Bank Ranking & Technology 2008
Improving the efficiency and effectiveness of IT poses a significant challenge to any organization, but the benefits justify the necessary investment of time, effort and money. When all is said and done, restructuring IT can turn it from an expensive necessity to a powerful competitive tool.
Ongoing pressure to cut costs is forcing many companies to delay or downgrade IT strategies. However, increased competition has lessors debating the value of new lease management systems. How can lessors find the right option for them? Shawn Halladay examines the pros and cons.
Without question, we live in times best characterized as rapidly changing — it could be said we live in an age of velocity. And, as most in our industry would acknowledge, the leasing world is no exception to this dynamic. It might not be surprising, therefore, that in the spring of 2007, a group of seasoned information technology (IT) leasing professionals announced the formation of a de novo independent leasing company named Velocity Financial Group.
Even though energy efficient technology is on the tongues of many, from local governments to this year’s presidential contenders, it can still be a hard sell. Many companies continue to delay their energy improvements because they feel they do not have the funds to upgrade. But there is help…Neil Zobler explains.
Can changing one aspect of your business increase profits while decreasing the time it takes you to get a deal funded? Yes it can. Garry Egan explains how one transition can change the way you run your broker business.
Bankruptcy Court Refuses to Allow Creditor a Nondischargeable Claim Despite Fraudulent Financial Statement
In this edition of Legal Watch, Andrew Alper reminds us that there are always lessons to be learned from adverse court decisions. Lessons include the necessity for lenders and lessors in making sure their lending and leasing guidelines make sense and the importance of digging deeper into credit information received from a borrower or lessee.
This month, Ken Weinberg contemplates UCC provisions, which protect a lessee when it sells equipment leased pursuant to almost every type of lease under the sun as well as equipment finance agreements and loans secured by equipment.