Customers leaving older systems can continue to use their existing SuperTRUMP data and templates as they transition to ASSET, streamlining the transition to a new system and reducing implementation costs significantly.
(PRWEB) February 18, 2010
Constellation Financing Systems has announced the enhancement of its ASSET portfolio management system with the integration of equipment leasing industry’s standard pricing technology. By offering the capabilities of SuperTRUMP from Ivory Consulting within its core equipment finance solution, Constellation enables ASSET users to quickly and accurately calculate taxes, accounting entries, cash flows and termination values in investments ranging from simple single-investor leases, operating leases and straightforward loans to highly structured leveraged leases.
Constellation Financing Systems Vice President David Taylor commented, “We are gratified to be able to extend the power of ASSET by combining our system with the industry’s most powerful lease pricing software. ASSET users can now access the full capabilities of SuperTRUMP without ever having to switch screens or applications. This integration not only minimizes the learning curve for new SuperTRUMP users, it also eliminates the need for repetitive keying-in of information, allowing ASSET users to get their customers the answers they need without delay.”
Ivory Consulting’s SuperTRUMP is already in use throughout all niches of the commercial equipment leasing industry, by lessors, lenders, lessees, advisors, brokers and syndicators. In offering industry-standard lease/loan pricing technology within its core equipment finance system, Constellation Financing Systems strengthens its position among leasing technology providers, offering a fully asset-based portfolio management and accounting system with the power of SuperTRUMP now included.
Chris Ivory, president and owner of Ivory Consulting, provider of SuperTRUMP, commented, “We are delighted to welcome Constellation’s ASSET to the list of equipment leasing systems that utilize the unrivalled power of SuperTRUMP to manage the challenging financial analysis and optimization calculations needed for commercial asset lease and loan transactions. We salute the Constellation Financing Systems technology team for an integration thoughtfully planned and well executed.”
The new interface to SuperTRUMP will simplify the replacement of competitors’ systems with Constellation’s ASSET, as a growing number of equipment finance providers start to plan the purchase of technology to replace older legacy systems that are becoming increasingly burdensome to support within contemporary banking and manufacturers’ IT infrastructures. Customers leaving older systems will be able to continue to use their existing SuperTRUMP data and templates as they transition to ASSET, streamlining the transition to a new system and reducing implementation costs significantly.
The SuperTRUMP interface will be immediately available for users of Constellation Financing Systems’ ASSET portfolio management and accounting system in the U.S. and Canada.
About Constellation Financing Systems
Constellation Financing Systems Corp., a division of Constellation Software Inc., is a premier software and service provider of leasing software and loan management software, including CRM, origination, credit and document management to leading financial institutions, leasing companies, and equipment manufacturers. Constellation Software Inc. is listed on the Toronto Stock Exchange (CSU). For more information please visit us on the web at http://www.constellationfs.com.
About Ivory Consulting Corporation
Since 1983, Ivory Consulting Corporation has provided state-of-the-art lease analysis software for the leasing industry. The company's software products, including its SuperTRUMP application, are the commercial equipment finance industry's accepted standard for lease/loan pricing and portfolio analysis. Over 3,000 people in more than 150 companies worldwide use the Walnut Creek, California-based company's solutions. Ivory's customers are among the world's leaders in finance and leasing, including the world's leading banks and manufacturing captives as well as independent lessors, equipment finance advisors, brokers and syndicators. For more information, visit http://www.ivorycc.com.