North Star Leasing Selects IDS Solution to Support Growth

North Star Leasing selected International Decision System, a provider of equipment finance and origination software, and its IDScloud solution to support its growing equipment leasing business.

IDScloud provides the full capability of the company’s flagship product InfoLease in an easy-to-consume, easy-to-manage software-as-a-service (SaaS) package. The cloud-based delivery allows NSL to use the core features it needs with the ability to scale as its business grows.

NSL has been serving the leasing needs of growing businesses since 1979. Located in Burlington, Vermont, NSL provides equipment financing to the micro ticket leasing industry in order for them to grow their business and has been using IDS software since inception. IDScloud was selected based upon the product’s depth of functionality, consumption-based pricing, and the ability to implement the solution without the need for additional IT staff or a significant professional services engagement. The full solution is targeted to be in production within eight to ten weeks.

“We are pleased to be working with IDS and using IDScloud,” said Dan Feeney, CEO of North Star Leasing. “As we continue to grow, it is imperative to utilize a back-office leasing management solution that addresses the needs of our daily business activities and will grow with us down the road. The IDScloud solution made it easy to integrate into our business process and ensure we are able to provide exceptional lease servicing to our customers while allowing our employees better access to our lease contracts and data.”

IDScloud delivers a powerful leasing and lending engine through a 100% SaaS model, making it accessible for all leasing providers. The solution is packaged to deliver a foundation of core functionality with the ability to add advanced features as the customer’s business evolves.

“North Star Leasing has been a great business partner and we are excited about being able to support them with their future growth plans,” said David Hamilton, CEO of IDS. “As a fully managed service, which includes both infrastructure and application management, the team at NSL will be able to focus on their business while their mission-critical applications are expertly serviced by IDS.”

Headquartered in Minneapolis, MN, IDS provides software and solutions for the equipment and asset finance industry and has served hundreds of customers, from small independents to many of the world’s top lessors.

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