Follow us:
Toggle navigation
Commercial Equipment Finance
HIPAA Compliance
Expertise
Clients
Solution7
Best-In-Class
Services
Provide
THE
Competitive Advantage
#techagnostic #techadvantage #technique
Commercial Equipment Finance
Solution7 is the best-in-class provider of technology and process optimizations that align with your strategic approach, thus providing our Clients with a
tremendous competitive advantage
.
Industry Best Practices ¦ Process Improvements ¦ Systems ¦ Automation
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
Internal App Entry Volume
Data quality & Vendor/Broker data entry
Extend Existing End-to-End System Access for outside users
Internal App Entry Volume
Data quality & Vendor/Broker data entry
Create bulk application upload capability for Portfolio Purchase
Portfolio evaluation & booking time
Data quality
Streamline application process for outside users
Vendor/Broker training requirements
Vendor/Broker User Experience & Volume
2. Credit Decision
Create Interface to Customer Data Verification for KYC and CIP compliance.
Data Entry Errors, Time to Decision
KYC Requirements
Add Credit Bureau Interface to score customer credit rating.
Data Entry Errors, Time to Decision
Manual Credit Score & Reports
Create Interface to OFAC provider to satisfy Patriot Act requirements.
Data Entry Errors, Time to Decision
Manual OFAC Check
Enable auto-decision capability through Scorecards
Data Entry Errors, Time to Decision
Volume of Manual Credit Decision
Enable Auto notification settings to alert Vendor/Broker upon approval or sales upon decline
Internal Processing Time to Decision
Vendor/Broker User Experience & Volume
3. Documentation
Automate Document Creation and Delivery for customer acceptance
Legal Document Signing Time
Data Errors in Documents
Deploy eSignature Functionality in Documents
Data Errors in Documents
Standardize document templates and implement merged functionality
Multiple Templates in Doc Dept.
Data Errors in Documents
Automate Document Delivery & Receipt
Legal Document Signing Time
4. Booking/Activation
Automate final data checks required for activation
Onboarding/Activation Time
Data Entry Errors
Apply FASB check to transaction
Onboarding/Activation Time
Incorrect Contract Types
Automate creation of General Ledger Entries
Manual Accounting Data Entry
Accuracy in Data to GL System
5. Portfolio Management
Create automated payment ability (ACH, Credit Cards)
Delinquency Rate in Portfolio
Ease of Customer Payments
Develop Online Payment Processing for End Customers
Delinquency Rate in Portfolio
Customer User Experience
Implement & Configure Auto-Renewal process
Customer Renewal Rate
Lessor Income
HIPAA Compliance
Protection of Patient Data & Sustinence of the Medical Providers’ Ability to Deliver the Optimal Level of Care to the Patient is of the Utmost Performance. Solution7’s certified Business Associates cover all Aspects of Compliance.
Security Risk Assessment ¦ Physical, Administrative, & Technical ¦ Patient Protection
The Process Lifecycle
1. Security Risk Assessment (SRA)
Conduct the SRA Review Onsite
Identification of Administrative, Physical, and Technical Risks
Categorization of the Risk Levels: High, Medium, Low
Deliverable to Client with detail of risk and recommendations
2. Immediate Remediation
Client and/or Solution7 close Immediate Risks identified in SRA
Review and identify remainder of high risk items to mitigate
Client deliverable including:
Remaining risks to be addressed;
Summation of Immediate Risks eliminated
3. High Risk Elimination
Scorecard identifying solutions and associated costs to Client delivered to Client
Identify software/hardware/managed provider Vendor(s) from Scorecard
Confirm solution strategy with selected Vendor(s), including:
Time and staffing for quick implementation
Unified threat management capability
Endpoint and Server protection offerings
Cost of near and long term services to client budget
4. Ensure Vendor(s) Deliverables
Ensure vendor(s) deliver solutions within scope
Ensure Vendor(s)(s) deliver solutions within timeframe
Document full risks eliminated by Client
5. Proactive Compliance
Assure Client is positioned going-forward for routine Security Tests
Advise client on cyber-insurance options and ransomware prevention
Interact with Vendor(s) on client’s behalf as needed
Expertise
Solution7 offers a unique blend of
technological excellence
and
business acumen
. The result is increased profitability for our clients; both for the present and the future. Our specializations include:
Technology ¦ Industry Best Practices ¦ Automation ¦ Security
Areas of Specialization
Equipment Finance
System Implementations
Documentation of Requirements
Scope Definition & Enforcement
Gap Analysis & Mitigation Plan
System Design
UAT Support & Go-Live Launch
Transaction Pricing including Multiple Quotes
Risk Based Pricing
Automation and Ease of Application Entry
Automation of KYC, Bureau Reports, & Auto-Scoring via Scorecard
Auto-Decisioning & Workflow Design
Automation Document Generation, E-Signature,
Expedited Onboarding Process
Portfolio Management Optimization, Automated Payments, Auto-Renewals,
Asset Remarketing
Analyitics: “3v’s”: Volume, Variety, Velocity
HIPAA Compliance
SRA Assessments
Physical, Administrative, & Technical Risk Documentation & Remediation Plan
Cost/Benefit Analysis & Patient Data Protection Scorecard
Mitigation of Immediate High Risk Items
Vendor Negotiation on Technical Risks:
Endpoints
Servers
Network
Penetration Testing
Ongoing Monitoring of Compliance
Client Training & Documentation
Disaster Recovery Plans
Systems Expertise
IDS InfoLease 9F/IL10®
IDS Rapport®
LeaseTeam, Inc. Aspire™
Odessa LeaseWave®
Copernicus Solar©
Nortridge Software®
Sophos®
Kaspersky®
Barracuda®
Cisco/Meraki®
TrendMicro®
Ivory SuperTRUMP®
TimeValue T-Value®
InfoAnalysis®
FastQuote™
Coding & Certifications
UniBasic
Unix/Linux
SQL/PHP
XSL/XML
HTML/CSS
JavaScript/Java
JSON
C#/C++
Python
HIPAA Business Associates
HIPAA Security
Clients, Partners, and Customers Include:
We are proud to provide our Clients with cost-effective & profitable solutions to their mission critical business issues.