News & Events
ELFA Announces Winthrop Resources Corporation to Receive 2010 Operations & Technology Excellence Award
Washington, DC — June 15, 2010 — The Equipment Leasing and Finance Association (ELFA) announces that its 2010 Operations & Technology Excellence (O&TE) Award will go to Winthrop Resources Corporation, a wholly-owned subsidiary of TCF Financial Corporation, for its project implementation of LeaseWave by Odessa Technologies, Inc. Direct Capital Corporation is being recognized for honorable mention for its project developed with eOriginal, Inc. The winners were selected by the O&TE Award subcommittee and will be showcased during ELFA’s 49th Annual Convention, October 24-26 in Boca Raton, FL.
“Winthrop Resources Corporation and Direct Capital Corporation have demonstrated outstanding achievement in solution implementation best practices,” said Deborah Reuben, Product Manager, HCL Technologies and O&TE Award Sub-committee Chair. “Their accomplishments are excellent examples of the technical expertise and initiative that has come to define the equipment finance industry, and well deserving of this award recognition.”
Winthrop Resources Corporation will receive the O&TE Award for its implementation of a robust technical platform, capable of handling well over a million leased assets and several thousand customers. LeaseWave by Odessa Technologies is a fully-integrated system that covers all processes and functionality normally associated with lease management, including adherence to generally accepted accounting principles, the application of financial and business process controls and adequate tax/compliance support.
Direct Capital Corporation will receive an honorable mention for its development of a transformative business process incorporating e-signature technology which reduces customers’ financing transaction time and increases efficiency in sending and receiving customers’ financial documentation.
The O&TE Award Program identifies and recognizes equipment leasing and finance companies that have demonstrated best practices in developing and implementing innovative uses of technology or creative business processes to improve operations, enhance customer interactions, enter new markets and build overall ROI. The program brings the backroom to the foreground spotlighting the best in the industry as an example for others.
About the ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents
companies in the $518 billion equipment finance sector, which includes financial services companies and
manufacturers engaged in financing capital goods. ELFA members are the driving force behind the
growth in the commercial equipment finance market and contribute to capital formation in the U.S. and
abroad. Its over 600 members include independent and captive leasing and finance companies, banks,
financial services corporations, broker/packagers and investment banks, as well as manufacturers and
service providers. For more information, please visit www.elfaonline.org
ELFA is the premier source for statistics and analyses concerning the equipment finance sector. Please visit http://www.elfaonline.org/ind/research/ for additional information.