Washington, DC, February 26, 2013— The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their overall new business volume for January was $5.9 billion, up 16 percent from volume of $5.1 billion in the same period in 2012. Volume was down 49 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity.
over 30 days increased to 1.8 percent in January after hitting their
lowest level in the last two years in December at 1.6 percent. They
were down from 1.9 percent in the same period in 2012. Charge-offs were at an all-time low of 0.3 percent, down from 0.6 percent the previous month.
approvals totaled 78.3 percent in January, down 0.3 % from December.
Finally, total headcount for equipment finance companieswas up 0.7 percent from the previous month, and increased 0.6 percent year over year
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for February is 58.7,
an increase from the January index of 54.2, reflecting industry
participants’ increasing optimism despite a wary eye on economic
conditions and government management of fiscal policies.
ELFA President and CEO William G. Sutton, CAE, said:
“The year begins where 2012 left off—on a positive note—as new business
volume continues to trend in a positive direction. A flurry of
activity at the end of the year gave way to more moderate growth in
January. MLFI-25 participants also indicate strong credit quality
metrics as both losses and delinquencies improved over the year-earlier
period. This good news belies an overhang of continued uncertainty that
lingers in the marketplace, as policy makers in Washington continue to
struggle with fiscal matters, which only serves as a damper to economic
Irv Rothman, President & CEO, HP Financial Services, located
in Berkeley Heights, NJ, said, “We remain optimistic for industry
growth as enterprise and government entities increasingly utilize
leasing and financing offers to help keep pace with technology change.
With rapidly evolving business and IT demands, we continue to see
interest from customers for the flexibility leasing, financing and
lifecycle asset management provides.”
About the ELFA’s MLFI-25
The MLFI-25 is the only index that reflects capex, or the volume of commercial equipment financed in the U.S. The MLFI-25 is released globally at 8 a.m. Eastern time from Washington, D.C., each month on the day before the U.S. Department of Commerce releases thedurable goods report. The MLFI-25 is a financial indicator that complements the durable goods report and other economic indexes, including the Institute for Supply Management Index, which reports economic activity in the manufacturing sector. Together with theMLFI-25 these reports provide a complete view of the status of productive assets in the U.S. economy: equipment produced, acquired and financed.
MLFI-25 is a time series that reflects two years of business activity
for the 25 companies currently participating in the survey. The latest
MLFI-25, including methodology and participants is available below and
also at http://www.elfaonline.org/Research/MLFI/
ELFA produces the MLFI-25 survey to help member organizations achieve
competitive advantage by providing them with leading-edge research and
benchmarking information to support strategic business decision making.
The MLFI-25 is a barometer of the trends in U.S. capital equipment investment. Five components are included in the survey: new business volume (originations), aging of receivables, charge-offs, credit approval ratios, (approved vs. submitted) and headcount for the equipment finance business.
MLFI-25 measures monthly commercial equipment lease and loan activity as
reported by participating ELFA member equipment finance companies
representing a cross section of the equipment finance sector, including
small ticket, middle-market, large ticket, bank, captive and independent
leasing and finance companies. Based on hard survey data, the responses
mirror the economic activity of the broader equipment finance sector
and current business conditions nationally.
Monday, February 25, 2013
Fuji Xerox Launches Four Models of Compact, High-Performance A4 Monochrome Printers For Users With Limited Office Space
Monday, February 25, 2013Wi-Fi Capable and Can Print From iPhone/iPad
TOKYO — Targeting small office / home office (SOHO) market and other users with limited office space, Fuji Xerox will strengthen its DocuPrint series lineup by sequentially launching four compact, lightweight and Wi-Fi® capable A4 monochrome printer models—DocuPrint P450 d, DocuPrint P450 ps, DocuPrint P350 d and DocuPrint P250 dw—from March 1, 2013.
Increasing the flexibility of the user’s office layout, all four models are suitable for usage at various places with space constraints, such as SOHOs, store counters, public services, and reception desks at medical institutions or back-offices.
DocuPrint P450 d and DocuPrint P450 ps have print speed of 45 pages per minute (ppm)Note1 and enhanced capability to meet printing needs on specially-treated papers for business and professional use, such as delivery forms, crimped postcards and card-type national health insurance certificates. These models accommodate high capacity feeding that match the level of A3 monochrome printers by having a maximum of four trays holding up to 2,350 sheets, allowing users to set several types of papers. Further, the DocuPrint P450 ps is capable of printing PostScript® data by incorporating Adobe® PostScript® 3™ as standard.
DocuPrint P350 d, capable of printing 35 ppmNote1, has a first printout speed of approximately 5.5 seconds to meet the speed required by reception work and others.
DocuPrint P250 dw, while maintaining its machine height at 225mm, has an output speed of 30 ppmNote1 and is equipped with duplex-printing as standard.
Compact and lightweight while pursuing high speed and high image quality
The DocuPrint P450 d, DocuPrint P450 ps and DocuPrint P350 d have incorporated a newly-developed print engine to realize high print speed and quick first printout time with its compact body. With the capability of delivering high-speed printout in the limited office space, these new models meet the demand of reception work at medical institutions, government offices and general service providers. Furthermore, the true resolution of 1,200 x 1,200 dots per inch enables high-definition printing, making small text and fine lines such as bar-codes clear.
Energy-saving EA-EcoNote2 toner and gloss controlled black toner
Using the EA-Eco toner, which has a fusing temperature of more than 20 degrees Celsius lower than the conventional EA toner, Fuji Xerox has reduced the printers’ power consumption during fusion. Further, these models incorporated the low-gloss black EA-Eco toner (Eco-LGK toner), which offers controlled gloss required for black and white business documents.
Direct printing from mobile devices
Users can directly print Web pages or photos by using Print UtilityNote3 from iPhone/iPad/iPod touch connected to Wi-Fi network or mobile devices equipped with Android™.
Note1: When printing the same, A4 single-sided document on plain paper
Note2: Emulsion Aggregation-Eco toner
Note3: Free software that allows printing from iPhone / iPad / iPod touch / Android™ devices
Product Names List Prices (before tax)
- DocuPrint P250 dw - Open
- DocuPrint P350 d - 59,800 yen
- DocuPrint P450 d - 98,000 yen
- DocuPrint P450 ps - 158,000 yen
In Japan and Asia-Pacific regions
Note Please note that the linked pages in this news release or other information are subject to be shut down without notice.
Tuesday, February 19, 2013
One Canon Park To Become The New Home Of Canon U.S.A. In Melville, New YorkSubmitted by Sara on Mon, 02/18/2013 - 15:49 MELVILLE, N.Y., February 18, 2013 – Canon U.S.A., Inc., a leader in digital imaging solutions, is proud to announce the new address of its new Americas headquarters. One Canon Park, located in Melville, New York will consolidate nearly 1,400 Canon employees into one central location. Nearly half of all Canon U.S.A. employees have relocated to the Melville headquarters while the remaining employees will complete the move in March. The new headquarters will serve all North and South American countries and will be one of Canon's three worldwide headquarters, with the other two located in London and Japan.
"We are so proud to be moving to our brand new, state-of-the-art headquarters at One Canon Park," said Seymour Liebman, executive vice president, chief administrative officer and general counsel, Canon U.S.A. "One Canon Park will be a symbol of not only our dedication to our employees, but also our dedication to the Long Island community we have called home since 1971."
Remaining on Long Island was always a top priority for the company to help retain the highly skilled and dedicated workforce. One Canon Park is a 700,000 square-foot facility and is located approximately 16 miles east of the current headquarters in Lake Success, New York.
The mailing address will be: One Canon Park, Melville, NY 11747.
Monday, February 11, 2013
Being likeable will help you in your job, business, relationships, and life. I interviewed dozens of successful business leaders for my last book, to determine what made them so likeable and their companies so successful. All of the concepts are simple, and yet, perhaps in the name of revenues or the bottom line, we often lose sight of the simple things - things that not only make us human, but can actually help us become more successful. Below are the eleven most important principles to integrate to become a better leader:
"When people talk, listen completely. Most people never listen." - Ernest Hemingway
Listening is the foundation of any good relationship. Great leaders listen to what their customers and prospects want and need, and they listen to the challenges those customers face. They listen to colleagues and are open to new ideas. They listen to shareholders, investors, and competitors. Here's why the best CEO's listen more.
"Storytelling is the most powerful way to put ideas into the world today." -Robert McAfee Brown
After listening, leaders need to tell great stories in order to sell their products, but more important, in order to sell their ideas. Storytelling is what captivates people and drives them to take action. Whether you're telling a story to one prospect over lunch, a boardroom full of people, or thousands of people through an online video - storytelling wins customers.
"I had no idea that being your authentic self could make me as rich as I've become. If I had, I'd have done it a lot earlier." -Oprah Winfrey
Great leaders are who they say they are, and they have integrity beyond compare. Vulnerability and humility are hallmarks of the authentic leader and create a positive, attractive energy. Customers, employees, and media all want to help an authentic person to succeed. There used to be a divide between one’s public self and private self, but the social internet has blurred that line. Tomorrow's leaders are transparent about who they are online, merging their personal and professional lives together.
"As a small businessperson, you have no greater leverage than the truth." -John Whittier
There is nowhere to hide anymore, and businesspeople who attempt to keep secrets will eventually be exposed. Openness and honesty lead to happier staff and customers and colleagues. More important, transparency makes it a lot easier to sleep at night - unworried about what you said to whom, a happier leader is a more productive one.
5. Team Playing
"Individuals play the game, but teams beat the odds." -SEAL Team Saying
No matter how small your organization, you interact with others every day. Letting others shine, encouraging innovative ideas, practicing humility, and following other rules for working in teams will help you become a more likeable leader. You’ll need a culture of success within your organization, one that includes out-of-the-box thinking.
"Life is 10% what happens to you and 90% how you react to it." -Charles Swindoll
The best leaders are responsive to their customers, staff, investors, and prospects. Every stakeholder today is a potential viral sparkplug, for better or for worse, and the winning leader is one who recognizes this and insists upon a culture of responsiveness. Whether the communication is email, voice mail, a note or a a tweet, responding shows you care and gives your customers and colleagues a say, allowing them to make a positive impact on the organization.
"When you're finished changing, you're finished." -Ben Franklin
There has never been a faster-changing marketplace than the one we live in today. Leaders must be flexible in managing changing opportunities and challenges and nimble enough to pivot at the right moment. Stubbornness is no longer desirable to most organizations. Instead, humility and the willingness to adapt mark a great leader.
"The only way to do great work is to love the work you do." -Steve Jobs
Those who love what they do don’t have to work a day in their lives. People who are able to bring passion to their business have a remarkable advantage, as that passion is contagious to customers and colleagues alike. Finding and increasing your passion will absolutely affect your bottom line.
9. Surprise and Delight
"A true leader always keeps an element of surprise up his sleeve, which others cannot grasp but which keeps his public excited and breathless." -Charles de Gaulle
Most people like surprises in their day-to-day lives. Likeable leaders underpromise and overdeliver, assuring that customers and staff are surprised in a positive way. There are a plethora of ways to surprise without spending extra money - a smile, We all like to be delighted — surprise and delight create incredible word-of-mouth marketing opportunities.
"Less isn't more; just enough is more." -Milton Glaser
The world is more complex than ever before, and yet what customers often respond to best is simplicity — in design, form, and function. Taking complex projects, challenges, and ideas and distilling them to their simplest components allows customers, staff, and other stakeholders to better understand and buy into your vision. We humans all crave simplicity, and so today's leader must be focused and deliver simplicity.
"I would maintain that thanks are the highest form of thought, and that gratitude is happiness doubled by wonder." -Gilbert Chesterton
Likeable leaders are ever grateful for the people who contribute to their opportunities and success. Being appreciative and saying thank you to mentors, customers, colleagues, and other stakeholders keeps leaders humble, appreciated, and well received. It also makes you feel great! Donor's Choose studied the value of a hand-written thank-you note, and actually found donors were 38% more likely to give a 2nd time if they got a hand-written note!
The Golden Rule: Above all else, treat others as you’d like to be treated
By showing others the same courtesy you expect from them, you will gain more respect from coworkers, customers, and business partners. Holding others in high regard demonstrates your company’s likeability and motivates others to work with you. This seems so simple, as do so many of these principles — and yet many people, too concerned with making money or getting by, fail to truly adopt these key concepts.
Which of these principles are most important to you — what makes you likeable?
Dave Kerpen is the New York Times bestselling author of two books, Likeable Social Media
Wednesday, February 6, 2013
The changing definition of security
Article | 23 January, 2013 - 19:38 | By Quentyn Taylor
There’s no doubt that the nature of the security industry is changing. Recent high profile data losses like LinkedIn’s loss of user data as a result of a security breach (reported by Reuters) and a breach of security systems at Global Payments (reported by the Financial Times) were met with widespread media coverage and speculation on the readiness of the companies involved to combat the threat from hackers. As a result, security is being pushed further up the news agenda. With the European Commission (EC) recommending its mandatory breach disclosure policy, it’s not hard to see why companies are nervous about what the future holds when it comes to security policy.
For many years, security meant guarding the perimeter, setting up firewalls, securing laptops and protecting data as it left the safety of the company, but that’s all changing. As cloud computing and SaaS continue to take over the office, the very definition of security, and what needs to be secured within an office, is changing. It is now data itself that is at risk. From the moment it is created, accessed remotely, emailed and printed, information is at risk throughout its lifecycle from external threats and internal mistakes. We now live in an information-driven age where knowledge is a valuable commodity.
If the recommendations within the European Commission’s data protection directive go ahead, a mandatory breach disclosure will be enforced, whereby organisations must notify the national supervisory authority of serious data breaches—potentially within 24 hours. The extent to which this will be feasible is still being debated - but there is a real risk that it could result in businesses being forced to tackle single data breach cases rather than investing in changing the security culture within an organisation, which would have a greater positive impact on the security measures adopted.
One recommendation by the EC for businesses with more than 250 employees is the appointment of a dedicated security officer who can implement a more holistic security infrastructure that encompasses all parts of the network. Whether data is passing through a smartphone, printer or laptop, it needs to be protected and a data protection or security officer needs to take a bird’s eye view to see the security needs of the organisation as a whole, rather than relying on a one-size-fits-all approach that puts a fence indiscriminately around the perimeter.
Security considerations need to be woven into the structure of a company so that if any issues arise they can be dealt with quickly, effectively and within the deadline. Although many companies may be worried about the impact the proposed EC directive will have on their business, it can be turned into a positive if the data officer is employed well by the company to improve the overall security strategy and is focused on locking in data as it is created, rather than solely catching breaches. In Germany, where it is already more common for companies to have a data protection manager, there is a higher perception that organisations do just the right amount to protect both company and customer data. A recent ICM / Canon study revealed that 47 percent of consumers in Germany thought organisations were doing enough to protect data, compared to just 29 per cent of UK respondents.
A recent survey by Shred-it Security Tracker found that 59.8 per cent of SMEs said they don’t believe that the loss of data would have any impact on their business. This is a shocking statistic and while small data losses may go unnoticed by most consumers, the catastrophic effect that a major security breach or data loss can have on an organisation can’t be ignored. When it comes to data security, it’s definitely a case of prevention being better than cure. That doesn’t necessarily mean that consumers need to know all the details about the work that goes into preventing data loss. Most consumers only read through the key parts of security clauses, but overall there is room for improvement when it comes to consumer awareness around the security measures organisations are taking already to protect important data. One in three consumers questioned think businesses don’t do enough to protect data from getting lost or misused.
The findings of the ICM / Canon research highlight that there is a huge difference between the awareness and knowledge held by consumers around security issues across Europe. For example, in the UK 30 per cent of consumers only read the topline parts of security clauses and 37 per cent feel that organisations don’t do enough to protect data from getting lost or misused. This shows that even sharing topline information about the security processes in place can help consumers to feel that a company is doing enough to protect the data it holds.
Whether the European Commission’s data protection directive comes into force or not, security and what it means is changing as the shift to data-led business continues. Whether this translates into security becoming a key purchasing consideration is debatable, but it is clear that data security needs to be at the forefront of every CIO, CEO and IT manager’s mind.
Consumer Attitudes to Data Loss research, Canon Europe / ICM, April 2012
Shred-it survey, Info4Security, June 2012
Consumer Attitudes to Data Loss research, Canon Europe / ICM, April 2012
Consumer Attitudes to Data Loss research, Canon Europe / ICM, April 2012