Nexcap Finance Corporation Selects LeaseWave® From Odessa Technologies, Inc.
Philadelphia, PA October 24, 2011 - Nexcap Finance Corporation, a leading provider of financing to small businesses, middle market companies and large corporate and government clients today announced that it has selected Odessa Technologies Inc. and its LeaseWave® software product to further automate and administer its front, mid and back office lease management processes.
“Nexcap’s recent purchase of a complementary lease portfolio in the transportation space and our prospects for additional growth were the key drivers in our decision to invest in a fully automated, end-to-end, equipment leasing and financing platform”, said Michael Kilkenny, Nexcap’s Executive Vice President and Managing Director. “The workflow management of the lease life cycle from multiple locations will be a key factor as the company implements its growth strategy in the months and years ahead; moving to Odessa’s platform was a logical choice to facilitate the execution of our plans”.
“Nexcap provides a wide range of leasing products and specialized financing solutions to its clients in many industries through direct sales, broker and or vendor channels”, said Sunil Nair, Odessa Project Manager. “Nexcap’s diversified business model and their reliance on third party information providers is supported by our system not only because of its mature functionality but also because of its cutting edge technology. The flexibility of LeaseWave® allows it to be rapidly configured and makes it ready to meet the unique needs of any lessor, located anywhere in the world”.
About Nexcap Finance Corporation
Nexcap Finance Corporation is a Canadian-owned and operated company that offers equipment leasing, structured financing and supply chain financing solutions to clients in a wide range of industries across Canada. With over 20 years of experience, Nexcap provides access to capital and equipment so its clients can take their business to the next level. Nexcap’s goal is to provide differentiated financing products across multiple risk/return platforms. The firm is currently headquartered in Burlington, Ontario.