Inovatec Launches Next Level Loan/Lease Management System

BURNABY, BC, May 2, 2019 /CNW/ - Inovatec Systems Corp. continues to drive the evolution of the finance transaction with the launch of their new loan and lease management system. Compass Loan Management (CLM) was launched with the first partner Prefera Finance Ltd. The system is centered on the lenders' relationship with the customer and built on the force.com platform which drives seamless data integration, robust configurability and unlimited cutting-edge functionality through the app marketplace. CLM is available for both Canadian and US customers and can handle all asset types and unsecured finance products including Auto, Marine, Heavy Equipment, Power Sports, Commercial and Consumer industries.

Inovatec has built the system with an agile process builder which allows you to create processes and workflows to drive the behavior you need . . . Virtually Unlimited Configurability! Then layer and embed the best in class apps to maximize efficiencies in processes. Inovatec will allow their partners to be the first to use the latest technologies through regular system updates and advanced services to help you find the best path for your business.

"The CLM will now complete the full ecosystem of the Inovatec Platform offering." Says Bryan Smith, VP Sales & Marketing from Inovatec "From origination in Compass Direct Portal (CDP) to credit adjudication and funding management in Compass Asset Finance (CAF) to customer transaction management and servicing in the CLM. A complete, seamless start to finish, robust offering for lenders".

With simply unmatched configurability and business process automation. All of our solutions can be brought together in a single seamless and branded platform that can be opened to external partners and customers. Quick to market with new business lines and quick to adapt with self-configurable changes.

"The marketplace for loan & lease management systems is littered with legacy systems that have not kept pace with the changing technology environment and the evolving lending landscape." says Erik de Witte, CEO of Prefera Finance "We were looking for a robust modern-day solution that can evolve with our business, the ever-changing digital customer and increasing regulatory requirements. Along with CDP and CAF, in Inovatec's CLM we found an integrated and robust revolutionary platform that will meet our needs for the foreseeable future."

SOURCE Inovatec Systems Corporation

Bryan Smith, Inovatec Systems Corp., E: [email protected], P: [phone]