Trnsact, a software platform aimed at modernizing how commercial equipment dealers sell and finance, surpassed $5 billion in total transaction volume processed through its platform.
“Dealers want more control over the sales process and a seamless way to present financing and protection products,” Beckham Thomas, co-founder and CEO of Trnsact, said. “Crossing five billion validates the trust dealers, OEMs and lenders place in Trnsact to handle critical workflows — from quote to close — in one connected system.”
Trnsact’s growth has been fueled by its expansion across OEM and dealer networks seeking to modernize quoting, approvals and funding in a single, integrated workflow. Dealers using Trnsact report higher finance penetration and improved sales team efficiency when quoting, approval and funding happen within the same workflow.
“Traditional financing processes have long slowed down how equipment gets sold,” Thomas said. “Our platform gives dealers and manufacturers the tools to manage financing and protection products with the same precision and simplicity as they manage their inventory and sales.”
