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Asset Finance: Next-Generation Technology Systems Critical to New Business Model

By Andrew Denton
August 01, 2005

Spurred by increasing customer demands, new competitive pressures and regulatory changes, the North America equipment leasing industry is undergoing dynamic change. It will affect how lessors conduct business for years to come, with companies feverishly developing new products, income streams and distribution channels, while still seeking further operational efficiencies.

Emerging from these efforts is a new business model for the industry. Its success depends on organizations embracing fundamental changes and integrating next-generation technology systems that better align with today's business requirements and act as an enabler to growth. Those leasing organizations that successfully adapt in this evolving market will survive and flourish; those that cannot will undoubtedly struggle.

Evolution of the Industry

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