Peapack Capital Goes Live with ASPIRE Platform in the LTiCloud

Peapack Capital began using the ASPIRE platform in the LTiCloud, shifting its business applications to the cloud with the aim of processing transactions quickly, gaining real-time insights and improving operational agility.

Peapack Capital has grown to approximately $700 million in net assets since its founding in April 2017. To compete more aggressively and stay at the forefront of the financial sector, Peapack Capital wanted to replace its manual systems with an integrated end-to-end solution that could accommodate future portfolio growth and handle originations through lifecycle management. By enabling Peapack Capital to integrate its business applications, ASPIRE in the LTiCloud will be able to provide a platform that allows Peapack Capital to process deals rapidly, increase profitability and deliver an enhanced customer experience.

“Peapack Capital sought an efficient, full lifecycle solution to support our business growth. It was also critical maintaining our service partner relationship with JDR Solutions,” Robert Cobleigh, president of Peapack Capital, said, “We found that solution in ASPIRE. The LTi team fully supported our vision. LTi, working together with JDR, helped Peapack Capital to ‘Go Live’ under a very aggressive timeline. We’re very pleased with the outcome.”

“To compete at the leading edge of the financial sector, Peapack Capital needs real-time visibility across the entire organization in order to respond rapidly to changing needs and demands,” Bryan Hunt, SVP and chief revenue officer of LTi, said. “Bringing front- and back-end systems together in ASPIRE in the LTiCloud will enhance Peapack Capital’s business process, security and overall efficiency, and ultimately helping improve the customer experience.”

LTi Technology Solutions delivers software and services to equipment finance companies throughout North America and the UK from its headquarters in Omaha, NE.

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