The strategic investment in emerging technology will help Summit Funding adapt to the significant growth its business has experienced in middle-market structure finance, small-ticket vendor finance, and portfolio acquisition. By transitioning to a configurable solution, Summit may capitalize on ASPIRE’s flexible open architecture, streamlining the user experience and increasing employee productivity and overall operational efficiency.
Bryan Hunt, LTi senior vice president and chief revenue officer, said “ASPIRE’s enhanced open platform will offer our customers easier access to third-party integrations. Providing variety in ASPIRE’s core services will enhance the way organizations conduct their volume-driven business on a daily basis. In today’s marketplace, high-level efficiency is needed to drive deals to the finish line and optimize profit.”
“As a current ASPIRE v4 and LeasePlus user, we are eager to transition to ASPIRE v5 in order to build upon our recent growth,” said Summit Chief Financial Officer Carl Zwilling. “Managing lease and loan contracts across our two distinct lines of business in a single, intuitive platform, allows our team to reallocate time and energy to better serve our clients.”
The digital transformation of leasing services—reflected primarily in a rising demand for usage-based leasing and automation—has gained a new urgency today. According to Mukul Mittal, vice president of industry solutions with Q2’s cloud lending group, current events have jump-started what... read more
A mid-year analysis by the Congressional Budget Office marked down its 10-year forecast for the U.S. economy (2020-2030), finding that it could take about a decade to recover fully from the coronavirus pandemic and related shutdowns. This grim analysis was... read more