Emerging Disruptors – TRNSACT



Beckham Thomas
CEO and Co-Founder
TRNSACT

TRNSACT offers a proprietary technology and payment solution to lenders and dealers and recently rolled out Fast Track, a software module
and enabling financing offering integration into dealers’ sales processes.

TRNSACT’s proprietary technology and payment solutions address inefficiencies in managing traditional vendor financing programs. Instant decisioning at the point of sale provides TRNSACT customers with improved sales velocity and reduced overhead while increasing customer satisfaction, with transactions taking minutes instead of days.

To the TRNSACT team, innovation means tackling unsolved and undefined problems. The company considers innovation as ‘reimagining the status quo’ instead of simply improving products and processes. The company takes pride in setting new industry standards for efficiency and productivity in existing dealer processes without disturbing their synergies and current operating rhythm.

In 2022, TRNSACT introduced Fast Track, a product offering in the form of a software module enabling lenders to integrate their financing offering into any equipment dealer’s sales process. Many lenders have invested significantly in developing their own portals but are not seeing the ROI they wanted. With FastTrack, the lender’s LOS is digitally integrated with the dealer’s sales systems, increasing lender market share overnight. Similarly, equipment dealers don’t like manually submitting credit applications to their lenders — they want it to happen for them automatically. FastTrack enables a lender to dynamically offer their existing lending programs at point-of-sale to any vendor. The customizable, embedded-financing platform enables dealers to complete their transactions efficiently and securely.

“For us, innovation is not merely a change but a ‘game-changer.’”

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