The Strengths and Weaknesses of Commercial Equipment Leasing
Join BearingPoint manager Dan Draughon in understanding Commercial Equipment Leasing and the challenges with the current infrastructure. The biggest challenge an organization is seeing today is that they are still running on old legacy systems. In order to save on costs they are using outgrown systems that in actuality cost more money to maintain and are not expandable. In many extreme cases, these systems are causing the front and back end of the organization to not speak to one another. This results in redundant data entry and more room for error. From a management reporting standpoint, it is very difficult to get true results with a disjointed system.
Since BearingPoint has engaged in various projects around Commercial Equipment Leasing, we are well versed at advising a client on how they can address their challenges. It is essential for us to do an initial assessment to understand how your business is currently operating. When we present our findings we also compare your performance against the industry standards. By leveraging our findings against your goals, we are able to advise you on how to proceed. This may involve helping you to run more efficiently with your current systems, all the way to implementing a new ERP system with system selection, custom coding, and full scale business transformation.
Whether a new system is recommended or not, the most important thing is to have solid policies and procedures outlined. This should include compliance checks throughout the process, including regular audits to make sure things are being done correctly. To ensure you company is set up for success, document your policies and procedures and have them easily accessible to your employees. BearingPoint is a proven leader in this industry with consultants who understand the industry inside and out. We are able to leverage off of our proven methodology to increase the likelihood of success.