Companies are sitting on cash because of economic uncertainty, a SunGard report says, citing a survey of treasury professionals that found 37% said they had increased surplus cash during the past 12 months, and 40% kept cash levels steady. The survey also noted the increase of cash-management centralization, with 43% of respondents saying they used a specialized center for such operations.
Confidence in the equipment-finance industry increased slightly this month, according to an index by the Equipment Leasing & Finance Foundation. The monthly index reached 62.1 in April, up from March's 61.7. This is the fourth straight month of increase. Thomas Jaschik, president of BB&T Equipment Finance, said still-cautious consumers made respondents cautious as well.
Confidence in the equipment-finance industry increased this month, according to the Equipment Leasing & Finance Foundation. The Monthly Confidence Index for the Equipment Finance Industry reached 61.7, compared with February's 59.6.
The Monthly Confidence Index for the Equipment Finance Industry shows a reading of 50.7 this month, compared with September's 47.6, according to the Equipment Leasing & Finance Foundation. "The equipment-finance industry has weathered and will continue to weather the storms of this economy and all its uncertainty," said Valerie Hayes Jester, president of Brandywine Capital Associates.