Wednesday, February 29, 2012

TCF Equipment Finance Selects Odessa ... - World Leasing News

Feb 27, 2012

TCF Equipment Finance Selects Odessa Technologies to Automate End-of-Lease Processes

TCF Equipment Finance, Inc. (?TCFEF?), an indirect subsidiary of TCF Financial Corporation (?TCF?) (NYSE: TCB), has selected Odessa Technologies, Inc. (?Odessa?) to develop a custom solution to automate end-of-lease administration and remarketing processes.

?We are excited to work with Odessa in automating and enhancing our end-of-lease management activities including repossessions, end-of-term activities, workouts and remarketing,? says Robert Stark, Senior Vice President of TCFEF. ?The ability to fully automate and integrate the end-oflease process will provide improvements in processing efficiencies and data accuracy and reliability.?

?While it will be a part of the LeaseWave platform, we are designing this solution to be modular and data-source independent so that it can be plugged right into any infrastructure and can work with a multitude of legacy systems,? says Kate Majewski, Associate Vice President at Odessa. ?We are also leveraging LeaseWave?s existing architecture and services, such as its extensible workflow layer. This will allow TCFEF to manage equipment coming off lease whether it be in the normal course of business or owing to the lessee?s deteriorating financial condition; users can readily configure the system to reflect their specific business processes and requirements.?

Source: http://www.worldleasingnews.com/news/tcf-equipment-finance-selects-odessa-technologies-to-automate-end-of-lease-processes-3/

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