Navitas Credit expanded EZ-Docs, its electronic documents service, which digitizes the transaction delivery and management process. The technology was initially deployed in Q4/15 and enables equipment sellers and business borrowers to expedite financing transactions by delivering a paperless processing environment.
The second phase of the Navitas EZ-Docs initiative was completed in Q3/16 and has now been deployed to the user community. The product is now more than an electronic delivery system and now supports the entire transactional workflow. Once documents are returned, internal users now have the ability to amend or add to the “electronic envelope” and then resend to the customer. New operational processes have been added that reduce manual intervention while expediting service delivery. As part of this phase of the project, additional business divisions and users were added, resulting in the majority of the organization being able to offer the electronic document service.
“As part of our on-going technology transformation we have been seeking solutions to simplify the way we do business in order to enhance the customer experience,” said Gary Shivers, president and CEO of Navitas. “The continued integration of electronic documents into our organization is a key component in helping achieve this objective. The company experienced a significant increase in operational efficiencies with this latest release of EZ-Docs. This technology makes it easier to do business with us and gives our customers a much more efficient way of achieving their financing goals. We plan on expanding this offering over the next several quarters and look forward to delivering a fully automated document management and storage capability.”
Ponte Vedra, FL-based Navitas provides equipment financing and working capital solutions to small and medium sized businesses directly and through developing referral programs with equipment vendors, lease and loan brokers and strategic alliances.
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