New Tool Aims To Ease Equipment Leasing Transaction Process

Compiled ByJill Jusko Chicago-based Heller Financial Inc. has launched a Web-based equipment lease transaction platform designed to support equipment-leasing programs for large, global manufacturers and their suppliers. Heller is deploying the Web-based platform simultaneously in North America and Europe, and says it expects the technology to be fully integrated into all of its vendor leasing programs in the U.S., Canada, and six European countries by the end of the year. "The ultimate goal is to provide a consistent experience to our clients' customers wherever they are located," says James D. McGrane, group president of Heller Global Vendor Finance, a business unit of Heller Financial. The new tool allows users to obtain lease payment quotations online, prepare and submit real-time credit applications, receive automated credit decisions, and secure custom-prepared lease documents.