Baltimore, MD (PRWEB) January 21, 2009
eOriginal, Inc. the Electronic Original Company®, today announced that Somerset Capital Group, Ltd., an equipment leasing company offering a wide range of asset based financing and asset management services, has chosen to implement eOriginal's web-based electronic signature solution to greatly reduce the time it takes to close sales and eliminate the expense and environmental impact of printing and delivering paper documents.
Removing the paper from the sales process is critical to Somerset Capital's ability to provide superior service to all involved, including their internal teams. Going "green" with eSignatures will allow customers to take delivery of their equipment days or weeks sooner than with their old paper-based process. For Somerset Capital's internal operations, electronic signatures are a great way to free resources and complete more transactions, in less time, and with significantly improved accuracy.
Said Samantha Moritz, eOriginal's Director of Sales: "Somerset's ability to provide their customers with the option to sign electronically will help them stand out, be seen as a progressive company, and offer something that is unique in the asset leasing industry. We have enabled our customers to double their close rates and eliminate costs from their expensive paper signature processes. If you are not using eOriginal's electronic signature solution, unfortunately you are missing a tremendous competitive advantage."
As an on-demand service, eOriginal's electronic signature service requires no investment in hardware or software. eOriginal's eSignatures are safe, secure and legally binding, providing full legal compliance and a secure audit trail.
With the eOriginal leasing solution, electronic transactions start and stay digital; the original lease documents are uploaded into Somerset Capital's secure portal, then the lessee receives an invitation to log in and sign electronically. Once complete, an email notification is sent to all the parties and the documents are processed by Somerset Capital. Somerset Capital Senior Vice President and Chief Information Officer, Andrew Cotter, recognized that the paper process was an inefficient, time-consuming process which encumbers Somerset's growth plans.
About eOriginal, Inc.
eOriginal, Inc.'s advanced electronic signature and vaulting solutions enable equipment leasing and finance companies to eliminate paper while legally protecting their assets as electronic contracts are managed and transitioned throughout their lifecycle. eOriginal solutions are compliant with ESIGN, UETA and UCC Revised Article 9-105. eOriginal technology has managed approximately 500,000 electronic contracts representing over $12 billion in originations, with over $2 billion pooled and securitized. For more information about how to turn eOriginal's experience into your advantage, including customer testimonials, call Samantha Moritz at 410-625-5147. Also see http://www.eoriginal.com.
About Somerset Capital, Ltd
Somerset Capital Group, Ltd., was established in 1984 and offers highly customized equipment leasing, asset based financing and asset management solutions through tailored operating lease, capital lease and purchase-leaseback plans. Somerset's experience and financial strength provide expertise in structuring competitively priced global transactions ranging from $25,000 to more than $25 million. Somerset Captial Group, Ltd. enables business growth by structuring innovative equipment financing strategies for a wide range of high tech and capital equipment with each transaction tailored to the specific and evolving requirements through flexible, cost-effective leasing solutions. At Somerset, we leverage our experience and long-standing relationships with leading corporations through the unique combination of proven financial strength and unmatched personal attention. For more information or to begin a relationship with Somerset Capital, call Adam Simon at (877) 282-9922 or see http://www.somersetcapital.com.