What the media is saying about The Asset Works...
16 February 2012
Syscap appoints The Asset Works
"The Asset Works, a global leader in leased asset management and verification services has been appointed by Syscap, the independent finance provider. The Asset Works will implement asset verification services and management solutions for Syscap’s education and local government clients.
The new technology from The Asset Works will mean that Syscap and its clients can effectively track and monitor the equipment throughout its lifecycle..." read more
16 February 2012
The Asset Works plans global growth with new-formed partnerships
"The Asset Works (TAW), the international provider of asset management and verification services for the leasing industry, has extended its global influence with three significant points of growth this month (February).
In a partnership arrangement with Jones Lang LaSalle (JLL), the company will integrate JLL’s asset valuation, recovery and disposal capabilities into its service offering...." read more
15 February 2012
NetSol Technologies partners with The Asset Works
"NetSol Technologies Europe, Ltd., a wholly-owned subsidiary of NetSol Technologies , Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced a partnership with The Asset Works, Ltd., to provide integrated asset verification and visibility services to its existing and future client base.
The Asset Works, a global leader in leased asset management and verification services, has recently launched its assetaware™ and assetaware+™ services..." read more
13 February 2012
Trio of partnerships for The Asset Works
"Leased asset management firm The Asset Works has forged three partnerships this week to offer its asset management services across the European leasing industry.
he UK-based company teamed up with global advisory firm Jones Lang LaSalle, leasing software business NetSol Technologies and UK IT lessor Syscap to implement its assetaware system..." read more
13 February 2012
The Asset Works appoint Jones Lang LaSalle as preferred supplier of professional services
"The Asset Works, a global leader in leased asset management and verification services is pleased to announce a new partnership with Jones Lang LaSalle for the integration of expert asset valuation, recovery and disposal capabilities into its comprehensive portfolio of services offered to its client base.
The Asset Works will offer Jones Lang LaSalle’s industry leading services through its assetaware™ management system, enabling lessors to combine world-class collateral appraisal..." read more
13 September 2011
Former GE, Key EF Exec Appointed to The Asset Works’ Board
"The Asset Works, a provider of global leased asset management and verification services, announced the appointment of Andrew Slatford as a non-executive director.
Slatford’s career in banking and leasing began in the early 1980s at Chemical Bank and developed through senior roles as vice president at Security Pacific EuroFinance, chief risk officer at GE Corporate Financial Services Europe and European credit & risk director at Key Equipment Finance..." read more
12 September 2011
Andrew Slatford appointed to the board of The Asset Works
"The Asset Works, a global leader in leased asset management and verification services, has appointed Andrew Slatford as a non-executive director.
Slatford’s career in banking and leasing began in the early 1980s at Chemical Bank, and developed through senior roles as vice president at Security Pacific EuroFinance, chief risk officer at GE Corporate Financial Services Europe, and latterly European credit & risk director at Key Equipment Finance..." read more
1 September 2011
New Asset for The Asset Works
"The Asset Works, operating in leased asset management and verification services, has announced the appointment of Lindsay Town as non-executive Chairman.
In this role, Town will provide The Asset Works’ board with in-depth leasing industry knowledge, insight and expertise to assist with strategic direction and market positioning of the business..." read more
19 August 2011
Lindsay Town appointed Chairman of the Board of The Asset Works
"The Asset Works, a global leader in leased asset management and verification services, is pleased to announce the appointment of Lindsay Town as non-executive Chairman.
In his role, Lindsay will provide The Asset Works’ board with in-depth leasing industry knowledge, insight and expertise to assist with strategic direction and market positioning of the business..." read more
17 May 2011
The Asset Works offers new product
"Start-up asset management and anti-fraud specialist The Asset Works has launched a new asset management product, in addition to its radio frequency identification-based (RFID) "SmartSecure" offering.
Known as "SmartTag", the new product consists of a sticker, bearing a leasing company’s name and a unique "quick response" (QR) code, affixed to each asset in its possession..." read more
17 May 2011
SmartTag aims to transform global asset management
"At a present time when, internationally, asset registration has never been more neglected, nor accurate asset management more urgently needed, The Asset Works has launched SmartTag - a new asset management tool.
Using unique QR (Quick Response) codes that connect to a mobile internet site, SmartTag allows lessors to capture asset identification, condition and location data together with asset images quickly, accurately and efficiently..." read more
25 March 2011
Leasing should get proactive to beat fraud
"The headlines about a leasing scam in Italy paint a depressing picture.
A cohort of 150 firms conspired against a group of Italy’s most prominent lessors, which now find themselves an estimated €35m out of pocket. The assets do not, and never did, exist.
Why is the leasing industry so vulnerable to fraud on this scale? Is it the distance between owner and asset? Perhaps it is the sheer volume of assets financed? Or is it the traditional complexity and cost of monitoring the assets?..." read more
2 March 2011
Editor's letter: The bank, the lessor, his partner and their customers
"...In the case of KBC Lease UK, £133m (€157m) of the bank’s cash has been spirited away. Investigations continue as to the whereabouts of much of it.
Observers have commented that blind, or arms length, funding is to blame. Where the leasing provider has no direct relationship with the end user, it’s easy to see how opportunities for would-be fraudsters might arise.
An innovation like The Asset Works’ tagging system, which uses GPS technology to keep tabs on moveable assets, can help the industry to defend against fraud..." read more
4 February 2011
Cheat-proof system promises to outsmart fraudsters
"Asset verification for the purposes of fraud prevention is not a new concept.
The need for it has been around for a long time, and increased during the recession as lessees faced difficult circumstances and the likelihood of fraud increased.
In order to keep sufficiently close tabs on assets, it has been necessary in the past to carry out physical audits. Methods have included electronic tracking systems, and specially designed..." read more
New tagging system on track
"A new verification system for assets held by lessees looks set to become a prominent feature in the motor finance industry.
Horsham-based The Asset Works (TAW) is close to finalising a new tracking system, which allows lessors to trace their assets without dispatching individuals to conduct physical audits.
The company has developed a tamper-proof electronic data tag, which can be attached to vehicles and which cannot be removed without being destroyed. Lessees are provided with..." read more