SOURCE: RSource

Resource Helps Equipment Leasing and Financial Services Industry

October 16, 2009 12:09 ET

RSource Targets Equipment Leasing and Financial Services Industry, Welcomes New Division President

RSource Hires Allen Snelling to Head Leased Asset Solutions Division; With Warehousing Based in Sherwood, Oregon, RSource's New Division Offers Equipment Leasing and Finance Companies a Broad Range of Outsourcing Services That Manage Assets and Optimize Cash Flow

BOCA RATON, FL--(Marketwire - October 16, 2009) - What happens three years into the life of a leased copier when a business is ready for an upgrade? Enter RSource http://www.rsource.com/, a business process outsourcing (BPO) firm in Boca Raton, FL helping the equipment leasing and financial services industry. RSource announced today that Allen Snelling joins the team as President of RLAS (RSource Leased Asset Solutions Division).

With $650 billion dollars spent on equipment leasing and financial services each year, U.S. businesses need help managing their leased assets and improving their financial performance. Snelling has more than 12 years of senior leadership experience in the financial services trade and has held positions including VP and Director of Sales for Key Equipment Finance, a B2B equipment financing company.

"We are pleased to announce the addition of Snelling to the RSource team," said RSource CEO Larry Reid. "This growth adds to our business process outsourcing expertise and underlines our commitment to helping companies manage their assets and improve cash flow."

The business process outsourcing and leased asset solutions offered by RSource include:

-- Multi-channel remarketing and repossession

-- Asset and logistics management

-- Storage

-- Collections and customer service outsourcing

-- Receivables management (first and third party collection services)

-- Originations solutions

-- Bad debt and active portfolio purchases

More about Allen Snelling

Snelling is a graduate of Oregon State University, and has held various senior management positions in the financial services industry. Most recently, Snelling served as VP and Director of Sales for a fortune 500 financial services company. Connect with Snelling on LinkedIn Profile at http://www.linkedin.com/pub/allen-snelling/7/b63/811

About RSource

RSource provides cost-effective business processing solutions to companies of all sizes across the United States. RSource offers a broad range of services, focused on revenue cycle management and debt purchasing, leased asset management, customer service and claims management, merchant services and credit card processing. RSource specializes in industries such as healthcare, equipment leasing, financial services, manufacturing and distribution. The RSource management team includes CEO and attorney Larry Reid and President Robert Smith, who together previously co-founded AHC, an international healthcare receivables management company. In 1992, Reid and Smith started the AHC venture and grew the company to over 400 employees. In 1999, Reid and Smith sold AHC to a private equity firm.

For more information visit: www.rsource.com or call 561-995-1252. Look for RSource's company profile on Linkedin.

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