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BancLease
1150 South Main Street P.O. Box 1526
Sikeston, MO 63801 |
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Britt McConnell
Program Director
800-530-5327
573-472-2002
FAX: 573-472-2266
info@banclease.com |
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| BancLease on-site training consists of a day and a half of detailed instruction. |
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| Day one of training begins with a look at the BancLease software. Attendees are walked through each module of the program. Standard leases, flexible payment leases, and skip leases are all displayed. Real-life examples are used to demonstrate how to structure, price, and quote leases. |
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| Next is documentation. During this phase the process of creating the documentation through the software is explained. Along with the functional aspect of creating the documents, this is the time during training when each document is explained in detail. Attendees are taken through a mock closing during which common customer questions are addressed. |
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| The first day of training ends with a discussion of yields, fee calculations, purchase options, and lease servicing. A focus is placed on the importance of pricing and managing the purchase option portion of each lease. |
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| The second day of training involves reviewing FASB-13, Revenue Ruling 55-540, anode Procedure 75-21. The discussion of regulations is followed by a session on general ledger accounting for leases. Following this section, a lease case study is presented that allows the group to complete a lease from start to finish. |
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| The training is concluded with a session on marketing: a close look at dealer relationships, media outlets, factor sheets, and dealer visits. Included in this section is a marketing package with fliers, direct mail letters, and lobby displays that are ready to be customized by each bank. |
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| Email: info@banclease.com |
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