OnePlace Capital, an equipment financing company servicing U.S. medical, dental and veterinary practitioners, has achieved a 30% increase in repeat business after implementing ASPIRETM v5. In addition, OnePlace capital has gained $12 million more in business annually by using the joint solution from LeaseTeam and eOriginal.

ASPIRE offers a seamless integration with eOriginal, extending post-signature digital transaction functionality with its eAsset Management Platform. OnePlace Capital’s successful portfolio conversion and migration to LeaseTeam’s ASPIRE v5 lease and loan management platform enabled the company to utilize dynamic signature blocks from eOriginal’s SmartSign Services. The new functionality allows eOriginal eSignature tags to be placed in a financial contract within ASPIRE that contains ASPIRE document tags, ultimately easing the document template setup process for OnePlace Capital.

“We were previously experiencing a 65% document sign rate running ASPIRE v4. Since migrating to ASPIRE v5 with eOriginal’s dynamic signature blocks, we continue to push toward a sign rate of 95%,” said Scott Stewart, president of OnePlace Capital. “We have an aggressive growth plan in place, including adding new team members, new products, and doubling our portfolio in the coming years. This functionality enables us to not only process transactions faster, but also grow our portfolio faster and with fewer people. Our team has greater efficiency and accuracy as a result of this joint solution.”

eOriginal’s SmartSign Services work in conjunction with the eAsset Management Platform for OnePlace Capital, which allows the business to manage and protect its financial eAsset documents throughout their lifecycle with compliant securitization within LeaseTeam’s ASPIRE.

“While the world is digitally transforming, the adoption of the equipment lease and finance industry has been fairly stagnant,” said Stephen Bisbee, president at eOriginal. “OnePlace Capital’s pioneering adoption exemplifies why it is essential for this industry to transform their existing, archaic paper-filled processes. The most successful companies of 2016 will not only be digitally-enabled, but will have a robust end-to-end fully digital solution that is equipped to securitize their financial assets and free their capital.”

“We’ve felt for a long time that the industry is excited about what digital signature capabilities can offer, but there is a level of hesitance to be the first company to apply it,” said Jeff Van Slyke, executive vice president at LeaseTeam. “OnePlace Capital is a successful study in how this proven technology can be implemented and really transform a business, and it will certainly be a springboard for widespread adoption of digital signatures in equipment finance.”