Home / Finance / Equipment Lease Financing | Abu Dhabi National Leasing Selects Sigma Solution For Lease Management
June 2, 2011 by ?
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The signing ceremony was held in Istanbul by Yousef Abdulla Yousef, the Managing Director of ADNL; and Sirma Atac, Vice President of Sigma Consultancy.
LeaseFlex by Sigma Consultancy is web-based asset-management software that allows managing and monitoring the full lifecycle of leasing operations from proposals to pricing, contract management, operations, asset tracking, funding, risk management, billing and collections.
?After an in-depth research into leasing software solutions offered by reputed vendors, we decided to sign with Sigma because its integrated, end-to-end, robust and tailor-made solution is best suited for the ADNL business model,? Mr. Yousef, the Managing Director of ADNL, said. ?LeaseFlex allows ADNL to further enhance its high quality signature services to large UAE, GCC and international corporate entities.?
LeaseFlex is an integrated ERM solution for management of the complete lifecycle of leases and assets integrated system comprised of front office and back office modules. It is a fully web based system designed for international business with Multi-company support and consolidation capabilities, Multi-lingual support Multi-product support like financial leasing, operating leasing, fleet management, and consumer finance in the same installation.
Sigma, founded in 1982, is part of TEPUM Group of Companies. Its head office is in Istanbul, Turkey and it employs 190 technical staff. It is ISO-certified with special expertise in financial applications, development of leasing software, business process management and process improvement consultancy, omega project management methodology and CRM and ERP project Implementation.
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ADNL is the wholly-owned finance arm of the National Bank of Abu Dhabi National Bank of Abu Dhabi ( NBAD NBAD ), the Number One Bank in the UAE. It was established by NBAD NBAD to focus on financing capital assets to boost manufacturing in the UAE. ADNL focuses primarily on lease financing of plant and machinery, aircrafts, ships, vessels, oil tankers and other large infrastructure equipments such as earth moving and port handling equipments.
This niche concept of equipment leasing is new to the region and ADNL, as a trendsetter, is tapping market potential to grow in a progressive manner given its access to the substantial resources of NBAD NBAD . This mode of financing could provide a significant impetus to the development and growth of the economy of the UAE.
The relationship management team at ADNL consists of well qualified, experienced and committed individuals who understand the business needs of lessees (customers) and work with them to bring about the best possible solutions to suit their requirements.
? NBAD NBAD is committed to supporting Abu Dhabi vision 2030, which sets out the framework for diversifying the economy?, Mr. Yousef said. ?ADNL supports this commitment by building capabilities and skills across the financial services sector which is an integral part of The Abu Dhabi Economic Vision 2030. The ability to tailor sophisticated investment management solution helps underpin the Emirate?s progress towards developing a centre of excellence.?
About ADNL
Abu Dhabi National Leasing (ADNL) is a wholly-owned asset-based finance arm of National Bank of Abu Dhabi National Bank of Abu Dhabi ( NBAD NBAD ). ADNL provides all types of lease and lease finance facilities to large UAE, GCC and international corporate entities operating in the UAE.
ADNL provides flexible leasing options that are tailored to suit lessees? needs including finance and operating leases (Off Balance Sheet) , fixed and variable rate (EBOR/LIBOR based) leases, structured leases, step-up and step-down leases, skipped payment leases, upgrade leases, leases with grace period, sale and lease back and hire purchase. Also, ADNL offers lease structures where pre-and-post delivery lease finance is arranged to enable the lessee to have access to funding while the asset is being built and leased upon delivery.
ADNL offers lease options on both medium and long term basis for equipment including, but not exclusive to plant machinery, aircrafts, ships/vessels/oil tankers, district cooling plants, construction equipments, earth-moving equipment, port handling equipment, heavy vehicles and Real Estate. ADNL is also offering capital re-structuring facility through sale and lease back of existing clean equipment owned by lessee. This is an Off Balance sheet arrangement which directly affects the critical ratios and enhances the borrowing capacity of the company. ADNL approaches each prospective lessee on an individualized basis and provides personalized services to structure a lease transaction according to the lessee?s requirements, thereby giving choice, convenience and value that a lessee deserves. At ADNL, leases are priced competitively with a repayment schedule designed specifically to cater to the cash flow situation of the lessee.
For further enquires, please contact:
Ehab Khairi
Media PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Email: ehab.khairi@nbad.com
www.nbad.com
www.adnl.ae
Press Release 2011
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