CHICAGO--(BUSINESS WIRE)-- Firms like RiTREEV.com are penetrating Pitney Bowes' estimated 80% market share to offer customers savings on their existing postage machine equipment through refinancing. Similar to a refinance on a house, Pitney Bowes customers can now save money and keep their maintenance contracts by refinancing their postage machine lease, according to RiTREEV.
With interest rates at historic lows and refinancing transactions at historic highs this could translate into 100,000 customers per year saving money on their existing leased equipment.
The rules are simple: The firm has less than two years left on its lease and does not need a larger more expensive postage machine. The firm keeps its present PB postage machine and lowers its quarterly lease payment with RiTREEV. Customers with 7 digit account numbers can contact RiTREEV to determine the lease expiration date.
According to the Wall Street Journal June 19, 2009 , “Pitney Bowes Bank Inc. allows businesses to prepay or borrow funds for postage costs.” On the front page WSJ article Corporate Lenders Get Hit, “Pitney Bowes Inc. and dozens of other companies that aren’t banks but pitch loans and other financial products are being squeezed by the Obama administration’s financial-overhaul plan.” RiTREEV is positioned to extend credit to the estimated 500,000 businesses which lease Pitney Bowes machines and want to cut their quarterly costs.
In today’s tough economy a $3,000- $5,100 savings is monumental especially on a machine which is utilized less than five minutes per day. How can a firm save money during this recession? Accounts Payable can outsource its quarterly Pitney Bowes payment and save money while keeping its dependable mailing equipment on site.
About RiTREEV Corporation
RiTREEV was founded by Patrick Evans who previously launched EVCOR Systems, Inc. which became the largest independent competitor to Pitney Bowes and was sold for $60 million.
If you would like more information about this topic or RiTREEV Corporation, or to schedule an interview, please call Patrick Evans at 630-803-6511 or email Patrick at patevans@ritreev.com.
Contacts
RiTREEV
Patrick Evans
Cell Phone: 630-803-6511
Email: patevans@ritreev.com
