Head of Communications
High quality, cost-effective credit decisions with Visual Rules
Immenstaad, Chicago, 09/22/2009 -
Innovations Software Technology, a member of the Bosch Group, today announced that Beacon Funding, a leader in the equipment financing and leasing services industry, has chosen Visual Rules Enterprise Platform to automate leasing applications.
A challenge facing many equipment lenders is keeping their sales team and underwriters informed and educated in today’s constantly changing credit market. Using Innovations’ Visual Rules Business Rules Management Platform has enabled Beacon Funding to take approved credit parameters and build a platform for the automation of leasing applications, workflows and integration into various rating agencies and databases.
Toby McDonough, Beacon’s Vice President of Sales & Marketing , said: "Our goal remains to provide our business clients and equipment dealer partners with best-in-class service. Shortening the decisioning time on each credit application assists our vendor partners in selling more equipment. While human eyes will still review each Beacon credit application, adding the Visual Rules technology to our underwriting process will not only improve turnaround times, but allow our organization to make higher quality, more cost-effective credit decisions. The end result is a more competitive equipment financing program for our business clients."
"We are pleased that Beacon Funding has selected the Visual Rules Enterprise Platform to enable growth, and benefit from the use of our technology in this critical area of their business," said David Kim, Managing Director and CEO for Innovations Software Technology. "We look forward to continued success at Beacon Funding and are excited to be their partner."
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