National Leasing, LeaseTeam Complete Rapid Turnaround

After CWB Financial Group’s portfolio acquisition from ECN Capital, National Leasing, a subsidiary, connected with LeaseTeam to license technology that would allow it to service its share of the portfolio without disruption. Canadian equipment finance company National Leasing knew it needed an innovative solution to accommodate the new business. As a technology partner in the equipment finance industry, LeaseTeam knew it could help National Leasing accomplish the feat in a timely manner.

In a two-month span, LeaseTeam created database copies, while scrubbing out unneeded data along the way; developed custom features tailored to National Leasing’s business flow; performed database conversion and reconciliation and provided onsite user training. Initial discussions began December 1, 2017, with the first test conversion taking place mid-January. Together, LeaseTeam and National Leasing worked together to meet the target go-live conversion date of February 1, 2018.

“As with most great business opportunities, it came with great challenges,” said Michael Dubowec, president and CEO of National Leasing. “LeaseTeam stepped up to the plate to help us determine and implement effective solutions to ensure we were ready to take on this new business within our tight timeframe.”

Randy Haug, co-founder and executive vice president of LeaseTeam, was pleased with the outcome of the collaborative effort as well.

“We joined forces with National Leasing to provide a custom solution to the challenge at hand in a short period of time,” Haug said. “This success story is a testament to the power of a strong partnership founded on innovation, efficiency and trust.”

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