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eOriginal’s Platform Selected by Leading Equipment Lessor

September 19, 2014, 05:27 AM
Filed Under: Industry News

eOriginal, Inc. announced that a leading equipment leasing firm has selected eOriginal SmartSign® eSignature and eAsset™ Management Services to enhance its business processes, accelerate sales and improve the customer experience.

“eOriginal has long been a leader in bringing innovation to the equipment leasing industry,” said eOriginal President and CEO Stephen Bisbee. “We understand the competitive nature of the industry and the need to conduct business in a better and more efficient manner through the integration of technology.”

The equipment leasing and finance customer was in search of a quick-and-easy method for dealers to sign and complete equipment leasing agreements, which could then be seamlessly transferred to the company’s back-end systems. Now, just by eliminating errors and omissions, the eOriginal client will be able to achieve approximately 30 percent more efficient business processes by using SmartSign Web, while also allowing the company to more easily collateralize and securitize those assets post-closing through eAsset Management.

According to the Equipment Leasing and Finance Association (ELFA), U.S. businesses, nonprofits and government agencies invest over $1.28 trillion in capital goods and software. As $827 billion of that is financed through loans, leases and other financial arrangements, there are a corresponding number of highly valuable digital transactions being generated.

With this contract, the lessor joins more than 15 of its industry peers that have selected eOriginal to provide secure, legally compliant and enforceable management of their digital transactions.

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