Asset Finance Solution
Transform your asset finance lending business with integrated decisioning and workflow management in Zoot’s agile solution. Commercial lending is traditionally heavily reliant on manual intervention, where people driven processes and out of date information are rife. Zoot’s service will support all your growth objectives by bringing together world class process and decision automation with the latest data sources.
Digitalised Asset Finance Origination
Zoot’s digitalised all-in-one asset finance origination solution is designed to deliver decisions quickly. Brokers and customers want quick decisions and competitive offers and they have a range of loan providers to choose from. In a market where it can take days to put together a finance application in the first place, followed by extensive manual assessment this is difficult to achieve with current processes.
You need to make quick decisions to keep and grow market share but you also need to ensure quality is maintained. Developing this capability is constrained by inflexible systems that take time and money to change and legacy processes that you can’t scale without scaling the cost.
Zoot provides the platform for efficient change with the agility to enable ongoing innovation at pace.
Faster and smarter asset finance
Zoot’s asset finance solution provides the platform to implement innovative advanced analytics, automation capabilities, and control of product and pricing configurations to ensure the best offer is made to the customer. Seamlessly combining a decision engine and underwriting in one solution allows you to start optimising your processes from day one, then migrating decisions from manual teams into the decision engine in line with performance analysis and strategy testing, to increase the proportion of straight through decisions.
Add to this the ability to add new data sources, such as Open Accounting, into the customer journey and Zoot allows an asset finance lender to become an agile lending operation, ready to grow and scale without scaling cost. Quick decisions with reduced requirements to prepare the loan application will also make a lender more likely to be a first choice for a broker.
Technology enabled growth for Asset Finance Companies
Traditional decision engine providers you may be using today are often constrained by legacy technology and processes which typically result in an imperfect decisioning platform that is not as fast, flexible, cost-effective and scalable as it should be. Hand-offs to a manual decisioning workflow make the challenges of growth even worse. Zoot allows the asset finance company to plug these gaps and improve their origination and workflow to be the very best that it can be within a fully integrated system. Our cloud service gives our clients full control over their process and includes a test driven development environment that allows the lender to implement new lending strategy in minutes, add new data providers, debug in real-time, have improved visibility into the application flow and full ownership of the data model.
Asset finance solution benefits
- Add new data and services quickly for smarter decisions and improved customer journey
- Make changes quickly to exploit new opportunities
- Exploit sophisticated scoring and risk-based pricing with champion challenger testing to deliver more profitable decisions
- Automate many manual processes leaving the more complex deals to skilled underwriters
- Save costs by making changes to the solution in-house
- Provide self-service broker/dealer onboarding and management
I can’t imagine another system that’s as nimble or would enable us to test different strategies as quickly. Because of that, we’ve really been able to maximize our portfolio.