Prime Capital Partners with Inovatec to Facilitate Cloud-Based Equipment Financing



Inovatec Systems, a provider of cloud-based lending software, is partnering with Prime Capital, an Edmonton, AB-based provider of commercial equipment leasing. Through this partnership, Prime Capital will leverage Inovatec’s JAVELIN Direct Portal and JAVELIN Loan Origination System (LOS) to set up a long-term, scalable lending infrastructure built to service a network of clients and partners and to facilitate a variety of lease offerings.

“We are absolutely thrilled to partner with Prime Capital,” Bryan Smith, head of customer growth at Inovatec, said. “This launch will mark a new, best-in-class offering to the commercial equipment finance space.”

JAVELIN is a cloud-based lending platform designed to target the right deals for borrowers. The JAVELIN Direct Portal delivers a lending solution with credit application software, while the JAVELIN LOS executes a credit process with automated decisioning and scorecard capabilities as well as auditing and income verification for financing applications.

“Prime Capital has an incredible vision to drive a company-wide evolution from digital retailing and loan origination through to automated decisioning and AI tools to optimize workflows,” Smith said. “We are very pleased to help them achieve this vision and, more importantly, provide a long-term, scalable infrastructure so they can continue to grow that vision.”

Inovatec’s JAVELIN suite of lending software is designed to target the right deals for borrowers, while the platform’s success-based pricing means lenders only pay for the transactions they book.

“Partnering on innovation requires patience, excellent communication and commitment to vision of a streamlined end-to-end experience, removing friction from the client journey and vastly improving effectiveness of internal operations,” Angela Armstrong, president of Prime Capital, said. “Accomplishing this without losing the fundamental rigour, reporting and risk discipline and robust audit trail of a financial services organization is truly a Herculean task. It’s been a privilege to work with the Inovatec team on achieving this.”


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