{"id":13110,"date":"2015-06-03T08:26:12","date_gmt":"2015-06-03T15:26:12","guid":{"rendered":"http:\/\/www.enxmag.com\/twii\/?p=13110"},"modified":"2016-09-15T10:05:01","modified_gmt":"2016-09-15T17:05:01","slug":"trending-now-the-trends-impacting-the-leasing-and-finance-industry","status":"publish","type":"post","link":"https:\/\/www.enxmag.com\/twii\/the-week-in-imaging-twii\/2015\/06\/trending-now-the-trends-impacting-the-leasing-and-finance-industry\/","title":{"rendered":"Trending Now: The Trends Impacting the Leasing and Finance Industry"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-medium wp-image-13111\" src=\"http:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/06\/trends-2015-300x204.jpg\" alt=\"trends 2015\" width=\"300\" height=\"204\" \/>The document imaging industry is driven by trends. For those in the midst of the fray it certainly helps to be on top of what\u2019s happening and an understanding of the impact certain trends may have on one\u2019s business or product, services, and solutions offerings going forward.<\/p>\n<p>In the June issue of ENX we\u2019re exploring \u201cWhat\u2019s New for 2015,\u201d detailing new products and programs from the various leasing and finance companies. At the time we also asked them about the trends that they are watching and reacting to and here\u2019s what they had to say about that.<\/p>\n<p>Nick Small, managing director U.S. for CIT Equipment Finance, identifies 3D printing as one major trend, acknowledging the importance of the existing distribution channels and how OEMs are leveraging the BTA channel, for example, to provide distribution for the 3D printing companies.<\/p>\n<p>\u201cWe\u2019re working with our partners who have entered into distribution agreements to be a financing partner for those 3D products whether on a standalone basis or aggregated with their traditional offerings,\u201d reports Small.<\/p>\n<p>Two products that Everbank Commercial Finance sees trending are digital signage and smartboards.<\/p>\n<p>\u201cAt this point in time, from a residuals standpoint, it\u2019s kind of tough to get your arms around,\u201d acknowledges Fred Carollo, vice president of originations for Everbank\u2019s Office Products Platform. \u201cWe\u2019re already financing digital signage and smartboards, but are looking to do more, and for lack of a better word, do it smartly.\u201d<\/p>\n<p>Managed Services and cloud-based solutions are two other trends Everbank is watching.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 16%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-13110 gallery-columns-6 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/05\/leasing-financing-whats-new-for-2015\/attachment\/nick-small\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Nick-Small-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12726\" srcset=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Nick-Small-150x150.jpg 150w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Nick-Small.jpg 296w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12726'>\n\t\t\t\tNick Small\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/05\/leasing-financing-whats-new-for-2015\/attachment\/carollo-fred2011\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Carollo-Fred2011-e1433334600359-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12725\" srcset=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Carollo-Fred2011-e1433334600359-150x150.jpg 150w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Carollo-Fred2011-e1433334600359-200x200.jpg 200w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12725'>\n\t\t\t\tFred Carollo\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/05\/leasing-financing-whats-new-for-2015\/attachment\/glen-clark-2\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Glen-Clark-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12724\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12724'>\n\t\t\t\tGlen Clark\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/05\/leasing-financing-whats-new-for-2015\/attachment\/rj_grimshaw_final\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/RJ_Grimshaw_final-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12722\" srcset=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/RJ_Grimshaw_final-150x150.jpg 150w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/RJ_Grimshaw_final-300x300.jpg 300w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/RJ_Grimshaw_final.jpg 360w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12722'>\n\t\t\t\tRJ Grimshaw\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/05\/leasing-financing-whats-new-for-2015\/attachment\/phil-buysse-2\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Phil-Buysse-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12723\" srcset=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Phil-Buysse-150x150.jpg 150w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Phil-Buysse-300x300.jpg 300w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/05\/Phil-Buysse.jpg 400w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12723'>\n\t\t\t\tPhil Buysse\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.enxmag.com\/twii\/enx-features\/2015\/04\/the-difference-makers-people-in-the-document-imaging-industry-making-a-difference\/attachment\/jennie-fisher-may-2015\/'><img width=\"100\" height=\"100\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2015\/04\/Jennie-Fisher-May-2015-e1430996664852-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" loading=\"lazy\" aria-describedby=\"gallery-1-12375\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-12375'>\n\t\t\t\tJennie Fisher\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>&nbsp;<\/p>\n<p>GE Capital Office Imaging also has 3D printing on its radar even if most of the products it\u2019s been financing are primarily used in industrial applications where machine tools are involved. \u201cGE corporate does quite a bit with 3D printing, particularly on the industrial side of the business,\u201d reveals Glen Clark, executive VP, general manager.<\/p>\n<p>He says GE Capital has a number of dealers who are interested in 3D printing. \u201cWe certainly have the ability to finance it, we just haven\u2019t seen a lot of demand generation associated with that product in the office equipment world. We see where it could be in the future depending on the application.\u201d<\/p>\n<p>That said, GE Capital has already closed a couple of deals associated with engineering firms that used to have a wide-format printer and ended up purchasing a 3D printer for modeling. \u201cWe may see more of that, \u201d reports Clark. \u201cWhere we <em>are<\/em> seeing a lot of activity is IT and IT Services.\u201d<\/p>\n<p>When Clark says IT Services he\u2019s talking about everything from providing IT equipment to break-fix service, to using the dealership as their Help Desk.<\/p>\n<p>\u201cWhere we see future growth is in this group of companies we call the middle market\u2014companies with $10 million up to $1 billion in revenue; that group of companies tend to not get a lot of press, but it represents a significant amount of opportunity,\u201d notes Clark.<\/p>\n<p>UniFi Equipment Finance is always trying to get a handle on what\u2019s going to be the next disruptive technology.<\/p>\n<p>\u201cEverybody is talking about 3D printing,\u201d says RJ Grimshaw, president &amp; CEO. \u201cI\u2019ve been funding 3D printing for the last five years. I don\u2019t\u00a0\u00a0 see 3D printing as the next big thing. To me if you\u2019re not involved with it now, you\u2019ve probably missed the boat.\u201d<\/p>\n<p>Instead, UniFi is focused more on the cloud and the document management side of the business as well as the services side. \u201cIt\u2019s all about the services and the wrap around the box and how do we make sure that\u2019s a financeable product that the marketplace will [want], and secondly from a banking perspective, is financeable,\u201d states Grimshaw.<\/p>\n<p>Phil Buysse, SVP, general manager, Office Equipment Vendor Services for U.S. bank reports that his company continues to adapt to the trend of a softer solution sale with less reliance on hardware and a higher recurring pass-through revenue for its dealers entering managed services. Supporting this trend are its IPA (Installment Payment Agreement), EPA (Equipment Finance Agreement) and pass-through billing features and financial reconciliation tools.<\/p>\n<p>\u201cThe trending to solutions needed for alternative products like 3D printing, production print, digital signage, cloud solutions, MPS, MNS; not only for the initial financing\/leasing, but solutions to bill, collect, remit, and manage recurring revenue streams on behalf of our dealer clients continues to be a marquis strength of ours,\u201d adds Buysse. \u201cThere are also a significant number of dealers with internal lease portfolios and we have successfully helped several dealers manage their capital needs through seamless portfolio sales.\u201d<\/p>\n<p>Speaking of 3D printers and digital signage, those two trends are front and center at GreatAmerica Financial Services Corp. The company is rolling out products to accommodate this trend and has entered into digital signage financing in partnership with Toshiba. Although the initial offering is via a Toshiba partnership, it\u2019s not branded for Toshiba and will be available to anyone in the channel looking to finance digital signage.<\/p>\n<p>GreatAmerica is looking into financing the content development piece as well. \u201cWe\u2019re evaluating how to come up with a financing solution to fund ongoing blocks of content,\u201d reports Jennie Fisher, Sr. VP, general manager, Office Equipment Group of GreatAmerica. \u201cWe need to make sure that as we venture into some of these newer areas that we have financed in the past that we have our arms wrapped around all the legality and risk factors that come along with that.\u201d<\/p>\n<p>There you have it, the trends impacting the leasing and finance companies. No surprises here, but plenty of validation for the trends most of the industry is monitoring.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The document imaging industry is driven by trends. For those in the midst of the fray it certainly helps to be on top of what\u2019s happening and an understanding of the impact certain trends may have on one\u2019s business or product, services, and solutions offerings going forward. In the June issue of ENX we\u2019re exploring \u201cWhat\u2019s New for 2015,\u201d detailing new products and programs from the various leasing and finance companies. At the time we also asked them about the trends that they are watching and reacting to and here\u2019s what they had to say about that. Nick Small, managing director U.S. for CIT Equipment Finance, identifies 3D printing as one major trend, acknowledging the importance of the existing distribution channels and how OEMs are leveraging the BTA channel, for example, to provide distribution for the 3D printing companies. \u201cWe\u2019re working with our partners who have entered into distribution agreements to be a financing partner for those 3D products whether on a standalone basis or aggregated with their traditional offerings,\u201d reports Small. Two products that Everbank Commercial Finance sees trending are digital signage and smartboards. \u201cAt this point in time, from a residuals standpoint, it\u2019s kind of tough to get your arms around,\u201d acknowledges Fred Carollo, vice president of originations for Everbank\u2019s Office Products Platform. \u201cWe\u2019re already financing digital signage and smartboards, but are looking to do more, and for lack of a better word, do it smartly.\u201d Managed Services and cloud-based solutions are two other trends Everbank is watching. &nbsp; GE Capital Office Imaging also has 3D printing on its radar even if most of the products it\u2019s been financing are primarily used in industrial applications where machine tools are involved. \u201cGE corporate does quite a bit with 3D printing, particularly on the industrial side of the business,\u201d reveals Glen Clark, executive VP, general manager. He says GE Capital has a number of dealers who are interested in 3D printing. \u201cWe certainly have the ability to finance it, we just haven\u2019t seen a lot of demand generation associated with that product in the office equipment world. We see where it could be in the future depending on the application.\u201d That said, GE Capital has already closed a couple of deals associated with engineering firms that used to have a wide-format printer and ended up purchasing a 3D printer for modeling. \u201cWe may see more of that, \u201d reports Clark. \u201cWhere we are seeing a lot of activity is IT and IT Services.\u201d When Clark says IT Services he\u2019s talking about everything from providing IT equipment to break-fix service, to using the dealership as their Help Desk. \u201cWhere we see future growth is in this group of companies we call the middle market\u2014companies with $10 million up to $1 billion in revenue; that group of companies tend to not get a lot of press, but it represents a significant amount of opportunity,\u201d notes Clark. UniFi Equipment Finance is always trying to get a handle on what\u2019s going to be the next disruptive technology. \u201cEverybody is talking about 3D printing,\u201d says RJ Grimshaw, president &amp; CEO. \u201cI\u2019ve been funding 3D printing for the last five years. I don\u2019t\u00a0\u00a0 see 3D printing as the next big thing. To me if you\u2019re not involved with it now, you\u2019ve probably missed the boat.\u201d Instead, UniFi is focused more on the cloud and the document management side of the business as well as the services side. \u201cIt\u2019s all about the services and the wrap around the box and how do we make sure that\u2019s a financeable product that the marketplace will [want], and secondly from a banking perspective, is financeable,\u201d states Grimshaw. Phil Buysse, SVP, general manager, Office Equipment Vendor Services for U.S. bank reports that his company continues to adapt to the trend of a softer solution sale with less reliance on hardware and a higher recurring pass-through revenue for its dealers entering managed services. Supporting this trend are its IPA (Installment Payment Agreement), EPA (Equipment Finance Agreement) and pass-through billing features and financial reconciliation tools. \u201cThe trending to solutions needed for alternative products like 3D printing, production print, digital signage, cloud solutions, MPS, MNS; not only for the initial financing\/leasing, but solutions to bill, collect, remit, and manage recurring revenue streams on behalf of our dealer clients continues to be a marquis strength of ours,\u201d adds Buysse. \u201cThere are also a significant number of dealers with internal lease portfolios and we have successfully helped several dealers manage their capital needs through seamless portfolio sales.\u201d Speaking of 3D printers and digital signage, those two trends are front and center at GreatAmerica Financial Services Corp. The company is rolling out products to accommodate this trend and has entered into digital signage financing in partnership with Toshiba. Although the initial offering is via a Toshiba partnership, it\u2019s not branded for Toshiba and will be available to anyone in the channel looking to finance digital signage. GreatAmerica is looking into financing the content development piece as well. \u201cWe\u2019re evaluating how to come up with a financing solution to fund ongoing blocks of content,\u201d reports Jennie Fisher, Sr. VP, general manager, Office Equipment Group of GreatAmerica. \u201cWe need to make sure that as we venture into some of these newer areas that we have financed in the past that we have our arms wrapped around all the legality and risk factors that come along with that.\u201d There you have it, the trends impacting the leasing and finance companies. No surprises here, but plenty of validation for the trends most of the industry is monitoring.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1638],"tags":[2248,183,2185,192,194,195,494,215,2408,2247,2262,2249,1089,328,2263,1669],"_links":{"self":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/13110"}],"collection":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/comments?post=13110"}],"version-history":[{"count":5,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/13110\/revisions"}],"predecessor-version":[{"id":13167,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/13110\/revisions\/13167"}],"wp:attachment":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=13110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=13110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=13110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}