I'll explain what to expect from that perspective, and how well protected you really are.
Baltimore, MD (PRWEB) February 19, 2008
Amelia Island, Florida, will soon be the basic training grounds for equipment Lessors and finance sources ready, willing and able to learn how to apply e-contracting technology to their business. The educational session, "E-Contracting Boot Camp", delivered by Samantha Moritz, Director of Sales at eOriginal, Inc., Madison Capital, LLC's Nancy Pistorio and leasing industry attorney Tony Lamm, will show "recruits" what they need to know in order to offer customers and internal constituents the significant advantages of reviewing, signing, and managing deals completely electronically.
No push-ups are required, but attendees will get their business processes in shape as they learn how to add electronic signatures and electronic vaulting to their current offering. Both are required to successfully implement a fully paperless process.
The session will demonstrate how this on demand technology enables equipment finance companies and their funding sources to gain an immediate competitive advantage by taking deals off the street almost immediately with loans approved and funded within in hours rather than days or weeks. They'll also learn how to gain measurable ROI with higher margins, improved efficiencies of up to 30% or more, and the ability to handle increased transaction volume without adding resources.
"Our 'E-Contracting Boot Camp' demonstrates step-by-step the process of creating, signing and managing a completely electronic lease transaction," explained Samantha Moritz. "Attendees will also learn exactly what an e-contract is, and is not, and how it improves their business almost immediately."
Tony Lamm will be addressing the legal issues and questions regarding enforceability and negotiability of e-contracts. "Most Lessors want to know not just if these electronic contracts are legally compliant, but how judges, especially in counties where electronic contracts have never been used, will view the viability of evidence submitted that was never originally paper," said Tony Lamm. "I'll explain what to expect from that perspective, and how well protected you really are."
There are many business benefits to adding an e-contracting solution to the equipment financing process, but perhaps the most important one is customer satisfaction. Customers of finance sources who have used the eOriginal solution love it. "Our customers couldn't believe how easy and fast the process was," said Nancy Pistorio, Executive VP of Madison Capital. "They were happy to have their loan process expedited and get their equipment faster. The vendors and brokers love it too, because they get paid so much quicker. E-signatures eliminate a lot of the time consuming logistics previously associated with obtaining client signatures. This is particularly so in cases where multiple parties' signatures are required. It's a win-win for everyone."
The one hour E-Contracting Boot Camp training session is scheduled during a breakfast meeting at the annual EAEL Spring Conference held at the Ritz Carleton Amelia Island resort in Florida, April 6th through the 8th. For those unable to attend the conference, E-Contracting Boot Camp is offered online as a webinar on a regular basis, and as an individual presentation upon request. For additional information, to register for a webinar, or to request a presentation, visit http://www.eoriginal.com.
eOriginal Inc.'s advanced electronic vaulting solutions enable lenders and investors to eliminate paper while legally protecting their assets as electronic contract documents are managed and transitioned throughout their lifecycle. eOriginal eCore® technology and processes create legally compliant electronic contracts that are tamper-evident, legally enforceable, admissible and negotiable. eOriginal® technology has managed approximately 500,000 electronic contracts representing over $10 Billion in originations, with over $2 Billion pooled and securitized. For more information about how to turn our experience into your advantage, visit http://www.eoriginal.com or call us at 410-895-7699.
Michelle Boucher, Director of Marketing