2007 July/August Issue

JULY/AUGUST 2007
Lease Management
Software…
Services Oriented Architecture
‘Hits the Spot’

FEATURES

Reaching New Levels of Performance — Focus on Organic Growth Pays Off in 2006
With new business volume and portfolio growth reaching record levels, Monitor Bank 50 participants pulled off what could be called “a very good year” in 2006. And in looking back to 2005, the focus on getting back to the business of doing business apparently paid off.
(Ref # BKL009)

A Services Oriented Approach to Leasing Software
By Madhu Natarajan and Jay Mehra, Odessa Technologies, Inc.
The reality is that no lease management system can ideally meet every last need of running a leasing business. In confronting this reality, applications are being built to be communication ready is certainly an idea worth considering. This is exactly what the Services Oriented Architecture approach to designing leasing software brings to the table. (Ref # TEC0157)

Hitting the Bull’s-Eye: Selecting the Right Technology Platform to Support Your Business
By Andrew Denton, CHP Consulting
Customer demands, relentless competitive pressures and regulatory changes are forcing asset finance companies in North America and other markets to transform their businesses. CHP Consulting’s Andrew Denton provides the keys… (Ref # TEC0158)

A Forward-Looking View at Paperless Transactions
By Steve LeBarron, CHP Consulting
The following article by Steve LeBarron summarizes recent findings in the Equipment Leasing and Finance Foundation’s study, “Paperless Transactions: The Competitive Edge.” Recombo’s Mike Gardner provides supplementary information on the use of digital signature technology in Canada. (Ref # TEC0159)

eDiscovery for Careful Lenders
By Jeffrey G. Close, Chapman and Cutler
Ask not for whom the clarion bells ring. If you’re a careful lender, they ring for thee! These days, lenders and lessors need to know what is “new” about eDiscovery and why it is important to prepare for it now, even for a lawsuit not yet filed. (Ref # LGL1091)

Trouble Near Paradise — Massive Fraud Threatens Sterling Financial
By Christopher Moraff, Associate Editor
When central Pennsylvania’s Sterling Financial announced it would restate its earnings for the past two years and was postponing its 2007 annual shareholder meeting, there was little to suggest the magnitude of what would follow. Find out what happened near a town called Paradise. (Ref # FRD011)

COLUMNS

ALTERNATE PERSPECTIVES
Recruiting May Change… But Much Remains the Same
By Caroline Fabian, Molloy Associates
Caroline Fabian takes readers down the road of internal and third-party recruiting by sharing her experiences. Throughout her journey she finds that it all comes down to a few basic premises. (Ref # PER018)

LEGAL WATCH
U.S. Supreme Court Resolves Conflict Over ‘Absolute’ Right to Convert to Chapter 13
By Lesley Anne Hawes, McKenna Long & Aldridge, LLP
Lesley Anne Hawes provides the summary of the Marrama v Citizen’s Bank of Massachusetts case and the Supreme Court’s decision detailing if a Chapter 7 debtor can transfer its case to a Chapter 13 or other proceeding if he/she acted in bad faith of the court, as well as the effects this ruling will have on future cases. (Ref # LGL1092)

DISPATCHES FROM THE TRENCHES
A Little Something About Equipment Finance Agreements
By Kenneth P. Weinberg, Marks & Weinberg, PC
An industry with a myriad of finance structures and even more colorful names (has added another — the Equipment Finance Agreement. Ken Weinberg elucidates these agreements. (Ref # LGL1093)