Fincura added Commercial Equipment Finance (CEFI), an independent commercial equipment finance and leasing company, to its family of customers. CEFI will use Fincura’s financial insight engine for financial analysis for new originations and portfolio monitoring for both English and Spanish-speaking customers.

According to Fincura, CEFI will decrease time spent collecting, keying and analyzing financial documents by more than one hour per spread. As a result, the company’s analysts will be able to evaluate more deals.

Additionally, CEFI can now capture and unify its borrower data to create an internal data asset that, according to Fincura, will help drive better decision-making across the entire organization. CEFI is among the first equipment finance firms to utilize these newly-released capabilities in the Fincura platform.

“At CEFI, we believe that personal relationships are the most important part of our business. Fincura allows us to spend less time number-crunching and more time analyzing trends and value-added customer solutions,” Ricardo Rios Jr., COO at CEFI, said. “Fincura’s financial insight engine gives us the power to understand, plan and report on our portfolio in ways that were not possible before. It also changes our perspective of what it means to collect financial statements from our customers. What used to be a point-of-time analysis is now strategic data for our future.”

“It has been a great pleasure working with Ricardo and his team,” Cody Putre, COO and co-founder of Fincura, said. “As the market leader in the Puerto Rican equipment finance space, we are excited to be a key pillar of their innovation initiatives and continued growth.”