SunTrust Leasing Corporation Selects Tabitha Software to Streamline Asset Valuation and Appraisal Processes

Tabithas Asset Valuation Module To Provide SunTrust With Faster, Consistent And More Accurate Asset Valuations

New York (PRWEB) February 6, 2005 -- Tabitha Software (http://www.tabithasoftware.com), a software and web services company, today announced SunTrust Leasing Corporation (SunTrust) has implemented the Tabitha Asset Management Suite (TAMS). SunTrust will utilize Tabithas solution in its equipment leasing operation to streamline the asset valuation process, leverage historical valuations, provide detailed performance measurements and track business activities to satisfy audit and compliance requirements. Tabitha's flagship product, the Tabitha Asset Management Suite (TAMS) is a web-based asset management application. TAMS consolidates data, enables automated workflow, manages documentation, and provides a unified view of information for real-time reporting and business intelligence. TAMS offers an array of independent or integrated business process modules tailored specifically to the commercial finance and leasing industries.

"Evaluating assets involves a significant amount of time and resources. SunTrust will now be able to fully leverage that investment by utilizing historical valuations for residual analysis, forecasting and benchmarking. We are confident that this solution will improve turn-around time and provide SunTrust with a framework to more accurately value assets through an intelligent and consistent process flow, says Todd Wolf, Tabithas CEO.

Tabitha Software is a partner with the Equipment Leasing Association (ELA) to provide technology solutions for the ELA's member companies within the $200 Billion equipment leasing industry. The Tabitha Asset Management Suite (TAMS) is the initial product offering under this long-term partnership.

About Suntrust:
SunTrust Leasing Corporation, headquartered in Baltimore, Maryland, is one of the top 10 largest bank owned Leasing organizations.

About Tabitha Software:
Tabitha Software is a privately held company with offices in New York City and Greensboro, NC. Tabitha Software provides enterprise asset management and business intelligence solutions for the equipment leasing and commercial finance industries. Tabitha's asset management solutions allow real-time information and communication to flow easily between employees, business partners, distribution channels and executive management through web-based portals.

About Equipment Leasing Association (ELA)
Organized in 1961, the Equipment Leasing Association (ELA) is a non-profit association that represents companies involved in the dynamic equipment leasing and finance industry to the business community, government and media. ELA's diverse membership consists of independent leasing companies, banks, captives, financial services corporations, broker/packagers and investment banks, as well as service providers like accountants, consultants, equipment managers, executive recruiters, insurance companies, lawyers, publishers, and software providers. ELA promotes the leasing industry as a major source of funds for capital investment in the U.S. and other countries. Headquartered in Arlington, VA, ELA is a national organization with more than 850 member companies and a staff of 27 professionals. (www.elaonline.com)

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