DCR Technologies changed its name to Trnsact to better represent its growing role and expanding solutions for commercial equipment finance.

“As Trnsact, we are growing our commitment to provide better solutions for the industry to not just manage credit applications but also grow their business and increase their revenue,” Beckham Thomas, CEO and co-founder of Trnsact, said. “With an innovative platform and a commitment to improving our products and supporting our customers, we are transforming the way financing is done for customers, dealers, lenders, manufacturers, aftermarket providers and the entire ecosystem”

Trnsact now provides more solutions for dealers, including payments, automated finance decisioning, lending-as-a-service and an easy pathway to build revenue through a finance and insurance office and diverse aftermarket products. Trnsact continues to offer an established platform for dealers to manage credit applications and connect with lenders in a compliant and secure environment.

The Trnsact platform offers an easy-to-use turnkey financing solution with features like secure credit applications, instant two-way chat, finance proposals in seconds, electronic documentation capabilities and access to a large lender network for instant approvals. It provides compliance and security and enables dealers to quickly meet new federal regulations for safeguarding customer information.

“Trnsact is developing a full suite of solutions designed specifically for the commercial equipment and trucking industries and enabling all stakeholders to take advantage of technology to create a more efficient and more secure financing process,” Vijay Patil, COO and co-founder of Trnsact, said. “Through innovation, we are on a mission to give the commercial equipment industry a better way to transact.”