Cloud Lending Solutions’ latest offering will help it access the equipment and vehicle leasing markets.
CL Lease is a cloud-based asset leasing solution which facilitates convenient servicing and asset management for institutional, independent and captive lessors. The fully integrated solution cuts a product’s time to market lowers operating costs and enhances the borrowing experience, CEO Snehal Fulzele said.
There are four key benefits. Clients can easily initiate and maintain all aspects of the lease. Modifications are easily completed. Leased assets can be managed throughout the life cycle and delinquent accounts can be more proactively managed.
“The leasing industry is growing at a rapid pace and traditional lessors have not been able to keep up with demand,” Mr. Fulzele said. “CL Lease allows lessors to stay nimble and delight borrowers while offering a comprehensive view into their business operations and systems.”
“Lessors now can easily scale and grow their business to remain competitive in a dynamic market.”
CL Lease delivers a single system of record automating a lease’s life cycle, while offering the security and compliance capabilities of the Salesforce platform. Client Chrome Capital is looking forward to employing CL Lease, its CEO Peter Wasner said.
“With dealerships across the country processing large numbers of lease applications annually, we need a system that enables us to service our customers at the speed of their ride. With CL Lease, we will be afforded unprecedented visibility into our lease life cycle which will give us greater insights into our business and allow us to adapt quickly to market changes.”