graphic savings group blog

Graphic Savings Group Starts Master Lease Initiative

As corporate merges and acquisitions continue to drive growth in the business world, companies are now beginning to look at how consolidation within their own organization can improve cash flow and ease the burden of Sarbanes Oxley reporting. Graphic Savings Group is introducing the Master Lease Initiative to help companies consolidate and strengthen purchasing power across vendors, locations, and asset types.

"We’ve always encouraged companies to control the velocity of money and no financial tool may be more powerful than the Master Lease for managing procurement and equipmentlease terms,” said Andrew A. Bender, CEO of Graphic Savings Group.

Under the GSG Master Lease Initiative, companies will be able to tailor a lease agreement that enables increased oversight through a centralized, managed contract. By streamlining the lease documents, corporations can eliminate the expense and time lag inherent in the standard review process. The Master Lease establishes the base terms and schedule for a corporation’s leasing needs, creating a base line upon which all equipment leases are derived from. To celebrate the launch of the Master Lease Initiative, Graphic Savings Group is offering a Tivo® Series II to vendors that decide to enroll in the program and help their customers take control of their equipment leasing.

The Master Lease Initiative is based on a concept of flexibility. Companies in the MLI have the opportunity to establish an equipment procurement schedule, which can include quarterly rollups or delivery to multiple locations. The equipment terms become elastic, as companies can designate the length of a given lease according to their needs during a revenue cycle.

“We know that companies are successful when they are capable of rapid innovation. This makes capital available for new initiatives and directions immediately,” said Bender.

About Us

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers, and other IT equipment. Whether you are a Fortune 500 company, municipality, or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at http://www.graphicsavings.com/ or call 203.336.4034.

Graphic Savings Group Introduces REUSE: Asset Remarketing Program

Graphic Savings Group is excited to announce the release of its new asset management initiative, REUSE, the Remarketing & Effective Utilization of Surplus Equipment. The REUSE training program teaches leasing professionals how to properly value equipment residuals and manage the remarketing process on IT equipment, including digital copiers and printers.

"There is no formal training process for lessors and banks dealing with digital equipment. In order to effectively remarket assets, leasing professionals have to understand the true value of what they own," says Andrew A. Bender, CEO of Graphic Savings Group.

Under the REUSE program, which includes group seminars and individual consultations, Graphic Savings Group will look to teach leasing professionals the process from initialization to de-installation and resale. The first step under the REUSE program is learning how to conduct an audit, where leasing partners are taught how to appraise equipment in order to determine the most efficient course of asset management.

Graphic Savings Group will next sit down with partners to discuss the changing strategy involved in managing the life of used and new assets. Seminar topics will cover the proper de-install and removal techniques, including when to remarket or dispose of assets.

The final portion of the REUSE program will look at how leasing companies can limit risk and avoid overexposure while attempting to remarket assets. Participating professionals will learn how to develop partnership opportunities and create new channels of distribution.

"We see REUSE as the next logical step for a print marketplace in which technology is changing faster than ever. Finance companies need a strategy that can handle a large volume of leased assets being returned," says Bender.

He cited a recent consultation that Graphic Savings Group provided to a corporation that was looking to remarket a Xerox iGen3. Following the steps of the REUSE program and the advice of Bender, the company was able to generate 20 percent increase in actualized residual value and gain an effective understanding of the proper approach to asset remarketing.

Graphic Savings Group was able to leverage a key partnership with its sister company, JJ Bender, the world’s largest buyer and seller of previously owned Xerox production equipment, to remarket the returned assets. Using JJ Bender’s extensive network of dealers and end users, the Graphic Savings Group can connect sellers to buyers in an efficient manner.

In addition to the training opportunities, Graphic Savings Group offers clients the option of outsourcing the equipment asset remarketing process. Depending on the transaction scale or size of a financial institution, outsourcing any or all of the steps involved in assessing the residual value, de-installation, or remarketing of equipment can be a powerful and efficient alternative.

About Us

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers, and other IT equipment. Whether you are a Fortune 500 company, municipality, or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at

http://www.graphicsavings.com

or call 203.336.4034.

Graphic Savings Group Creates Xerox iGen3 Lease Training Program

With a Xerox DocuColor iGen3 110 costing as much as 800,000 Whopper Jr. Sandwiches®, the digital copier marketplace has never been more complicated and mistakes have never been more costly for the average business.

That’s why the Graphic Savings Group is introducing the Xerox iGen3 Leasing Seminar, the first in a series of signature educational lectures about emerging products and financial management tools in the digital copier world.

“We see this as a real opportunity to show business owners how they can leverage the most advanced digital technology to improve their bottom line while staying current about important trends in their industry,” said Andrew A. Bender, CEO of the Graphic Savings Group. 

The free seminars, conducted via conference call, will focus on the financial management of running a high volume digital press and the practical day-to-day operations requirements for a business looking to install a Xerox iGen3 or similar high speed production system. The goal of each session is to help organizations create working capital plans that can form the blueprint for current and future technology investment strategies. As part of its cash flow management curriculum, the Graphic Savings Group has been providing consultations to print industry executives.

“Since the first digital copier was introduced in 1987, there has never been enough guidance for companies looking at leasing duplicators. That all changes today,” said Bender.

About Graphic Savings Group

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers, and other IT equipment. Whether you are a Fortune 500 company, municipality, or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at www.graphicsavings.com or call 203.336.4034.

b@In an Effort to Keep America Competitive, Graphic Savings Group Launches Medical Equipment Leasing Initiative

President George W. Bush iterated in his State of The Union Address that, “keeping America competitive requires affordable health care.” In an effort to meet that challenge and provide a new funding source for members of the health care industry, the Graphic Savings Group is excited to announce its Medical Equipment Leasing Initiative (MELI).

“As an employer and financial services company, we understand the need for cost control with relation to healthcare. By establishing a consistent and reliable funding source for corporations that are looking to lease medical equipment, we believe we can help improve the fiscal responsibility of medical institutions,” said Andrew Bender, CEO of the Graphic Savings Group.

The new program is designed to accommodate doctors, dentists, and even veterinarians by offering them access to capital to finance medical and office purchases. The large upfront costs of new surgical equipment or x-ray machines can be a deterrent to a doctor’s practice with fixed cash flow.

With close to $3 billion in medical equipment being leased each year, the need for constant upgrades and the development of new technology makes leasing an attractive option for a number of medical professionals. Medical equipment leasing can ensure that hospitals are not locked into equipment that is outdated, giving them the flexibility to offer the most innovative treatments while staying within a budget.

Doctors can adapt to the changing Medicare reimbursement structure and insurance rebates by creating a step payment schedule that fixes the cost of their equipment and office essentials.

“We’re excited by the partnership opportunities in the medical field. We believe that we can bring our expertise in finance to help manage cash flow and costs for medical professionals,” said Bender.

About Us

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers and other IT equipment. Whether you are a Fortune 500 company or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at www.graphicsavings.com or call 203.336.4034.

Graphic Savings Group Introduces Inventory Financing Program

The high cost of purchasing and maintaining inventory has been an historical barrier to entry for equipment dealers looking to break into or expand into the graphics industry. Based on consumer feedback and market conditions, Graphic Savings Group is introducing an Inventory Financing Program that will assist companies in building an inventory with no upfront costs.

“We are structuring our company to assist start up corporations in the critical first few years of business. We know that in order to be successful, new companies need financial support and equipment expertise. We can provide both,” said Andrew Bender, CEO of Graphic Savings Group.

The Inventory Financing Program will allow dealers to build out their inventory without incurring high upfront costs. The program is structured to improve the cash flow of resellers, allowing them to stock inventory without paying for a period of up to 90 days.

Furthermore with the help of GSG Leasing, vendors can turn inventory equipment into leases for their customers. The Inventory Financing Program ultimately speeds up the supply chain for the entire industry by continually moving product from manufacturers and distributors into the world of the dealers and resellers.

“This program improves market efficiency and gives the customer more options by bolstering the inventory of dealers,” explained Bender. This new program from JJ Bender is the latest addition to a Vendor Dealer Program which has a full suite of leasing, consulting and equipment support for resellers in the graphics industry.

About Graphic Savings Group

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers, and other IT equipment. Whether you are a Fortune 500 company or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at www.graphicsavings.com or call 203.336.4034.

Graphic Savings Group Launches Municipal Leasing Program

Graphic Savings Group Launches Municipal Leasing Program

Contact: Jonathan Bender (jbender@graphicsavings.com)
203.336.4034

December 1, 2005  (Fairfield, CT)

In an era where public agencies are struggling to balance budgets and fund programs, Graphic Savings Group is proud to launch a Municipal Leasing Equipment Program.

“We understand that the current fiscal climate requires public officials to consider alternative options and creative financing. Graphic Savings Group is looking to partner with government agencies to resolve budgeting difficulties and provide real answers to real budget issues,” said Andrew Bender, CEO of Graphic Savings Group. cxcs

The newly designed Municipal Equipment Leasing Program offers tax exempt financing on all office equipment and peripherals needed by public agencies. The Graphic Savings Group specializes in high-volume production equipment; relying on the 25 years of experience in the graphics industry brought by the principals of sister company JJ Bender. Leasing specialists at the Graphic Savings Group will work with city, county, or state governments to fill short-term or long-term needs.

The Municipal Equipment Leasing Program is designed to allow government agencies to procure new equipment. Graphic Savings Group can help with equipment servicing and vendor negotiation as well. The key to successful fiscal management for public entities is to have a variety of cost efficient alternatives.

“We want to help public officials to think creatively about their problems and proactively address their equipment needs,” said Bender.

About Us

Graphic Savings Group is a cash flow management consulting company. GSG specializes in leasing high volume copiers, printers and other IT equipment. Whether you are a Fortune 500 company or a start-up venture, Graphic Savings Group helps clients control the velocity of money. For more information visit Graphic Savings Group online at www.graphicsavings.com or call 203.336.4034 .