SANY Capital USA selected IDS, a provider of asset finance and origination technology, for its IDScloud platform for asset finance.
SANY, the fifth largest heavy equipment manufacturer globally, selected IDScloud based on both the functional strength of the solution and the ability to move quickly from their existing asset finance accounting system. With IDScloud, SANY now has the ability to streamline portfolio management operations, respond to new market opportunities and accelerate their business plans.
“We needed to move quickly to ensure we had the right system in place to support our aggressive growth goals,” stated Dean Waters, president SANY Capital USA. “After looking at our options, IDScloud was the only system which met our functional needs, both now and as we expand, and could deploy quickly. Now that we are live, the IDS team provides ongoing comprehensive management of the system allowing my team to focus on what we do best – growing our business.”
“The strength of IDScloud is its ability to support the entire spectrum of asset and equipment financing firms, including high-growth companies like SANY,” commented David Hamilton, CEO IDS. “We value the opportunity to partner with SANY to quickly migrate their portfolio to our SaaS solution and to provide them with a system designed to scale with their business. Implementing SANY in just 10 weeks demonstrates the power of the IDScloud platform and our ability to provide unparalleled time-to-value to our customers.”
IDScloud is a 100% SaaS solution, which offers the full capability of IDS’ market leading Rapport origination and InfoLease portfolio management solutions along with integrations to an ecosystem of leading third-party services including credit bureaus, e-signature, CRM, sales tax, insurance and payments. In addition to onboarding new customers in a short amount of time, the solution is highly configurable and allows customers to adapt quickly to changing sales and servicing needs in their front, middle and back office. IDScloud provides comprehensive support for a full range of asset classes, deal sizes and deal types. With IDScloud, customers only pay for what they use, enabling the solution to scale in line with customer growth and as their business requirements change.
If you are a secured lender, then you know to file a UCC financing statement to perfect your security interest in the collateral, whether or not it is tangible (such as equipment) or intangible (such as accounts or leases). You... read more
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more