DecisivEdge, a business consulting and technology services company, launched its lending and leasing as a service (LLaaS) product, powered by Oracle.

LLaaS is a simple, flexible, securely featured and cost-effective way for small and medium sized lenders to the leverage the capabilities of a solution.

Oracle Financial Services Lending and Leasing is at the core of DecisivEdge’s offering. It is hosted in a securely featured cloud and bundled with 24/7 monitoring, support and other value added services. The service is priced based on account volume and service levels selected by the subscriber. DecisivEdge is onboarding its first customer, a midsized lessor of residential HVAC equipment, to the platform and is working with several other interested lenders.

“We are extremely excited to be working with Oracle to bring this innovative solution to the marketplace,” said Andrew MacDowell, senior vice president of business optimization at DecisivEdge. “The traditional model requires a sizable up-front capital expense to acquire the software and infrastructure, often putting such a solution out of reach for small and medium sized lenders.”

“We are delighted to collaborate with DecisivEdge to offer an innovative solution alternative to our customers,” said Andrea Klein, vice president of alliances at Oracle Financial Services. “We look to work with progressive companies such as DecisivEdge to bring to clients the solutions they need to differentiate, enhance and grow their businesses.”