Stonebriar Commercial Finance Taps IDScloud for Portfolio Management
MAR 3, 2020 - 7:00 am
Stonebriar Commercial Finance is now live on IDScloud, supporting its growing portfolio which currently stands at more than $2.7 billion in net asset value.
Based in Plano, TX, SCF is a privately held commercial finance company. With expertise in equipment finance, SCF provides solutions tailored to meet its customers unique needs both in structure and term.
“Moving our portfolio management to the cloud was a critical step to keep up with our growth and our overall ability to get the most out of our systems,” stated Steve Siler, Stonebriar CTO. “We selected IDScloud based on its ability to scale with our business and integrate with other ecosystem applications like Salesforce.com. This provides us with a broader view into our business delivering data and analytics needed to make strategic business decisions.”
“Stonebriar’s team, with deep expertise in asset finance and their ongoing push to deliver innovative leasing solutions, makes them a perfect fit for IDScloud,” stated David Hamilton, IDS CEO. “With the dynamic growth, we are excited to support their need for scale and flexibility. As a fully managed service, Stonebriar leaves the application management to IDS letting them focus on growing their business.”
IDScloud provides the Software-as-a-Service (SaaS) foundation for portfolio management with JDR Solutions providing additional support with business process outsourcing.
“We chose to move to IDScloud as part of our ongoing growth strategy,” stated Tim Milazzo Stonebriar CFO. “The IDS and JDR teams were able to guide the migration process to ‘lift and shift’ from our previous instance of InfoLease with minimal impact to business operations. Additionally, IDScloud provided us with the opportunity to pull forward our timing to update our portfolio management platform.”
SCF has partnered with JDR Solutions, an Indianapolis firm specializing in portfolio management and other back office services for the equipment leasing industry. JDR will provide full back office service for SCF’s complete portfolio leveraging IDScloud.
“JDR has been working with the team at Stonebriar since inception and we’re happy to continue servicing their portfolio through the IDScloud,” stated Doug Williams, JDR President. “Providing portfolio management for Stonebriar through IDScloud fits within our company’s business model of servicing clients regardless the software platform they choose.”
IDScloud is based on the same business logic and flexibility found in the industry leading InfoLease portfolio management solution. With IDScloud, this powerful back-office asset management platform is available to lessors of all sizes in an easy-to-consume, pay for what you use, cloud-based SaaS offering.
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