Case Study: Corcentric achieves faster, more cost-effective digital equipment leasing with eOriginal

How Corcentric Delivered a Streamlined, More Cost-Effective Customer Experience by Digitizing Equipment Leasing

Corcentric, a provider of procurement, AP/AR and fleet financing solutions serving 2,000+ companies, faced a complex, paper-driven leasing process—often 30 documents per deal for fleets of 100+ vehicles and up to $10M in value—made worse by COVID-driven remote work and time-sensitive bank quotes that were expiring during slow manual workflows. To maintain a best-in-class customer experience and speed up funding, Corcentric needed a secure, contactless way to digitize lease execution while accommodating conservative funding partners.

Corcentric implemented eOriginal SmartSign, eAsset Management (eVault/eChattel) and Paper Out to digitize all lease documentation, enable secure mobile e-signature and convert electronic originals to paper when required. The tamper-evident eVault and audit trail reassured banks, transactions fell from a typical 7–10 days to three days or less, clients received equipment sooner, renegotiations were avoided, profitability improved, and staff gained time to pursue new business.

Corcentric

Ray Ellingsen

Vice President of National Syndications