Leasepath deployed its Finance Origination (LOS) and Customer Engagement (CRM) platform with PMD Business Finance, an asset finance broker based in the United Kingdom.

The Leasepath Intelligent Workplace platform will support PMD’s current and anticipated growth by enabling the company to provide better support to its customers. Specifically, PMD is using Leasepath’s sales-to-order workflow, document generation, dealer/vendor portals and other automation capabilities to relieve team members of oft-repeated workload.

“We see where the technology landscape is moving in the asset finance industry and, quite frankly, we think that we’re getting ahead of where our competitors will be in five years or more,” Rob Dermody, director of PMD Business Finance, said. “By partnering with Leasepath, we expect to realize an increase in our throughput and enable PMD to reach more customers and empower us to build stronger relationships with them. We also get room to grow with their platform over time, and the direction they are taking with their Intelligent Workplace platform is exciting.”

PMD Business Finance chose Leasepath to increase organizational capacity, centralize front and back-office solutions, and gain the agility to move where markets demand. The company is leveraging Leasepath to reduce friction in the sales cycle, thus speeding up customer service processes without sacrificing security. Additionally, the company sought to modernize its core systems by moving to a fully digital, cloud-first environment, simultaneously future-proofing against more disruptions stemming from the COVID-19 pandemic, reducing technical strain and IT costs, enabling more agility with respect to finance products, and making available more UK-based talent for the growing team.

“PMD made a commitment to embrace the new ways of doing business made modern by the pandemic,” Jeff Bilbrey, CEO of Leasepath, said. “They were clear that being cloud-first, digital-first was critical to them. They want to be ready for emerging technologies to make a major impact on the asset finance industry, and with their new Intelligent Workplace from Leasepath, they’re prepared to do just that. They’re a rising star, and we are delighted to be partnering with them in their growth.”