-based leasing and asset management software services, LeaseAccelerator. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

The company can be found on the Web at www.ecologicleasing.com. Lessors can join the Global Lessor Network and bid on transactions that match their interests and geography at http://www.lessornetwork.com .

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http://send2pressnewswire.com/author/ecologic-leasing-services/feed .

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

The official title is “How to Prepare Now for the Coming Lease Accounting Changes. Companies Will Need 12-24 Months to Create and Implement Processes and Systems To Comply with the New Standard. Companies Can Capture Significant Savings as an Added Benefit of the Comprehensive Compliance Process.”

“Remember Year 2000 and Sarbanes-Oxley compliance? It feels like 1998 and 2002 all over again – when the corporate finance community last faced the threat of imminent deadlines. The ambiguity, pressure, impedance, and anxiety that we experienced then have all come roaring back. This time it’s the deadline for complying with the new IFRS lease accounting standard changes that looms ahead of us,” states Michael Keeler, Ecologic’s CEO and principal author of the whitepaper.

“We researched and wrote the whitepaper over the last 5 months for two reasons. Our lessee clients have been asking us to help them understand the lease accounting changes and how they can prepare. They also want us to keep them abreast of the FASB/IASB’s discussions in an efficient way. This is our response to them,” explains Keeler. “We are also responding to the growing anxiety in the market – not just among the Fortune 1000 lessees and non-profit hospital systems that we serve, but also among lessors. Many lessors have expressed their fear and uncertainty about what might happen when the standards take effect. How will companies respond? This is what lessors are thinking about every day.”

Angela Sabella, Ecologic’s CFO, explains, “Our team decided to take on the fear directly and provide timely, actionable information to the leasing community. The whitepaper explains in detail the potential issues facing equipment lessees under the new lease accounting standards and presents a comprehensive 9-step plan for implementing a transition project and improving the financial performance of your lease portfolio in the process. Lessees can take immediate action with this document. If you have not done anything yet to prepare, this will help you get back on track. If you are already working on it, this will help you sharpen your strategy and tactics.”

Sabella adds, “Lessors can share the link with their lessees, encourage them to download and read the whitepaper and updates, answer any technical questions that emerge, and engage lessees in a substantive discussion about how they can help them through the transition.”

As a supplement, Ecologic will also send regular updates of the FASB/IASB’s deliberations and decisions along with their commentary to anyone who downloads the whitepaper.

“If there is anything that we learned from our Y2K and SOX compliance experiences it is this: a well-informed implementation plan reduces fear, risk, and cost. Changes like this don’t have to be scary,” Keeler assures. “Just read the whitepaper.”

More Information: http://www.lesseeadvocate.com and http://www.ecologicleasing.com .

About Ecologic Lessee Services:
Ecologic offers software services and outsourcing services to lessees that need to finance equipment around the world. Large corporate and non-profit lessees deploy Ecologic’s software and outsourcing services to save 10-25% on their equipment lease portfolio annually. The Company currently supports lease transactions in 44 countries. Founded in 2000, the Company is headquartered in Northern Virginia and has offices around the U.S. and in Montreal, QC.

About The Lessee Advocate:
The Lessee Advocate is a research firm publishing practical information for corporate executives who want to improve their financial performance by improving their leasing operations. Our focus is on the community of corporate equipment lessees. We publish interviews with Fortune 1000 executives, white papers, articles, case studies, benchmark data, and how-to information.

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News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“For the last 11 years, Ecologic has served both lessee clients and captive vendor lessor clients through one company, one management team, and one brand,” explains Michael J. Keeler, CEO. “By creating a distinct subsidiary for each line of business and reorganizing the management, we can sharpen our focus on each client base, listen to their unique needs, and create a more valuable, differentiated, and responsive offering.”

Keeler adds, “We will now deliver sales, marketing, and our outsourcing services and global capital sourcing services through each subsidiary. This will allow us to align the expertise of our experienced staff with the specific needs of each type of client. The move will also enable us to capitalize on our common infrastructure, especially the software and global lessor network, while we improve our positioning and messaging and clarify the value proposition for each type of client”.

Doug Slais, VP of Client Services for Ecologic Lessee Services and a long-time veteran of the equipment leasing industry, states, “The objective is to create more value by getting closer to our clients and organizing around their needs. This is a great step towards accomplishing this.”

More Information: http://www.ecologicleasing.com .

About Ecologic Leasing Services:
Ecologic offers software services and outsourcing services to lessees and vendor captives that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Large corporate and non-profit lessees deploy Ecologic’s software and outsourcing services to save 10-25% on their equipment lease portfolio annually. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources where ever they operate around the world. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“This release adds several unique capabilities to our software services that are valuable to lessees and vendor captives,” said Michael Keeler, CEO. “We have expanded our lease accounting capabilities for lessees so they can now generate debits and credits for capital leases down to the transaction level. This positions us to support the coming IFRS lease accounting changes quickly and easily, which has been a consistent request of our Fortune 500 clients.”

Keeler added, “For our vendor captive lessor clients, we have added a mail-back capability for automatic generation of indicative financing quotes (Term Sheets) based on an XML Price Quote sent to a dedicated e-mail address within LeaseAccelerator. These indicative Term Sheets are typically returned to the requestor via e-mail within 15 minutes of the original request. This enables the manufacturer’s sales force to generate a financing quote with every cash quote automatically, increasing lease penetration, new sales, and volume.”

Jonathan Crawford, Ecologic’s VP of Engineering, stated, “With 7.0, Ecologic introduces the concept of ‘Build-Your-Own Reporting’ (BYOR). Our approach to self-service report construction advances the state of the art by allowing users to design their own reusable reports, from criteria selection to content selection, including sort ordering and the ability to include a pivot table (aka ‘crosstab’) in user-designed reports. No other web-based equipment leasing software service sold today has this capability. This gives both lessees and vendor captives the ability to analyze and share their data and discover new ways to improve their financial performance.”

Ecologic’s software supports multiple funding models for vendor captives to make it easier for them to offer leasing wherever they operate around the world, including retail and private-label wholesale models, which involve third-party funders, and self-funded and hybrid models.

The Company highlighted several other unique features for vendor captives now available in version 7.0:

* LeaseAccelerator’s new credit workflow enhancements include support for credit requests that are specific to a single transaction as well as ad hoc requests for lessee credit. The improved credit approval process includes capture and tracking of requirements for recourse, parent guaranty, and other forms of credit support. Credit line management has been enhanced, with the ability to monitor and report on both credit utilization and funder performance.

* Ecologic has significantly improved the automated generation of contract documents. Dynamic template selection is now supported for all customer-facing documents, providing automatic selection of the appropriate contract documents based on a combination of lease type, language, country, funder and lessee.

More Information: http://www.ecologicleasing.com .

About Ecologic Leasing Services:
Ecologic offers software services and outsourcing services to lessees and vendor captives that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Large corporate and non-profit lessees deploy Ecologic’s software and outsourcing services to save 10-25 percent on their equipment lease portfolio annually. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources where ever they operate around the world. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

“With the conversion completed, Ecologic’s clients are now able to take advantage of Captara’s lessor marketplace functionality. It enables busy treasury and procurement professionals to compete lease transactions by simply creating an RFP and sending it to over 200 lessors. They can then quickly and easily analyze the lease proposals on an apples-to-apples basis and make the best financial decisions for their company,” said Michael Keeler, CEO of Ecologic. “Captara’s capabilities are a strong addition to Ecologic’s existing lease process and portfolio management software services, which are used to manage the acquisition-to-disposition cycle of leased assets, including reconciling and tracking financial information at the asset level. Our combined capabilities now generate 10-25% savings on original cost and reduce the lease turn-around time up to 85%. That is huge savings for our Fortune 500 clients who typically lease $15 Million or more of equipment annually.”

Ecologic also published a movie that explains the savings, including some quantitative client testimonials at the end: impactmovie.com/ecologic_leasing .

“Over the past 14 months, the Ecologic engineering team has listened to our clients and ported the most valuable Captara features to LeaseAccelerator 5.0. We are proud to announce that we have completed the project and, in the process, significantly enhanced the usability and flexibility of the Captara capabilities,” said Jonathan Crawford, VP of Engineering. “For example, Captara only allowed one asset type per transaction, while Ecologic’s software allows multiple asset types within a single RFP or lease schedule. This significantly increases the value and utility of the Lease vs. Buy and FAS 13 analysis tools. It also improves portfolio management for all corporate stakeholders.”

“Our services now define the standard of best practices for large corporate lessees,” said Angela Sabella, CFO. “Captara’s technology complements Ecologic’s ongoing mission to simplify and take the costs out of the equipment leasing process for large companies, as well as provide process improvements and reporting compliance. All of the former Captara clients have been fully trained and transitioned to the integrated platform with no interruption in service.”

About Ecologic Leasing Services

Ecologic provides a comprehensive suite of services for the reporting, control, and management of all corporate leases and assets, delivering visibility, scalability, compliance, rapid payback, and sound financial decision-making to corporate lessees. Fortune 500 companies deploy Ecologic’s software and outsourcing services to save 10-25% on their equipment lease portfolio, reduce lease turn-around time by up to 85% and scale to meet their financial performance objectives while ensuring audit compliance. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal and San Francisco.

For more information, visit: www.ecologicleasing.com .

News Source: Ecologic Leasing Solutions :: This press release was issued by Send2Press® and is Copyright © 2008 Neotrope® News Network – all rights reserved.

“Captara software enables users to easily plan and manage their corporate equipment lease portfolio. We were most interested in their lessor marketplace functionality that allows busy treasury and procurement professionals to compete lease transactions by simply creating an RFP and sending it to over 200 lessors. They can then quickly and easily analyze the lease proposals on an apples-to-apples basis and make the best financial decisions for their company,” said Michael Keeler, CEO of Ecologic.

“This capability reduces the time it takes to complete lease transactions from three months to three weeks and typically generates 5-8% savings on original cost because of the degree of competition. That is a huge, proven, recurring savings for our Fortune 500 clients who typically lease $15 million or more of equipment annually. That’s why we bought the company.”

Both companies provide web-based software and outsourcing services for managing the equipment leasing process throughout the lifecycle of leases, assets, and lender relationships. Financial terms of the deal were not disclosed.

“Captara’s technology complements Ecologic’s ongoing mission to simplify and eliminate the hidden and excessive costs of the equipment leasing process for large companies,” said Angela Sabella, CFO. “Captara is an innovator in the field of lease management, and we’re excited that the Captara team has joined Ecologic.”

Captara was founded in January 1999 as PureMarkets Corporation. In August 2004, PureMarkets changed its name to Captara as it transitioned from serving as an on-line portal for equipment lease transactions to serving large corporations in their leasing portfolio management. Ecologic gained control of Captara in a financial transaction that was completed on June 1, 2007. However, Ecologic did not move to fully integrate Captara and announce the acquisition until the recent settlement of ongoing trademark litigation against Captara. Captara’s clients and staff were fully integrated into Ecologic’s operations in December 2007. The software services integration is expected to be completed on schedule in Q3. Captara clients should not experience any interruption in service.

About Ecologic Leasing Solutions
Ecologic provides a comprehensive suite of services for the reporting, control, and management of all corporate leases and assets delivering visibility, scalability, compliance, rapid payback, and sound financial decision-making to lessees. Fortune 500 companies deploy Ecologic’s software and outsourcing services to save 5-20% on their equipment lease portfolio, reduce lease turn-around time by up to 85% and scale to meet their financial performance objectives while ensuring audit compliance. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal and San Francisco.

For more information, visit: www.ecologicleasing.com .

News Source: Ecologic Leasing Solutions :: This press release was issued by Send2Press® and is Copyright © 2008 Neotrope® News Network – all rights reserved.