Minority Alliance Capital Selects Tabitha Software to Provide Lease Management Technology Solution
11 June 2005
Minority Alliance Capital (http://www.mac-leasing.com) today announced that they have implemented Tabitha Software’s technology to deliver unique value to financial and procurement executives in Fortune 1000 organizations through a web-based technology platform that optimizes the lease financing process, streamlines lease originations and effectively manages portfolios of financed assets.
Minority Alliance Capital (“MAC”) is a comprehensive provider of equipment lease financing and advisory services primarily serving Fortune 1000 companies and municipal entities. Tabitha Software is the leading provider of asset management solutions to the equipment leasing and commercial finance industries.
By combining MAC’s lease consulting expertise with Tabitha’s proven technology, the solution will help to ensure that companies incorporate best practices for equipment financing into policy standards consistently deployed throughout their enterprise. The solution consolidates critical information, manages contractual obligations, provides extensive reporting and integrates easily with other back-end systems. Additionally the solution will enable regulatory compliance, support corporate governance and leverage asset management tools to prevent cost leakage throughout the entire financing process.
“I believe that this managed technology approach provides a pretty compelling value proposition. Companies gain all of the benefits that Tabitha’s technology platform offers and can leverage MAC’s team of experienced leasing professionals to help them optimize their lease financing process. The result is a consistent and standardized approach to planning, sourcing and managing their assets throughout the life of the lease”, said Oscar Hatchett, President and CEO of Minority Alliance Capital.
About Minority Alliance Capital
Minority Alliance Capital is the nation’s first minority-owned company to provide equipment leasing administration and advisory services for the Fortune 1000 market. Headquartered in West Bloomfield, Michigan, the company is a joint venture of three minority-owned banks and GE Capital.
About Tabitha Software
Tabitha Software, is the leading provider of asset management solutions for the equipment leasing, commercial finance and manufacturing industries. Through its suite of integrated asset management solutions, Tabitha Software helps corporations to better manage their assets by consolidating information and automating mission critical processes. (http://www.tabithasoftware.com
Source: PR Web
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