Equipment Leasing and Finance Association - Equiping Business for Success

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Q2 Cloud Lending


Program Name:

Lease Portal, Originate, Servicing and Collections

Type:

A complete End-to-End, Cloud Based, Configurable Equipment Finance Software built on extendable Salesforce platform providing unlimited possibilities.

Description:

Q2 simplifies the leasing experience with a cloud-based platform providing straight-through processing. Uniquely designed and built to meet the needs of lessors and lease originators across the globe. It offers an asset-based finance solution that allows you to quickly expand your business and meet the ever-changing market needs at the scale your business demands.

With Q2 you can:
•     Easily handle multiple credit underwriting processes, and manage by channel, funder, and leasing product
•     Automate and effectively manage the entire lease lifecycle, from application through origination, underwriting, servicing, asset recovery, and collections—allowing for structured leases, fees, and charges
•     Quickly conduct complex accounting, billing, and servicing associated with externally funded leases, enabling lessors to track investor positions and correctly account, bill, and service

Recent Enhancements:

Focuses on asset management and profitability, and support of asset-based and usage-based revenue models:
•     Variable Rate/Usage-Based Billing: Create usage-based charges for their customers, such as charges for miles driven, or number of copies printed
•     Vendor programs: Manage vendor programs complete with points, products and terms and conditions
•     Financial spreads: Spread financials electronically complete with trend analysis and multiple statement views and annualized interim statements.
•     Interfaces (API) to perform common functions like terminations, restructures and contract booking
•     Manage funding with advance and deposits collected by dealers/vendors
•     Workflow and business logic delivered via packaged Micro-Workflows involving rules, documents, business logic, third party integrations/data, policy conditions etc.
•     End to end asset life cycle tracking

System Configuration:

Cloud-based and built natively on Salesforce.com

Vendor:

Q2 Cloud Lending
10355 Pecan Park Boulevard
Austin, TX 78729USA

Web Site: https://www.q2.com/commercial/equipment-leasing

Contact:

Fiona Gellatly
Phone: (612) 817-8733
Email: fiona.gellatly@q2.com

Social Media:


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