Flexx Selects Cloud Lending Solutions to Shorten Time-to-Market on Equipment Lease Financing Offerings

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Flexx Leasing Program to streamline and increase efficiency of lending process through a single vendor cloud-based platform

Cloud Lending Solutions, a cloud-based end-to-end lending platform, today announced that Flexx, a nationwide provider of forklift rental and leasing programs, has selected CL Originate™ to automate and simplify the origination and underwriting process and CL Lease™ to enable efficient servicing and asset management for leased equipment.

According to CapGemini Business Technology Performance Index 2015/2016, 40% of companies who offer equipment financing programs, report back-end platforms don’t meet current needs.

“Cloud Lending Solutions allows us to automate the entire leasing process, on a single system, from evaluating financial applications through servicing, collections and asset disposal. By leveraging the salesforce.com platform, we will be able to lower our operating costs, speed time to market and maintain strong relationships with our customers to improve their overall experience,” said Mike Sheehan, President of Flexx.

Flexx needed a solution to automate and simplify its leasing process while simultaneously improving operational efficiency. CL Lease simplifies lease servicing and collections, and provides detailed view of leases complete with aging and approvals.

“Flexx’s equipment leasing program is growing at a rapid pace and needs to keep up with demand,” said Snehal Fulzele, CEO of Cloud Lending Solutions. “CL Originate and our newest product, CL Lease, enable Flexx to streamline their processes and workflows, integrate their 3rd party applications, and consolidate their data so that they can be alert to new opportunities and more effectively serve their customers. We are proud Flexx chose Cloud Lending Solutions as their trusted partner to deliver leasing applications that drive innovation.”

Flexx is one of the leading national providers of material handling and battery equipment solutions on a rental, lease and maintenance basis. “With extensive experience in creating and deploying unmatched and unique material handling solutions which reduce client spend while increasing client operating flexibility, Flexx focuses on understanding middle market companies to large Fortune 1000’s clients’ production, distribution and retail operating environments and making strong fleet optimization solution recommendations,” added Sheehan.

About Cloud Lending Solutions
Cloud Lending Solutions is a cloud-based, end-to-end lending platform delivering innovation to the global lending community. Unlike legacy technology platforms that are expensive to maintain and prevent agile response to market conditions, Cloud Lending Solutions’ clients take back control of their business by quickly implementing, extending, and digitizing the entire lending lifecycle. Cloud Lending Solutions’ single system of record is the market leading cloud solution supporting both consumer and commercial lending that scales for the needs of lenders of all sizes. Clients include banks, traditional finance companies, online lenders, and marketplace platforms. For more information and to see how we can help you, please reach us at info(at)cloudlendinginc(dot)com or on our website http://www.cloudlendinginc.com.

About Flexx
Flexx is a brand independent material handling solutions provider which focuses on delivering client specific solutions designed to increase operating productivity, safety, term flexibility while reducing client overall category spend. With in excess of 30 years of operating experience in the materials handling equipment, unique pay as used Power Solutions, maintenance and financial services sectors, Flexx is uniquely positioned to deliver unique solutions that exceed expectations. For more information on Flexx, please reach out to us at info(at)flexxrl(dot)com or visit us on our website http://www.flexxrl.com.

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Marlena Fernandez
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