January 15, 2005 -- Orion First Financial, LLC of Gig Harbor Washington
has selected Vision Commerce, Inc. of St. Charles Missouri to provide
its Front-End Solution, VISION to its joint venture partners. Vision
will deliver automated application and transaction processing on
a single platform for Orion's multiple Joint Venture Partners. Vision
will allow each of Orion's JV partners to operate independently
or in tandem with Orion on a transaction by transaction basis.
According to Steve Lundergan, President of Vision Commerce, "Vision
is the perfect solution for Orion's business model. Orion supports
a myriad of different Lessors with different ways of doing business.
Our patent pending architecture allows each of the Orion JV partners
to do business in their unique fashion through as many different
business channels as they require. At the same time, they will be
able to use Orion's best practice rules to fully accommodate the
transactions that belong in the Joint venture portfolios. There
is no cookie cutter version of our solution. Vision's scalability
can accommodate any number different JV business models in a single
platform on Orion's server".
Ted Brownrigg, Vice President of Orion had this to say about the
selection.
"One of the commitments we have made to our JV Partners is
the use of the best technology available in the market to manage
their business. After a comprehensive search, we found that Vision
Commerce had not only the most current technology, but also an architecture
that would accommodate that commitment. Using Vision Commerce's
state of the art technology Orion is able to effectively deliver
our lease management programs to our partners. At the same time,
the system will provide our Partners the autonomy to manage their
business any way they deem is best for them. We are pleased to be
working with Steve Lundergan and the people at Vision Commerce.
They understand the small ticket leasing marketplace and we look
forward to long and successful relationship."
About Orion First Financial, LLC
Orion First Financial, LLC located in Gig Harbor WA, provides a complete and comprehensive suite of services to assist lending institutions and lessors successfully compete in the commercial equipment leasing industry. With a concentration in small-ticket leasing, Orion provides consulting and advisory services, lease servicing and complete portfolio management.
Orion First has developed a funding mechanism by creating joint ventures with lease originators and arranging warehouse and permanent financing. The joint venture program is unique in that it provides a level of control and flexibility needed in today's leasing marketplace. This program allows participants to expand funding resources, improve transaction flow and build lasting value.
The company employs state-of-the-art technology combined with years of management experience to insure lease portfolios are managed in a sound and cost-effective manner. For more information about Orion First Financial visit their website at www.orionfirst.com.
About Vision Commerce, Inc.
Vision Commerce, Inc. (www.visioncommerce.com) was created to serve the leasing and finance industries. Vision's goal is to provide its clients access to e-commerce solutions at an affordable price. The company's philosophy is that technology should automate routine processes and provide real-time information, but can never replace industry experience and product knowledge.
The leadership team offers finance industry experience, technology expertise and a commitment to listen to the customer. Vision Commerce is a closely-held, employee-owned company.
