Diversified Financial Selects IDS InfoLease to Support Growth
JUN 25, 2019 - 6:45 am
Diversified Financial Services selected asset finance and origination technology provider IDS’s InfoLease portfolio management and Rapport origination platform to provide end-to-end management of its asset finance portfolio.
A provider of leasing and loan solutions to the agricultural sector, DFS will leverage the IDS platform to support its ongoing strategy to provide personal, relationship driven support to customers.
“Diversified selected the IDS platform because it aligns with our mission – to provide efficient and timely processes and superior personal service to our customers,” commented Jeff Focht, Diversified president. “IDS demonstrated they could provide the scalability, reliability, and operational efficiency we need to support our growing business and to provide the right set of tools we need to support the needs of our customers.”
Headquartered in Omaha, Diversified Financial is a financial services company that provides retail financing, leasing, and insurance programs for the agricultural industry. For over 50 years, Diversified has focused on building long-term relationships with their customers in the agricultural industry.
Diversified partnered with IDS to provide the underlying technology platform to support Diversified’s delivery of lease and loan products from origination through the full lifecycle of the contract.
“Diversified’s focus on customer experience represents the type of mindset that drives our product innovation,” said David Hamilton, IDS CEO. “Our ongoing innovation in building a world-class portfolio management and origination platform centers on supporting our customers’ current and future technology needs. We are excited to be working with a company who values customer relationships and has selected a technology platform to enable the efficient and timely delivery of financial solutions to their customers.”
IDS InfoLease is a solution for portfolio management which offers standard accounting formulas, calculations, and reports that have been perfected through decades of audit scrutiny. InfoLease supports all contract structures, including tax and non-tax leases, leveraged leases, loans, conditional sales contracts, floating rate, and revolving accounts. Key features — such as an open architecture, streamlined access to data and webservice based integrations to an ecosystem of third-party services— simplify compliance and help banks, captives, and independents of all sizes grow their enterprises and support the changing needs of their customers.
Many businesses squeeze every drop of useful life from an asset to cut costs, but Katerina Jones says this practice often causes downward pressure on financial results. Since older trucks have a higher total cost of ownership, operating them often... read more
Do not underestimate the impact of the coronavirus on a company’s Q1 and Q2 2020 financial results. The supply chain issues are unknown, the potential economic slow down is unknown, and the length of time the impact will be felt... read more