Tagged With "Encina Private Credit"
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Re: What's the weirdest place you've sold a copier to?
Can't take credit for it, but one of our reps sold a colour copier to a strip club. Let's just say that they were printing a LOT of 11x17 posters....
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Re: What's the weirdest place you've sold a copier to?
About to hit 17 years in the industry now so seen a few.. Sold a scanner to a strip club, I was new to the industry and just a teenager at the time - made the mistake of asking what they wanted to scan Had a "serviced" copier in a massage parlour (inherited the install base so I cant take credit for this) Sold/installed copiers/MFD's to both of the last two Prime Ministers offices/houses Installed a fax machine INSIDE a jail, there was a very dusty gap and some cables on the desk so I asked...
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Re: Leasing Company Changes and Funding Disruption
We only use Great America but i have not seen any disruption. All seems normal with them other than the little caveat that the business must be open and operational at the time of funding. I haven’t seen credit tighten up from them or feel they are any more strict than usual.
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Re: Leasing Company Changes and Funding Disruption
I've seen the same with Great America also, they were always a little bit tight on credit anyway thus nothing has changed with them. That's a good thing
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Re: Post-Virus We Must Defeat The Zombie Companies!
SalesServiceGuy, I would suggest that a payment strategy is not something I see valuable at all. Customers need help deferring payments on what they already own. In all do respect. A payment strategy is not helpful to end user strictly based on selling a new MFP. The Imaging Channel's resellers who only sell print equipment are going to find themselves in serious trouble. Customers don't need to upgrade their all already oversold A3 to another one. Dealers should credit back the unused...
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Here is a report from leasingnews.org. One of their legal editors is doing a three part review of this legislation. Leasing News Exclusive: State Senator Steven Glazer and the genesis of CA SB 1235 (Part 1 of 3) By Tom McCurnin Leasing News Legal Editor This is important not only if you are doing commercial business in California, but this may affect other states. If you are new to this, here is legislation passed both the assembly and senate, awaiting California Governor Jerry Brown’s...
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Part Three Leasing News Exclusive: Is the Disclosure Too Complicated? State Senator Steven Glazer Position on CA SB 1235 (Part 3 of 3) By Tom McCurnin Leasing News Legal Editor The bill to require full disclosure of interest rates is awaiting Governor Jerry Brown's signature. It was reviewed to be recorded and sent to his office late last week. It seems unlikely he will not sign it as it passed the State Assembly 72-3 and in the Senate 28-6 .It then will be up to the California Department of...
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Re: MPS and Linux HELP!
So some clarification first. PaperCut absolutely does support Mac. In fact, it is the only cost recovery/print control solution that I know of that actually installs in an all Mac environment. (Server and Client) It also is the only solution I know of that installs in a Linux environment. So both of your issues are solved with PaperCut. I included the install guides for Mac and Linux to get you started.
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Re: Need help with Pay for Print Solution
If I am hearing this right, you have two issues...USB access and driverless/wireless printing. Others have USB printing, we don't. However, we have HotSpot Printers that no one else has. http://www.printeron.net/landing/ricoh/Ricoh.html I am going to assume that you are not familier with this. HotSpot printers allow you to print from anything that has email access including iPhones or BlackBerries. You don't need drivers and you don't need to be on the network. You just email the file to a...
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Re: Leasing Approvals for Marginal Deals
Art you best bet would be to look at Timepayment Corp in MA. You will have to provide personal info and do a personal guarantee. Most of the others listed will shy away from marginal credit.
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Re: Time in business requirements
The leasing company makes money when and if they are paid back, not when they lend the money! The rep is always free to cosign the loan if they think it's a BS issue but I think it would suddenly become a REAL issue at that point. After all, at that point we'd be talking about REAL money, not OPM. The leasing company is just wisely refusing all businesses under two years, then looking at the credit app and seeing that there is basically nothing on the app to support the loan, so they request...
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Re: Time in business requirements
Cash Gap: Going back to the past and seems like you've been in the biz for a long time. There was a time when: If you were over 2 years in biz, 90% of the time no PG was required. The leasing companies that you did business with would not "cream" the apps, they would take the good, the bad and the ugly (well, sometimes with the ugly) Problem now, is that all leasing companies want the cream, and that's where I have an issue, if you want first dibs to our portfolio, don't cream the apps, and...
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Re: "What is" Section 179
Leasing and Section 179 Did you know that your company can lease equipment and still take full advantage of the Section 179 deduction? In fact, leasing equipment and/or software with the Section 179 deduction in mind is a preferred financial strategy for many businesses, as it can significantly help with not only cash flow, but with profits as well. Non-Tax | Capital Lease The main benefit of a non-tax capital lease is that you can still take full advantage of the Section 179 Deduction, yet...
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Re: Color Print Control
It certainly caused a rather heated conversation between me and one of my customers before we found out about it. In that case, it was really hard to say whose fault the problem was. The MFP was just clicking as it was instructed from the application, but the application was just doing what the file told it to and the file had been made by the MFP. We just agreed to a credit (since they hadn't used color toner in making the print) and changed their drivers back to defaulting to black.
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Re: Would You Loan this company Money?
I'll give a preliminary "decline" to the request for credit until I see the balance sheet.
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Re: Would You Loan this company Money?
I'll upload the balance sheet tonight, and no it's not SONY, it is a Japanese manufacturer in our industry (another hint)
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Re: New Samsung 11 x 17" Colour MFPs due Oct 01 USA
Among many other incentives, Samsung is offering a significant per copier Credit Card reward on both their Colour and Black A3 Models to attract sales reps interest in promoting these products. The products themselves use a mono component toner/developer/drum system with a slightly higher Breakeven cpc. Due to aggressive intro promos, the copier crooks in my territory are already promoting the product in hopes of big commission cheques. The crooks often cannot get any other new A3 product...
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Re: Proximity Card Reader
Thanks for the update. Who said they were compatible with MIFARE cards? Magnetic strip cards is what I figured the hotel was using. Those work by a different mechanism. As Vince mentioned you can look at UniFlow but that might be a pricey option. You can also add a credit card/bill/coin-op solution for the business center. This is an easy way for walk up traffic. That way it keeps the front office people out of the equation to cash out guest. When you mention cloud printing what type are you...
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Re: Proximity Card Reader
I had gotten the name of the type of card from the GM and I called the card manufacturer and the Technican I spoke with said the cards were MIFARE. My understanding of the cloud solution would allow guests to login to their google docs or sharepoint account for direct prints. What other options are available? The hotel's mainframe is on a program called OPERA. I like the credit/card/bill/coin-op solution, I hadn't thought about that. Additional food for thought.... Are there any card readers...
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Re: I have a buyer in South America
Gentlemen, Please proceed with caution here. This reeks of a scam that my previous dealership was burned by. Credit card order is placed for an overseas shipment; Payment is processed (to a stolen card number); Once product has shipped, stolen card number is discovered; dealership has been burned. If it sounds too good to be true; it probably is. Good luck.
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Re: Managed Network Services discussion
Of course they are different. So is Ford Motor and Ford Motor Credit but the same principle applies. Are you suggesting that our accounts receivable can't handle managed network invoices? That Accounts payable can't pay vendors who supply network services hardware? That the warehouse is ill-equipped to inventory equipment and parts if they are to cover our network services responsibilities? Those are the people in common. Like I said, what makes us successful are the resources we bring in to...
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Re: KonicaMinolta's New App Display for MFPs!
Interesting...Couldn't we actually do something like this using our inbedded browser option? We can set a web page as the home page right? "Mr. Customer, how would you like to lower your copy bill next month by $100? All you have to do is allow ABC Bank's website to be displayed on your copier for the next 4 weeks. Just follow these three easy steps and then take a picture of the display on your copier and email it to us." What about industry specific advertising. A mortgage company...
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Re: 100 calls a day, 240 minutes talk time a day, 4 opps per day
I re read this and if Art hadn't have posted this I would have ripped it to shreds. So here is my new and improved toned down sophisticated paragraph by paragraph interpretation of this. That is how it works. New Sales Managers increase activity requirements when there in't enough. So your on the phone 4 hours a day. So don't miss the goals. Tip recommend the sales manager stay with you after hours until maybe 9 or 10 pm 3 times per week to coach you and help you get better, in an email with...
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Re: XRX Refinancing debt
Xerox Posts Net Loss Under Old Accounting By Franklin Paul NEW YORK (Reuters) - Xerox Corp. (NYSE:XRX - news) on Wednesday posted a first-quarter net loss versus a year-ago profit and an 11 percent drop in revenues -- unaudited results that are subject to change under an agreement with federal regulators. ADVERTISEMENT Three weeks ago, the Securities and Exchange Commission charged Xerox, known for its printers and photocopiers, with using accounting tricks to distort financial results from...
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Re: XRX Refinancing debt
Reuters Company News Xerox rtgs cut by Moody's on debt, cash flow worry NEW YORK, May 1 (Reuters) - Xerox Corp.'s (NYSE:XRX - news) "junk" ratings were cut as many as four notches by Moody's Investors Service on Wednesday over concern about the copier maker's heavy debt load and "modest" sales growth prospects. "The size of this downgrade is a surprise," said Domenick Fumai, a fixed-income analyst at BNP Paribas, which trades Xerox bonds. "Moody's may be trying to be proactive, but this...
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Re: XRX Refinancing debt
Xerox Comments on Ratings Action By Moody's Xerox Corporation's chief executive officer comments on the ratings decision by Moody's Investor Services, calling it "inconsistent with the company's progress and momentum." "Our performance demonstrates that we have significantly improved our operations and strengthened our liquidity. We have consistently and effectively executed on every element of our turnaround plan and have clearly set the stage for a return to full-year operational...
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Re: Help!
Here are the numbers: Phone: 800-800-4752 Credit Appl. Fax: 800-877-5327 Sales Fax: 800-900-9599 I deal with an Erica Rambow. Her e-mail is erica_d_rambow@fleetcl.com. She probably works for the Central US, but she can get you hooked up with the person that handles the NE
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Re: I need a leasing company for a new customer
You may also try BCL leasing. They are good for poor credit and over funding.
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Re: Current Lease Rates
Samantha's e-mail address at Great Bay Capital is: samantha.metzler@gbbk.com (I do not know their website). All good comments. We have a relationship with a bank (Heartland Business Credit) that we have guaranteed the residuals. This allowed us to write a custom program for all of our major and local goverment accounts. However, occasionally I have trouble getting a customer credit and we have gotten stung in the past (Norwest Financial...now Wells Fergo Ripoffiancial)...so it is prudent to...
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Re: Getting "Print For Pays" Lease Approved
All I know... I gave the name and address of the company to DLL earlier this year and they turned it down based upon that. I did not have trade references or bank info. At the time I was on risk rating the situation and let it go. I new he was probably not going to be able to do anything until the lease end which is next month, so I just called this week and we meet Monday. I will ask him to fill out a credit app at that time. It is a Sir Speedy.
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Re: Getting "Print For Pays" Lease Approved
We have a hard time getting GE to approve Print for Pay customers based upon high risk industry. If they have less then desireable credit then that makes it even tougher. CitiCapital has been able to get some of these pushed through, but with higher rates. Now there is a guy down on the street corner named Guido that might be able to help! Graham
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Re: Hummingbird And Ricoh
lol, come on Jim, you don't give your self enough credit! Your are the excel guru!!! Art
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Re: Are You Ready For This One?
I sold credit card processing for 2 years here in Oklahoma. The way Visa/Mastercard set up their charges to us was: one charge on the total amount of the transaction (our cost was 1.464%) and the other charge was a per transaction charge (our cost was $0.15/transaction). Some companies will bundle the rate together and charge a flat percentage rate, most will split it up. However, on a large average ticket they will try to charge a percentage because they get paid more. I would ask to take a...
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Re: Weekend Notes from the copier industry!
WEEKEND MFP INDUSTRY NOTES 8-5-07 The following is a quick review of copier/MFP industry news from industry publications. - The U.S. Supreme Court ruled that it is legal for manufacturers to create a mandatory minimum selling price for their product. The case was decided regarding a store that sold women’s clothing, that ran afoul of the clothing manufacturer’s rules. Unknown if any copier manufacturers will adopt this policy. - A group in Australia at Queensland University, is claiming that...
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Re: IP Fax, Internet Fax, or LAN Fax
If they want to share the PSTN line with the fax and Credit Card device then I would use this. http://www.smithgear.com/stick.html
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Re: km/cs 2550
This was PM'd to me from lonestar, should have been addressed to Troy. I will post for you all. Funny you should mention it we too have had the same problem with the scanner wires. We bought the special tool *180 bucks, you send back and get a "core" credit back. We took ours to a machine shop and he made a couple of sets for us at 34 bucks a pair. He just laughed we told him what we paid for them..... Solution. KMA has a solution that puts end caps over the holder that houses the wires to...
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Re: Ode to the Copier Repairman
Oh, that was too good!! I'm printing this out and hanging up in our shop right now! Edited to say: our techs love this. John, do you get author credit?
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Re: Ode to the Copier Repairman
No credit to me, I'm just a salesman! Honestly, I found it on the web this morning while I was looking for a cute copier cartoon to put on my monthly sales flyer. I cut out the pictures (inside of a copier, we've all seen them before) and pasted the rest. Glad you liked it.
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Re: Storage of competitor's equipment during lease
Mr./Ms. customer, "Ultimately your name is the one on the lease. If the equipment gets damaged or doesn't get returned, you are the one they will be coming after. If payments don't get made, your credit rating is the one that is effected. Ask yourself this, would you loan me or any of my competitors your car? Probably not for all the same reasons you might not want to trust them or even me with your copier. I can give you every assurance that we would accept responsibility for anything that...
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Re: Hot Spot Printers
SO, the way the Hotspot printers work (as I understand it) is, you plug them in and give them internet access and there is a label on the front with the printers email address. You email your document to the printer and it prints. You can optionally require that the submitter pay a fee via credit card (provider takes a cut of that)before it prints. So, the service fees for this would cover the email address, not an IP as the printer is sitting on your network, presumably behind firewalls, etc.
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Re: Hot Spot Printers
thanx, I found this late last night on the ricoh-usa site: Support for third party billing systems — Ricoh is partnering with PrinterOn and WebPay Services Aps (WPS) to enable hosted billing solutions so that the system can count the number of pages, calculate the job cost, and initiate a credit card billing sequence. When sending a job from a PC the service is called WebPay. When sending from a handheld device it is called MobilePay.
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Re: ARE YOU GOING TO THE SHOW???
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Re: Assume My Copier Lease....What?
Thanks for all of your questions and comments! To answer the first question by @AOSGROUP, we've had some success in our local area of Toronto, Canada. The transactions were completed manually before launching the marketplace. The current version of the marketplace was only launched this past January, so you guys are the early adopters. Transactions can take the form of either a lease assumption (where one credit-approved client assumes the lease of another as-is), or a split-buyout (where...
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Re: Assume My Copier Lease....What?
Originally Posted by fisher: How does this square with the fine print on every lease doc I've ever read regarding assignment or transferring the lease by the lessee??? Who goes to jail if the lease doesn't get satisfied???? Fisher: The assumption process is one that I've seen leasing companies do from time to time. You have to get the blessing of the leasing company first, and credit approval for the new leasee.
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Re: Copier Scams Part Deux "Dude Where's my Copier"?
Art, it's a part of the industry that I doubt you will get rid of. I would like to add my own "observation". I don't think that 99.9% of dealers do a good deal. If 99.9% was the case these instances would not even be noticed because they would be unheard of. I think the reality is that around 60-70% of dealers are OK. Another point is that the leasing companies do not give a damn about the state of the copier at the end of a lease. As long as the customer has made all the payments they're...
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Re: Copier Scams Part Deux "Dude Where's my Copier"?
I'm not sure if that has an equivalent in the UK. here we have the Consumer Credit Act. However, it only applies to consumers. Business to business isn't covered (except in a small number of cases). "I've almost never seen a disputed copier lease where the lessee wins. I'll admit I'm no expert in leasing however most of these agreements are rock solid." In my experience the reason why they're perceived as rock solid is because they are rarely challenged. If they're not challenged they'll...