GE Capital will add new features to LeasingSource, its comprehensive online sales productivity tool for dealers of office imaging equipment.
Irving, TX ― GE Capital announced today that its Vendor Finance business will add new features to LeasingSource (http://ge.leasingsource.com), its comprehensive online sales productivity tool. Scheduled for launch this summer, the system will further increase the speed and ease of leasing office imaging equipment.
"As GE Capital has sharpened its focus, office imaging remains a key strategic market for us," said Jim Kelly, general manager of GE Capital, Vendor Finance. "That's why we are in the middle of a multi-phase technology roll-out to help dealers offer the fastest, easiest, most reliable financing as part of their solutions."
To improve their overall experience, LeasingSource will provide dealers with online pricing tools and automated document production. "In practical terms, these upgrades will speed customer decision-making, reduce errors by automatically generating leasing documents and allow dealers to complete updated cost-per-copy worksheets online to include all transaction details," Kelly said.
The first phase of GE Capital's technology upgrade was implemented in November 2009. Designed to streamline credit decisions, LeasingSource offered a simplified application to help office equipment dealers close sales with their customers.
"We love the speed," said Marie Killeen, Leasing Manager, Toshiba Business Solutions, Tamarac, FL, in regard to the upgraded system. "GE Capital has given us what we were looking for ― a quick approval so that we can continue the sale process without worrying about the customer's creditworthiness. It has helped us save precious time and money working on accounts that can secure credit."
"We have noticed a significant improvement in credit approval turn-around time," said James Jensen, Credit Manager, Metro Sales, Inc. of Minneapolis, MN. "In today's environment, we need to know if a customer is creditworthy. Receiving the customer approval in minutes as opposed to hours has helped in our efforts to win the customer's business and get them off the market."
About GE Capital
GE (NYSE: GE) is a diversified infrastructure, finance and media company that is taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
About GE Capital, Equipment Finance
GE Capital, Equipment Finance is a leading provider of innovative financing solutions including leases and loans to manufacturers, dealers and end-user businesses to help drive cost efficiencies and top-line growth. Its customizable financing solutions range from IT, construction, office imaging and medical equipment to telecom, healthcare and more.
Ned Reynolds
GE Capital
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