Leasepath, the cloud-first equipment finance lifecycle platform powered by Microsoft Dynamics 365 and the Power Platform, entered a strategic engagement with Great American Insurance Group’s Specialty Equipment Division, a provider of equipment insurance solutions for the equipment finance industry.

Leasepath and Great American aim to innovate insurance management for the equipment finance industry. Leveraging the modern Intelligent Workplace cloud infrastructure offered by Leasepath and Microsoft Dynamics 365, the teams’ efforts expect to bring numerous benefits to customers, including easy insurance quoting during finance originations, default option placement on financed assets, automated invoicing and real-time insurance coverage updates. This will help significantly improve the speed of service and provide access to data-driven insights for Leasepath and Great American customers.

“We are delighted to collaborate with Great American, a company that shares our commitment to innovation and bringing intelligent, customer-first solutions to equipment finance,” Leasepath CEO Jeffrey Bilbrey, said. 

This engagement marks a milestone in the equipment finance industry, with a software company and an insurance provider joining forces to optimize the end-to-end equipment insurance customer experience. Equipment finance businesses using Leasepath can expect innovative solutions that will help streamline customer communication and dramatically reduce back-and-forth interactions, ultimately providing customer value and improving their relationship with the financier.

“We are thrilled to work with Leasepath, a company known for its innovation and for delivering exceptionally efficient solutions to the industry,” Cody Sanguinetti, divisional assistant vice president, Great American Specialty Equipment, said. “Together, we will empower our mutual customers by providing seamless access to the insurance products and programs that support their business.”