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SUPERIOR, CO – May 13, 2009 – Key Equipment Finance, the nation’s second-largest bank-held equipment finance company and an affiliate of KeyCorp (NYSE: KEY) today announced its intranet site, the WiKey, has received a 2009 Operations & Technology Excellence Award from the Equipment Leasing and Finance Association, a trade association representing the $650 billion equipment finance sector.
“With the creation of Key Equipment Finance’s intranet, called the WiKey, our technology team delivered a wildly successful one-stop shop for our corporate information and knowledge sharing,” said William A. Weeks, chief information officer for Key Equipment Finance. “With almost 5,000 business-related pages and more than 1,500 personal and community pages, the WiKey enables us to quickly evolve, connect and respond to our employees and clients.”
The Operations & Technology Excellence Awards, presented May 13-15 at the ELFA’s Operations and Technology Conference in San Antonio, recognize equipment leasing and finance companies that have demonstrated best practices in developing and implementing innovative uses of technology or creative business process that improve operations, enhance customer interactions, enter new markets and build overall ROI.
Key Equipment Finance rolled out the WiKey in 2008 knowing Web 2.0 technologies, which include wikis, blogs and social-networking tools, are increasingly supplanting traditional forms of communication in the corporate setting.
“The WiKey is now an integral part of Key Equipment Finance’s culture, and its impacts are particularly strong in the areas of knowledge management, corporate communications, human resources and project management,” said Adam D. Warner, president of Key Equipment Finance. “Now that it is part of the fabric of our organization, it’s hard to imagine going about day-to-day operations without this cutting-edge technology.”
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. The company focuses on four distinct markets:
- businesses of all sizes in the U.S. (from small business to large corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector organizations; and
- lease advisory services for larger structured equipment needs including single investor and leveraged leases, securitizations, and structured debt.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $10 billion core equipment portfolio with annual originations of approximately $5.6 billion. The company has major management and operations bases in Chicago, Illinois; Albany, New York; London, England; Hong Kong, China and Sydney, Australia. The company, which supports clients in 40 countries, employs 800 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.kefonline.com.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $101 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.key.com.
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