Modeling and pricing software provider Ivory Consulting released its new asset management solution (AMS) built in conjunction with the asset management department of a leading bank’s equipment finance division.

AMS is the equipment finance industry’s first workflow driven, end-to-end asset management solution designed to manage the entire asset management operation – valuation, disposition and remarketing – of an equipment finance enterprise.

“Today more than ever, there is a clear need to migrate away from manual processes that require asset managers to spend too much time maintaining spreadsheets and gathering documents scattered across a series of disjointed systems,” said Scott Thacker, Ivory Consulting CEO. “AMS simplifies compliance procedures, improves auditability, streamlines operations and enables data-driven decision making. This provides asset managers with quick, accurate and more profitable asset valuations and disposition activities.”

The new solution benefits include:

• Increase organizational collaboration across all business functions by performing asset management activities inside a single enterprise software solution, resulting in improvements in efficiency and accuracy of data
• Enhance auditable processes and single-source information about all asset management activity via a centralized database
• Improve business security around all asset management functions by incorporating comprehensive internal controls
• Streamline operational processes and mitigate the risk of human error by replacing a spreadsheet/email-driven system with enterprise software