/ Best-In-class consulting services designed to solve crucial business problems and provide our Commercial Equipment Financing clients with a measurable competitive advantage /

Services
Solution7 is the best-in-class provider of technology and process optimizations that align with your strategic approach—and provide you with a measurable competitive advantage.

Commercial Equipment Finance:

Solution7’s service offerings cover the entire end-to-end operational process from application entry through transaction renewal:

The Process Lifecycle

1. Application Submission
  • Create External Web and/or End-to-End Portal Access for outside users
  • Extend Existing End-to-End System Access for outside users
  • Create bulk application upload capability
  • Streamline application process for outside users
2. Credit Decision
  • Create Interfaces to 3rd Party Providers: Credit Bureaus, KYC, & OFAC (Lexus/Nexus/Bridger, D&B, FICO, etc.)
  • Enable Auto notification settings to alert Vendor/Broker upon approval or sales rep upon decline
  • Enable auto-decision capability through Scorecards
3. Documentation
  • Automate Document Creation and Delivery for customer acceptance
  • Deploy eSignature Functionality in Documents
  • Standardize document templates and implement merged functionality
  • Automate Document Delivery & Receipt
4. Booking/Activation
  • Automate final data checks required for activation
  • Apply FASB check to transaction
  • Automate creation of General Ledger Entries
5. Portfolio Management
  • Create automated payment ability (ACH, Credit Cards)
  • Develop Online Payment Processing for End Customers
  • Implement & Configure Auto-Renewal process

Solution 7 Optimization & Key Benefits

  • 1. Application Submission
  • Create External Web and/or End-to-End Portal Access for outside users
    arrow-downInternal App Entry Volume
    arrow-upData quality & Vendor/Broker data entry
  • Extend Existing End-to-End System Access for outside users
    arrow-downInternal App Entry Volume
    arrow-upData quality & Vendor/Broker data entry
  • Create bulk application upload capability for Portfolio Purchase
    arrow-downPortfolio evaluation & booking time
    arrow-upData quality
  • Streamline application process for outside users
    arrow-downVendor/Broker training requirements
    arrow-upVendor/Broker User Experience & Volume
  • 2. Credit Decision
  • Create Interface to Customer Data Verification for KYC and CIP compliance.
    arrow-downData Entry Errors, Time to Decision
    checkmarkKYC Requirements
  • Add Credit Bureau Interface to score customer credit rating.
    arrow-downData Entry Errors, Time to Decision
    arrow-downManual Credit Score & Reports
  • Create Interface to OFAC provider to satisfy Patriot Act requirements.
    arrow-downData Entry Errors, Time to Decision
    arrow-downManual OFAC Check
  • Enable auto-decision capability through Scorecards
    arrow-downData Entry Errors, Time to Decision
    arrow-downVolume of Manual Credit Decision
  • Enable Auto notification settings to alert Vendor/Broker upon approval or sales upon decline
    arrow-downInternal Processing Time to Decision
    arrow-upVendor/Broker User Experience & Volume
  • 3. Documentation
  • Automate Document Creation and Delivery for customer acceptance
    arrow-downLegal Document Signing Time
    arrow-downData Errors in Documents
  • Deploy eSignature Functionality in Documents
    arrow-downData Errors in Documents
  • Standardize document templates and implement merged functionality
    arrow-downMultiple Templates in Doc Dept.
    arrow-downData Errors in Documents
  • Automate Document Delivery & Receipt
    arrow-downLegal Document Signing Time
  • 4. Booking/Activation
  • Automate final data checks required for activation
    arrow-downOnboarding/Activation Time
    arrow-downData Entry Errors
  • Apply FASB check to transaction
    arrow-downOnboarding/Activation Time
    arrow-downIncorrect Contract Types
  • Automate creation of General Ledger Entries
    arrow-downManual Accounting Data Entry
    arrow-upAccuracy in Data to GL System
  • 5. Portfolio Management
  • Create automated payment ability (ACH, Credit Cards)
    arrow-downDelinquency Rate in Portfolio
    arrow-upEase of Customer Payments
  • Develop Online Payment Processing for End Customers
    arrow-downDelinquency Rate in Portfolio
    arrow-upCustomer User Experience
  • Implement & Configure Auto-Renewal process
    arrow-upCustomer Renewal Rate
    arrow-upLessor Income
Expertise

Solution7 has specialized industry knowledge of all major industry platforms—and the know how to customize technology or process solutions to ensure your leadership position in the evolving finance industry.

Our basic technical qualifications are listed below, but please contact us with your specific questions or business issues.

Coding Proficient:

  • IAQE
  • Info Trieve
  • Korn shell scripting
  • SQL
  • UNIBASIC
  • Universe
  • Unix
  • Visio
  • vi Editor
  • xsl

Systems / Functional Steps in Lifecycle Customer Relationship & User Experience

Systems Specializations:

  • International Decisions Systems (IDS) Product Suite
    • Rapport IL9 II10
    • InfoLease
  • SuperTrump

Clients, Partners, and Customers Include

We are proud to provide our Clients with cost-effective solutions to their mission critical business issues.

Contact Us

Solution7 Incorporated

17820 Howling Wolf Run, Parrish, FL 34219

Service Questions?

If you would like to contact us to discuss a future engagement or obtain additional information on how Solution 7 can support your project, please do so by using the email and telephone number provided or fill out the form.

Mark Cotton +1 (941) 776-7770

mark.cotton@solution7incorporated.com

Press Questions?

If you are a member of the press or have a marketing related inquiry, please contact Beth Mickelberg:

Beth Mickelberg: 305-951-3273

Beth.mickelberg@solution7incorporated.com

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