Boston, MA (PRWEB) March 07, 2012
Cassiopae, a market-leading global asset finance software provider, today announced that Terex Financial Services™, a division of global equipment manufacturer, Terex Corporation, is now live with Cassiopae’s leasing software in China.
Cassiopae’s V4 software is managing the back office functions for Terex Financial Services including localization for the Chinese market.
“Our goal was to quickly bring up a system to support our new business initiative in China and at the same time, position ourselves to expand into other geographies without having to customize the application,” said Jeff Rentsch, Director of Technology for Terex Financial Services. “We were able to do that with Cassiopae’s flexible leasing software and industry knowledge.”
Cassiopae is designed for quick adaptation to specific financial product structures and localization requirements.
“The rapid implementation of Cassiopae leasing in China is testament to the software’s highly-configurable architecture. This design enabled us to bring the leasing software live in Terex Corporation’s financial service operations in China in a short time frame with a small implementation team,” said Noel Webster, Cassiopae President.
Terex Corporation is a diversified global manufacturer of a broad range of equipment that is focused on delivering reliable, customer-driven solutions for many applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility and manufacturing industries. Terex reports in five business segments: Aerial Work Platforms; Construction; Cranes; Material Handling & Port Solutions; and Materials Processing. Terex offers financial products and services to assist in the acquisition of equipment through Terex Financial Services. More information can be found at http://www.terex.com.
Cassiopae global finance and asset management solutions support hundreds of billions of dollars and millions of assets in live lease and loan portfolios for more than 90 customer sites in 30 countries. A multi-lingual, multi-currency solution, Cassiopae’s lending, leasing, and asset management software offers a configurable web-based user interface and leverages industry-standard technology including Web 2.0 Rich Internet Application technology, Oracle® DB, Unix®, Linux®, and Windows® environments. For more information, visit http://www.cassiopae.com.