Stonebriar Commercial Finance extended its relationship with Solifi as the provider of a software-as-a-service technology platform to support back-office portfolio management and growth goals.
Stonebriar, the largest independent equipment financing firm in the United States, has been a client of Solifi, formerly IDS, since its inception in 2015, with the Stonebriar’s management’s former company a Solifi client since 2004. Stonebriar moved its portfolio management system to Solifi’s SaaS solution in March 2020.
“We are pleased to extend our relationship with Solifi. They are an important strategic partner in executing key back-office operations necessary to effectively and efficiently manage our business,” Timothy Milazzo, senior vice president and CFO at Stonebriar Commercial Finance, said. “Solifi’s expertise and first-class customer service enables us to focus more of our internal resources on company strategic and growth initiatives.”
As the new currency of business, data is critical to drive current company operations and achieve growth plans and targets. Stonebriar is one of the first of Solifi’s clients set to implement its data streaming offering. Solifi’s capabilities allow clients to leverage data when and where they need it. Reliable technology is essential to stay at the forefront of digitization in the equipment finance space. Solifi’s technology leverages real-time data to help equipment finance firms like Stonebriar make future-oriented business decisions quickly rather than relying on past success metrics. With streams of data in near real time, Stonebriar can turn data into business insights and use that data alongside other enterprise data sources for deeper insights and reporting.
“Solifi is honored the top private independent equipment financing firm in the U.S. is partnering with us,” David Hamilton, CEO of Solifi, said. “Stonebriar CEO Dave B. Fate has built a strong team and a great company. Their decision to extend our partnership demonstrates Stonebriar’s confidence in us to deliver technology solutions to scale with their fast-growing business and provide valuable insights to ensure they retain their market-leading position and unparalleled service levels for their customers.”
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