We are pleased that Beacon Funding has selected the Visual Rules Enterprise Platform to enable growth, and benefit from the use of our technology in this critical area of their business
Chicago, IL and Immenstaad, Germany (PRWEB) September 27, 2009
Innovations Software Technology, a member of the Bosch Group, today announced that Beacon Funding Corporation, a leader in the equipment financing and leasing services industry, has chosen Visual Rules Enterprise Platform to automate leasing applications.
A challenge facing many equipment lenders is keeping their sales team and underwriters informed and educated in today's constantly changing credit and leasing market. Using Innovations' Visual Rules Business Rules Management Platform has enabled Beacon Funding to take approved credit and leasing parameters and build a platform for the automation of leasing applications, workflows and integration into various rating agencies and databases.
Toby McDonough, Beacon's Vice President of Sales & Marketing, said: "Our goal remains to provide our business clients and equipment dealer partners with best-in-class service. Shortening the decisioning time on each credit application assists our vendor partners in selling more equipment. While human eyes will still review each Beacon credit application, adding the Visual Rules technology to our underwriting process will not only improve turnaround times, but allow our organization to make higher quality, more cost-effective credit decisions. The end result is a more competitive equipment financing program for our business clients."
"We are pleased that Beacon Funding has selected the Visual Rules Enterprise Platform to enable growth, and benefit from the use of our technology in this critical area of their business," said David Kim, Managing Director and CEO for Innovations Software Technology. "We look forward to continued success at Beacon Funding and are excited to be their partner."
About Beacon Funding
For the past 20 years, Beacon Funding Corporation has been a leading provider of financing solutions for equipment dealers throughout the United States. Beacon's primary business is to partner with quality equipment manufacturers/dealers making their products more affordable via its quick, convenient, application-only financing programs.
Beacon Funding Corp.
Toby McDonough, VP
3400 Dundee Road
Northbrook, IL 60062
Tel. +1 847 897-1741
Innovations Software Technology is a market leader in Business Rules Management Platforms. In addition, Innovations offers leading financial industry solutions and services for Credit Risk Management, Compliance, and Customer Relationship Management. The independent research company Forrester rates Innovations as one of the three leading companies in the Business Rules Management Platform market internationally.
Organizations in banking, insurance, healthcare, telecommunications, retail, automotive, logistics as well as IT service providers trust Innovations' products and solutions.
Innovations was founded in 1997 in Immenstaad, Germany. Regional headquarters are Chicago for The Americas and Singapore for Asia-Pacific. The company also has offices in Waiblingen (Stuttgart), Germany; and in Palo Alto (Silicon Valley), California. Since 2008, Innovations is member of the Bosch Group.
Innovations Software Technology Corp.
David Kim, Managing Director
161 N. Clark Street - Suite 4700
Chicago, Illinois, 60601/USA
Tel. +1 312 523 2147