by Thu Drouet
article in which the question on how will the World Wide Web and
technology will affect the leasing industry.
"LeaseNOW 2000 is free to capital equipment vendors, franchisers, system integrators, and manufacturer's representatives who would like to use LeaseNOW,Inc. as their leasing company. LeaseNOW also offers an affiliation to lease brokers that will allow them to distribute LeaseNOW 2000, free of charge to their vendors. LeaseNOW does not require any payment for the software but there are minimum funding levels that must be achieved to be retained as an affiliate in good standing. LeaseNOW also requires that any transaction that is submitted and approved through LeaseNOW 2000 be funded by LeaseNOW, Inc. LeaseNOW will terminate a affiliate for violating this covenant of the agreement.
LeaseNOW, Inc. will assign a unique source code to each vendor or affiliate that identifies electronically submitted and approved applications and credits them to the proper parties. Users with Adobe 4.0 can also print to the .PDF file format and e-mail a completed set of documents to their customers. LeaseNOW documentation staff will also prepare and e-mail documents. The LeaseNOW 2000 documentation module is totally secure because it uses "images" that can only be viewed. The program automatically merges the information from the LeaseNOW 2000 interface. The completed documents can be previewed and then printed to a printer or .PDF format for distribution." We have also added a toll free number for the "dial up" connection and will still provide an internet connection through our server in the event that the user is away from their office but able to get to a phone line.
Software Manual and User's Guide for LeaseNow 2000.
Your list of leasing companies in trouble parallels the concerns on
the leasing industry's credibility with investors and funders that I
raised in an article in the latest Monitor.