Article Archive — Technology
Technology Forecast: Clear Skies for Cloud Computing
How Software-as-a-Service Changes the Rules for System Selection
It might seem that the consequences of transitioning an accounting and portfolio management team from an in-house solution to one delivered as software-as-a-service are minimal. But a closer look reveals that making the leap to the cloud brings benefits to every level of the organization. NetSol Technologies’ Andrew Lea looks at a few key sections of the org chart to see how the SaaS model delivers not only a mission-critical business application, but a whole new way of managing the business.
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Reliability: How to Stop Your Business From Coming to a Standstill
Technology, for everything it brings us, can let us down. The more we rely on it, the more we are vulnerable to its occasional failings, and this is true for our lives both business and personal. But while components can fail, there is plenty that can be done to minimize business impact. CHP Consulting’s Richard Raistrick advises how businesses can set a gold standard for their commercial websites.
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Yesterday’s Solutions Have Become Today’s Problems
Costly Legacies
With too many competitors chasing too few deals, it seems obvious that leasing companies will be under increasing pressure to identify new markets and products and find more efficient ways of doing business in order to increase the bottom line. Today’s business climate demands that leasing companies operate in the most efficient manner possible. For many leasing companies, the reluctance to let go of legacy applications may no longer be an option.
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Technology and the Equipment Finance Industry
Turning Portfolio Data Into Information You Can Use
It is news to no one that the equipment finance industry is under a lot of pressure to change the way its practitioners have always done business. A latest perfect storm of increased regulatory oversight, economic tough times and accounting changes are making life interesting, to say the least. The good news is that the technology needed to address these changes is becoming available at just the right time.
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Business Process Management Solutions
Solving the Legacy Technology Modernization Challenge
Across a variety of industries where legacy platforms are prevalent and challenging to replace (including banking and insurance), companies are considering Business Process Management (BPM) solutions as an alternative to system replacement.
As equipment finance companies look to the future and consider alternatives to modernizing their legacy technologies, they may want to consider these in the mix.
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System Configurability Helps Equipment Finance Companies Adapt to Change
In today’s marketplace, adapting to change almost always requires system adaptation. Today’s most powerful systems can help equipment finance companies achieve the necessary flexibility more rapidly, and at much lower expense, through customer configurability.
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Technology in Tough Times: Using Web-Based Quoting to Enhance Customer Relationships
Enhancing the Customer Relationship
A key to getting a technological bang for your buck in tough times is to be both focused and creative — focus on specific high-value challenges, and creatively use existing mature technology to meet them. Management is unlikely to support massive long-term projects, however worthy, where the investment up front is high and the payoff is years out and uncertain. Here, we’ll look at one such high-value/relatively low-risk application — focused Web-based quoting.
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Top IT Business Challenges: Giving Your Customers a First-Class Experience
A historical view of the equipment finance market demonstrates a clear track record of companies that are always trying to catch up operationally to achieve that elusive goal of a first-class customer experience combined with first quartile efficiency metrics. Can it be done? The short answer is yes … but is the job ever done?
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Going Green: Tips for Financing Energy Efficient & Green Projects
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.
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Finding the Best Lease Management Systems for Your Business
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.
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Technology Strategies for Enabling Growth: Merging Efficiency with Alignment
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.
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Business Intelligence for Finance Company Executives
With the advent of a new generation of regulation, and pressure by ever-intensifying global competition, finance company executives are making greater demands of the information they receive from their line operations.
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Going Paperless: Madison Capital Transforms Operation in Less Than 30 Days
Have you been putting off going paperless because you think it will take too much time to implement into your business? Think again. Madison Capital discusses how the company went from “paper weighted” to paperless lease transactions in less than 30 days.
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Leveraging Technology to Gain Simplicity & Speed
While many of us still enjoy the inky stains that remain on our hands from a good read of the Sunday paper, cutting down on paper in favor of automation and electronic delivery can help foster a more intelligent enterprise that optimizes its business efforts. More importantly, online efficiency expedites business decision making and can actually fuel the economy by putting businesses in a position to respond more quickly to a market opportunity.
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Selecting the Right Technology Platform to Support Your Asset Finance Business
Customer demands, relentless competitive pressures and regulatory changes are forcing asset finance companies in North America and other markets to rethink, refine and ultimately transform their businesses. CHP Consulting’s Andrew Denton provides the keys to picking the right technological platform for your company.
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Digital Signature Technology: Realizing a Paperless Society
Moving Into the Canadian Landscape
For more than 30 years, businesses across North America have discussed the idea of the “paperless society,” and less than ten years ago, one of Canada’s most prestigious national magazines claimed it was “almost at hand.” Yet when we look at how close Canada has come to realizing this paperless society, it’s pretty clear that we are lagging behind our U.S. counterparts.
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A Services-Oriented Approach to Lease Management Software
Indeed, the reality is that no lease management system, however comprehensive, can ideally meet every last need of running a leasing business. In confronting this reality then, communication-ready applications are certainly worth considering. This is exactly what the Services Oriented Architecture approach to designing leasing software brings to the table.
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