Bennington Financial Services Corp. (“Bennington”) has selected LeaseWave from Odessa Technologies, Inc. (“Odessa”) to automate and administer all their front office and back office lease management processes. Bennington is one of the largest independent commercial leasing companies in Canada, offering vendor point of sale, broker and end user-direct financing solutions under the Equirex Leasing and Bodkin Capital brands.
“Through its two brands, Equirex and Bodkin, Bennington Financial provides the market with innovative leasing products, as well as unique and creative solutions to assist new and existing businesses in financing their growth and their dreams, says Larry Mlynowski, President and CEO of Bennington. “LeaseWave will allow us to consolidate disparate legacy platforms, providing increased automation and improved service for our broker and vendor partners.”
“Today's business climate demands that leasing companies operate in the most efficient manner possible,” says Kevin Schroeder, Senior Vice President at Odessa. “Through its unique combination of mature and sophisticated functionality built on cutting-edge technology, LeaseWave offers a proven solution. Bennington will leverage LeaseWave’s configurable automation capabilities and workflow-driven design, eliminating manual workarounds and significantly improving process efficiency. Beyond these core system benefits, LeaseWave will also bring further value to Bennington through its broker, customer and vendor portals with state of the art, real time self-service capabilities.”
Bennington is one of the largest independent commercial leasing companies in Canada, operating under the Equirex Leasing and Bodkin Capital brands. Bennington provides comprehensive corporate services for both brands in the areas of accounting, treasury, human resources, information technology, collections, asset recovery and legal support.
Equirex Leasing Corp was established in 1996 and provides customized commercial equipment leasing solutions for large and small businesses. It specializes in the sub-prime market segment and is well known for its unique products and services.
Bodkin Capital Corporation is one of Canada's oldest equipment and vehicle leasing companies and has been in business for over 50 years. The company specializes in the prime and near-prime market segment.
Odessa Technologies is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, Pennsylvania and employs a staff of 325 people. Odessa is the developer of the LeaseWave suite of products, a fully Internet-based lease management solution, providing an end-to-end lease and loan origination and portfolio management system for equipment leasing and finance and vehicle leasing and fleet management companies. The LeaseWave suite is specifically engineered to be configurable and customizable, and accommodate even the most complex of business models, as evidenced by its diverse customer base. www.odessatech.com.