Grupo Financiero Banorte selects LeaseWave from Odessa Technologies

Philadelphia, PA – February 28, 2017 – Odessa Technologies (“Odessa”), a leader in lease and loan accounting software solutions, today announced that Arrendadora y Factor Banorte has selected LeaseWave from Odessa Technologies to provide end-to-end automation for their asset finance portfolio. With LeaseWave, Arrendadora y Factor Banorte will have a flexible technology foundation that will reduce operational complexities and costs and support ongoing growth.

After an extensive RFP process, LeaseWave was selected over 20 competing solutions. Two determining factors in the selection, apart from LeaseWave being a known global brand, were that the core offering is truly multi-lingual and multi-currency. Odessa is excited to be partnering with Arrendadora y Factor Banorte for this implementation to help affirm its foothold in this strategic market.

"The LeaseWave system can be deployed globally, offering advanced technology and rich functionality that meets the required standards in even the most rigorous regulatory environments," said Daniel Gonzalez, Business Development Manager, Latin America, Odessa. "The core system can be configured to meet our clients’ unique region-specific needs, allowing them to recognize process efficiency gains immediately.”

About Odessa Technologies, Inc.
Odessa Technologies, Inc. is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 450. The LeaseWave suite is a fully Internet-based family of products, providing an end-to-end lease, fleet and loan origination and portfolio management solution for equipment leasing and finance, vehicle leasing and finance and fleet management companies. The LeaseWave suite is engineered to be configurable and customizable to accommodate complex business models and it is also designed to be available as a SaaS product. Learn more about Odessa Technologies, Inc. and its services by visiting www.odessatech.com.

Arrendadora y Factor Banorte, SA de CV, SOFOM, Entidad Regulada, Grupo Financiero Banorte.
Arrendadora y Factor Banorte is a Subsidiary of Grupo Financiero Banorte and has provided leasing and financial factoring operations since 1990. Arrendadora y Factor Banorte is a leading and innovative company, with a solid success history; it adapts and develops tailored leasing and financial factoring solutions for its customers. Arrendadora y Factor Banorte has 16 offices in the main cities of the Mexican Republic.