CIT Global Vendor Finance Announces e-QuiportalTM Suite of Services

| September 12, 2012 | 0 Comments

NEW YORK–(BUSINESS WIRE)–

CIT
Global Vendor Finance
, a leading provider of business solutions to
small and middle market companies acquiring equipment and value-added
services, today announced the launch of e-Quiportal™,
a new suite of online services to support the changing needs of
manufacturers and resellers of equipment, including cloud solutions,
managed services and usage-based billing. These new tools make it easier
and more efficient for customers to acquire equipment and can provide
them with flexible payment options.

The first component of the e-Quiportal suite is e-Quipdirect™, which
allows customers to order and finance equipment and related bundled
services such as software, extended warranties, installation and
training, cost-efficiently, in one simple process. It is a perfect
solution for cloud-based projects and managed services and currently
supports Google’s
Chromebook and Chromebox
cloud solutions, allowing Google’s business
customers to acquire these products seamlessly online.

“We developed e-Quiportal to fulfill a growing need among our vendor
partners for a robust, end-to-end finance offering that ranges from
online purchasing to managed services to cloud solutions,” said Ron
Arrington
, President of CIT Global Vendor Finance. “Through
e-Quipdirect, our first e-Quiportal service, we achieve the dual goal of
helping our vendor partners increase online sales while delivering a
positive and simple experience for customers. In addition to Google, we
believe other companies would benefit from this cutting-edge product.”

e-Quipdirect allows business customers, particularly those utilizing
e-commerce, to select their financing option, apply for credit, receive
immediate credit decisions, electronically sign documentation, and
establish an e-payment methodology – all online. Other functionality and
products will launch over the coming months, delivering an innovative
suite of new products and services that are customized and relevant to
how business is conducted today and into the future.

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About CIT Global Vendor Finance

CIT Global Vendor Finance is a leader in developing business solutions
for small businesses and middle market companies for the acquisition of
equipment and value-added services. It creates tailored equipment
financing and leasing programs for manufacturers, distributors and
product resellers across industries that are designed to help them
increase sales. Through these programs, it provides equipment financing
and value-added services, from invoicing to asset disposition, to meet
its customers’ needs. cit.com/vendorfinance

About CIT

Founded in 1908, CIT (CIT) is a bank holding company with more
than $33 billion in finance and leasing assets. A member of the Fortune
500, it provides financing and leasing capital to its small business and
middle market clients and their customers across more than 30
industries. CIT maintains leadership positions in small business and
middle market lending, factoring, retail finance, aerospace, equipment
and rail leasing, and global vendor finance. CIT also operates CIT Bank
(Member FDIC), BankOnCIT.com, its primary bank subsidiary, which offers
a suite of savings options designed to help customers achieve a range of
financial goals. cit.com

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