Ivory Consulting Collaborates with Bank on New Asset Management Software

Modeling and pricing software provider Ivory Consulting released its new asset management solution (AMS) built in conjunction with the asset management department of a leading bank’s equipment finance division.

AMS is the equipment finance industry’s first workflow driven, end-to-end asset management solution designed to manage the entire asset management operation – valuation, disposition and remarketing – of an equipment finance enterprise.

“Today more than ever, there is a clear need to migrate away from manual processes that require asset managers to spend too much time maintaining spreadsheets and gathering documents scattered across a series of disjointed systems,” said Scott Thacker, Ivory Consulting CEO. “AMS simplifies compliance procedures, improves auditability, streamlines operations and enables data-driven decision making. This provides asset managers with quick, accurate and more profitable asset valuations and disposition activities.”

The new solution benefits include:

  • Increase organizational collaboration across all business functions by performing asset management activities inside a single enterprise software solution, resulting in improvements in efficiency and accuracy of data
  • Enhance auditable processes and single-source information about all asset management activity via a centralized database
  • Improve business security around all asset management functions by incorporating comprehensive internal controls
  • Streamline operational processes and mitigate the risk of human error by replacing a spreadsheet/email-driven system with enterprise software

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