TCF Selects Odessa to Automate End-of-Lease Processes
TCF Equipment Finance said it has selected Odessa Technologies to develop a custom solution to automate end-of-lease administration and remarketing processes.
“We are excited to work with Odessa in automating and enhancing our end-of-lease management activities including repossessions, end-of-term activities, workouts and remarketing,” says Robert Stark, senior vice president of TCFEF. “The ability to fully automate and integrate the end-of-lease process will provide improvements in processing efficiencies and data accuracy and realibility.”
“While it will be a part of the LeaseWave platform, we are designing this solution to be modular and data-source independent so that it can be plugged right into any infrastructure and can work with a multitude of legacy systems,” says Kate Majewski, associate vice president at Odessa. “We are also leveraging LeaseWave’s existing architecture and services, such as its extensible workflow layer. This will allow TCFEF to manage equipment coming off lease whether it be in the normal course of business or owing to the lessee’s deteriorating financial condition; users can readily configure the system to reflect their specific business processes and requirements.”
Odessa Technologies is a software company exclusively focused on the leasing industry and is a developer of the LeaseWave suite of products, a fully integrated browser-based lease and loan management solution, providing an end-to-end origination and portfolio management system for equipment leasing and finance, vehicle leasing and fleet management companies.
