The 2014 ELFA/IMN Investor Conference provided clear evidence that industry leaders are optimistic about this year’s forecast for investment growth. The consensus of those in attendance was the equipment finance sector will not only be a major contributor to the expansion, but will continue to evolve in ways that will keep investors interested.... read more
May/Jun 2014
Changing your thought process and definition of success can be simple, positive and fun – and inspire you to reboot your self-image. Linda P. Kester provides tips for conquering negativity and creating a new belief system.... read more
2014
Empowered by growing confidence in the economy and their own company performance, 94% of CFOs say they plan to pursue new growth strategies in 2014. But creating momentum doesn’t mean throwing caution to the wind.... read more
May/Jun 2014
Based on a fourth quarter 2013 survey conducted by the National Center for the Middle Market, GE Capital’s Eric Dusch tells us that investing is on the minds of CFOs, but they are worried that the economy and revenue growth may falter. But the greater danger, he says, may be delaying investment in the business and missing out on opportunities.... read more
May/June 2014
While he believes the direction the FASB is taking will be good news for the vendor leasing segment, Bill Bosco laments the IASB seems stuck in its views that all leases are the same, despite a majority of negative comments that are viewed as an “inconvenient truth.”... read more
May/June 2014
Lease management system ROI is not just about bottom-line cost reductions. A state-of-the-art leasing solution does more than lower costs; it also improves your team’s ability to win new deals and serve your customers.... read more
2014
In an exclusive Monitor interview, John Geist, president of Synovus Bank’s Equipment Finance Group, discusses what drew him out of retirement and back into the equipment finance arena.... read more
May/June 2014
CIT Equipment Finance’s Nicholas Small discusses how cloud technologies, while increasingly popular, are catching more than a few companies off guard as a result of unexpected costs. He explains why using traditional financing approaches will not work for cloud solutions, and advises companies to plan ahead and develop flexible financing in order to make the transition a smooth ride.... read more
May/June 2014
The intricacies of automobile financing are like a microcosm of the larger vendor finance world. So how do you distinguish the key players? Dexter Van Dango discusses the roles of captive finance companies, banks, independents and brokers and how each competes in the field.... read more
May/June 2014
The Monitor asked the heads of the leading vendor finance companies to reflect on what the environment was like to do business in 2013 and comment on what their expectations are – both positive and negative — as they look ahead. We thank Jeff Berg at De Lage Landen, Brian Madison at Key Equipment Finance, Paul Omohundro at Banc of America Leasing, Tim Reese at Wells Fargo Financial Leasing and Nicholas Small at CIT Vendor Finance. ... read more
May/June 2014
Weaving in the quirky personalities of Alice in Wonderland characters, Kenneth Weinberg discusses the nuances behind purchase money security interests and discerning the “what” and “when” arguments for filing within the applicable period.... read more
March/April 2014
The Monitor's resident lease accounting expert Bill Bosco brings us current on the first 2014 meeting of the FASB and IASB. Offering his commentary on key aspects of the deliberation, he notes that the boards are far apart on lessee accounting and certain lessor issues, but both agree that they should reduce the complexity and cost to comply wherever possible.... read more
March/April 2014
Drawing on her experience and the wisdom of other industry veterans, Linda Kester asks the question: What is the best use of your time, and are you being productive or merely active? In this article, Kester explores the underlying reasons why activity alone does not necessarily translate into productivity.... read more
March/April 2014
IT leasing veteran Rick Bueti offers frank advice to equipment lessors that claim to provide “custom, innovative, tailored solutions” — forgo marketing clichés and execute simple, honest customer service. ... read more
March/April 2014
In a Monitor exclusive, CSL Leasing's founder and chair Ken Steinback tells the story of the company's unassuming start and successful growth, first in the U.S., then around the world. As for working in the dynamic IT industry, he welcomes the constant changes because they result in more equipment purchases — and more financing.... read more
March/April 2014 2014