Northteq, a Minneapolis-based provider of Salesforce-powered loan origination solutions for equipment finance lenders, announced the successful implementation of its aurora platform for Commercial Equipment Finance Inc. (CEFI), a relationship-focused independent finance company based in Puerto Rico. In the nine months since go-live, CEFI has processed over $125 million in funded deals through the platform, achieving major efficiency gains and digital transformation without expanding their headcount.
By automating workflows and integrating Aurora with CEFI’s servicing platform, CEFI has cut time-to-funding and shifted 95% of deals from wet signatures to e-signature workflows.
“Aurora gave us the automation and efficiency we needed without sacrificing the personal relationships that drive our business. What we’ve accomplished in just nine months through the new platform speaks volumes. And we’ve only scratched the surface,” said Ricky Rios, president of CEFI.
CEFI chose aurora after conducting a company-wide review of its tech stack. The goal was to find a scalable, flexible platform that could evolve alongside its business. The company opted for aurora’s primarily out-of-the-box configuration, adding key customizations to help the credit team remain agile while preserving compliance controls.
“CEFI had a vision of providing an amazing customer experience by implementing intelligent automation that complements their relationship focused business,” noted Kristian Dolan, chief executive officer of Northteq. “They’ve shown how the right platform can drive real results without adding additional strain.”
The aurora platform, built on Salesforce, now handles the full deal flow from submission through funding. Its automation capabilities, including custom workflows and approval processes, have already saved significant time for internal teams while enhancing the borrower and dealer experience. CEFI plans to expand its use of the platform in 2025, with future integrations and additional automation on the roadmap.
