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.... read more

July/August 2010

Changes to the lessor accounting rules are imminent, although their full extent is not yet known. What is certain, however, indicates that lessors will have to adjust their operations, processes and reporting to one degree or another. Shawn Halladay asks: “Will you be ready?”... read more

June 2010

This edition of Dispatches From the Trenches analyses some of the statutory framework of the Uniform Commercial Code, which provides some comfort to funders willing to go blind … that is, don’t receive executed notices and Acknowledgments.... read more

June 2010

Andrew Alper returns to discuss a recent case in which the Minnesota court drew from Article 9 commercial reasonable standards to justify its ruling in an Article 2A lease transaction when such requirements do not exist in Article 2A … not good news for lessors that don’t comply with Article 9 disposition agreements.... read more

June 2010

As the old saying goes, be careful what you wish for. Asset managers may be gaining a new appreciation for the meaning of the phrase as they try to determine how best to handle an improving business climate — a climate that presents a new set of challenges that must be effectively handled with new strategies or tools.... read more

June 2010

Mystery writer Dexter Van Dango returns to the pages of the Monitor … this time reporting rumblings, rumors and other rhetoric from the front line. After all, everyone needs a little relief from the day-to-day business of booking deals and managing portfolio and credit risk now and then…... read more

June 2010

For Michael Fanger, founder and president of Eastern Funding, LLC, the success of his commercial finance company during the past 13 years is as much a result of the relationships he has built during his career as it is hard work and smart lending.... read more

June 2010

For equipment industry veteran Bill Fite, the decision to join Regions Equipment Finance Co. (REFCO), a wholly owned subsidiary of Regions Bank, in February as EVP and head of the unit was an easy one. With a 16-state footprint, and a leadership and mission that Fite was drawn to, he now leads a unit poised to work more in tandem with its parent to not only increase market share but also to offer expanded services to its customers.... read more

June 2010

Juergen Rochert has a clear sense of purpose and, as he puts it, he and his team at Daimler Truck Financial are “there in the tough times” doing what’s right by the dealers and customers his team serves. Rochert’s career has spanned nearly three decades and covered two continents in a variety of positions, and he recently took his place as a member of the executive leadership team... read more

June 2010

Paul Menzel, CEO of Financial Pacific Leasing, is no stranger to tough times. But with strict adherence to pricing for risk and solid funding relationships, Menzel sees Financial Pacific poised to take advantage of promising growth opportunities both today and tomorrow.... read more

June 2010

As forensic accountants work to piece together what’s left of the company, and fleet lessors comb the country for missing trucks, the three executives blamed for orchestrating the multi-million factoring fraud that brought Tulsa-based transportation firm Arrow Trucking Co. to its knees are busy pointing fingers at each other. Using court records, press reports and the statements of those involved, the Monitor attempts to untangle the convoluted mess that was Arrow Trucking. ... read more

May/June 2010

Many lessors have sighed in relief as the Graves Amendment generally appears to have addressed various state laws, which previously held lessors of motor vehicles strictly liable for damage caused by their lessees. However, the recent case of U.S. v. Saporito, reminds us that strict liability laws are still out there.... read more

May/June 2010

With strong headwinds encompassing a poor economy, weak demand and tighter credit standards, 2009 turned out to be a challenging year for most vendor leasing companies. ... read more

May/June 2010

The case In re Taylor illustrates that the determination that the transfer of the security interest should be avoided is only the first step in granting relief to the estate, and formulating the proper remedy for the estate is more complicated than it would appear both practically and legally.... read more

May/June 2010

Do you lay in bed at night worrying about your bills? Are you barely meeting your monthly volume goal? Salespeople who continually prospect have less anxiety than the average salesperson. They also keep a steady stream of business coming in the door. While all sales reps know that they have to prospect, many do everything they can to avoid it.... read more

May/June 2010