Leaseurope welcomes Odessa as its latest associate member
Leaseurope, the trade body representing the leasing and automotive rental industry at European level, is happy to welcome Odessa as its latest associate member.June 16, 2014
Leaseurope, the trade body representing the leasing and automotive rental industry at European level, is happy to welcome Odessa as its latest associate member.
“The best way to make our industry stronger is by building up a platform at European level for people to meet, learn and share experience. This is a major element of our strategy, which we intend to develop even further going forward,” said Jukka Salonen, Leaseurope’s Chair. “We are thrilled to see Odessa join Leaseurope. Together with our existing associate members, the coming on board of this new associate member shows Leaseurope’s commitment to tighten its links and cooperate with key stakeholders who support the industry we represent“, he added.
Odessa is the developer of the LeaseWave suite of products, a fully integrated browser-based lease and loan origination and portfolio management system designed to meet world-class standards of scalability and performance required by the largest equipment leasing and finance, vehicle leasing and fleet management companies. LeaseWave® is comprised of a suite of 120 configurable modules that fully automate leasing company operations while generating the accounting entries for every transaction. The suite is designed to be easily configured and customized to fit the exact requirements of each client’s business model. Odessa has clients in North America, Europe, as well as the South Asia region, and employs a staff of 400 people exclusively focused on the global leasing industry.
“We are excited to join LeaseEurope” says Madhu Natarajan, CEO of Odessa. “Since the Federation covers over 90% of the European leasing market, we will gain invaluable insight into the trends and regulations affecting the region. Our relationship also provides us with the opportunity to provide a technology-based perspective on how the market is changing; this is especially relevant given the upcoming accounting changes and the continuing volatility of the economy.”
Jukka concluded, “We’re excited to expand our associate membership to businesses that have the same passion for the leasing and automotive rental industry that Leaseurope has. Odessa is a great addition to the Federation and we look forward to collaborating with them.”
As a Federation, Leaseurope brings together 44 associations throughout Europe representing either the leasing, long term and/or short term automotive rental industries. The scope of products covered by Leaseurope’s members ranges from hire purchase and finance leases to operating leases of all asset types (automotive, equipment and real estate) and also includes the rental of cars, vans and trucks. It is estimated that Leaseurope represents approximately 92% of the European leasing market.