Equipment Leasing News: First American Equipment Finance, ICON Capital Receive ELFA’s Operations & Technology Award

Equipment Leasing News: First American Equipment Finance, ICON Capital Receive ELFA’s Operations & Technology Award

 

VANCOUVER, BC (July 14, 2011) Dominion Lending Centres Clearlease Reports the Equipment Leasing and Finance Association announced July 14, 2011 that its 2011 Operations & Technology Excellence Award will go to two companies: First American Equipment Finance and ICON Capital Corp. The winners were selected by a subcommittee of ELFA members and will be showcased during ELFA’s 50th Annual Convention, Oct. 23-25 in San Antonio, Texas.

“Both ICON Capital Corp. and First American Equipment Finance used creative applications of technology to increase operational efficiency and capacity, enhance customer relations and enable business growth,” said Deborah Reuben, product manager, HCL CapitalStream, and subcommittee chair for the award. “The accomplishments of both winners are excellent examples of the spirit of ELFA’s Operations & Technology Excellence Award.”

“ELFA is pleased to showcase innovative uses of technology in the equipment finance industry,” said William Sutton, ELFA president and CEO. “The best practices demonstrated by First American Equipment Finance and ICON serve as a model on the effective use of technology in our industry, and further demonstrate how ELFA members are ‘Equipping Business for Success.’”

First American Equipment Finance was recognized for its innovative use of video. First American’s video initiative includes video-based communications with customers, as well as peer-to-peer video collaboration and learning. Specifically, First American launched its own form of You Tube, called “Cube Tube,” a digital signage system with ever-changing digital billboards, an external videoconferencing system, desk-to-desk videoconferencing, and video-rich content on its website.

ICON Capital Corp. was recognized for applying technology to automate complex financing processes. ICON selected LeaseWave, the portfolio management system from Odessa Technologies, with the intent of increasing the operational efficiencies of the company. Through extensive collaboration between Odessa and various ICON departments, LeaseWave was configured and customized to develop a single automated solution that manages all of the administration and accounting processes previously requiring multiple systems, excel spreadsheets and manual workarounds. ICON’s investment in its core infrastructure has resulted in a more efficient and technologically advanced company ready to continue its growth in the alternative investment space.

The Operations & Technology Excellence Award identifies and recognizes equipment leasing and finance companies that have demonstrated best practices in developing and implementing innovative uses of technology or creative business processes to improve operations, enhance customer interactions, enter new markets and build overall ROI. The program brings the backroom to the foreground, spotlighting the best in the industry as an example for others.

Previous Operations & Technology Excellence Award winners include:

2010: Winthrop Resources Corporation
2009: Key Equipment Finance, PHH Arval
2008: Orion First Financial LLC, Trinity Industries Leasing Co.
2007: TCF Equipment Finance, California First National Bancorp, and Xerox Capital Services
2006: Farm Credit Leasing
2005: Sytx Capital, Relational LLC
2004: Cisco Systems Capital Corporation
2003: AgStar Financial Services, National Leasing Group
2002: ABB Financial Services, IBM Global Financing, Caterpillar Financial Services Corporation

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $521 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2011, ELFA is celebrating 50 years of equipping business for success

Some of the Business Equipment Dominion Lending Centres Clearlease Finance include:

Office Fitout, Office Furniture, Oxygen Machines, PABX, Photocopiers, Plasma & Display Screens, Point of Sales POS, Printers, Retail Fitout, RFID Systems, Salon Equipment, Scanners, Security Systems, Shelving & Storage, Software, Telephone Systems, Trucks, Water Systems, Workstations, Air conditioning units, Audio Visual, Biometric Technologies, Boats, Buses, Cars, Catering Equipment, Compressors, Computers, Laptops & other IT, Display Stands, Earth moving equipment, Fax Machines, Forklifts, Gaming equipment, Generators, GPS Systems, Hospitality Fitout, Kiosks & Touch Screens, Massage Tables & Chairs, Medical & Dental, Mining Equipment, Office Equipment.

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About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon. Vancouver Commercial Lending,North Vancouver Commercial Lending,West Vancouver Commercial Lending,Surrey Commercial Lending,Richmond Commercial Lending,Delta Commercial Lending,Langley Commercial Lending,Coquitlam Commercial Lending,BC Commercial Lending,Private Commercial Lending

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Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
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