California-based Cloud Lending Solutions today added to its six lending-management products by launching CL Lease which integrates into lessors’ own leasing platforms to provide an automated view of the full life of the lease on a single record.
Cloud Lending highlights four main benefits of the new tool:
- Set up payment schedules or other monthly charges
- Automate billing and flexibly recalculate changes
- Manage a lease after contract maturity
- Work with delinquent accounts to improve collections
CL Lease is available on Salesforce’s marketplace, Force.com. It can either be integrated into an existing origination platform, or work with Cloud Lending’s in-house platforms, CL Originate and CL Collections.
At FinovateSpring 2015, Cloud Lending’s co-founder and CEO Snehal Fulzele debuted CL Exchange, a platform where online loan marketplaces and lenders exchange loan applications to find the best match for their portfolio.
In a presentation at FinDEVr San Francisco 2014, the company’s CTO & Co-founder, Darpan Saini gave a presentation on how banks can take advantage of Cloud Lending’s multiple offerings.