Compeer Financial selected LeaseWave from Odessa to provide end-to-end automation for its asset finance portfolio. Compeer will move off its legacy system and unify its front and back-end in the LeaseWave system, creating a technology foundation that will support the company’s growth and evolving business needs.
The $18.5 billion organization provides loans, leases, risk management and other financial services to more than 43,000 clients across Minnesota, Wisconsin and Illinois, as one of the largest cooperatives in the Farm Credit System. With continued positive growth, Compeer was looking to unify its business systems to gain the flexibility and speed it needs to support its ongoing operations.
With LeaseWave from Odessa, Compeer will be able to create one global system of record for its asset finance portfolios, which will streamline business operations. Compeer will also be able to easily configure internal processes, standardizing processes companywide with the ability to make corresponding technology changes, while leveraging continuous innovation from LeaseWave’s development on a single code base delivered regularly, reducing the periodic costly and intensive upgrades of legacy systems.
“With LeaseWave, Compeer will have one system of record with real-time visibility into its business, helping to reduce administrative complexity, create greater efficiencies, and enable more time spent on business goals and strategy,” said Leonard Lane, SVP Products for Odessa. “We’re excited to partner with Compeer to implement a technology foundation to help drive their business forward.”
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