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.

FinDEVr New York 2016 is coming up on March 29 & 30. Register today to save your seat.

Cloud Lending Solutions has landed $8 million in new funding. The series A round was led by SF Capital Group, who will send its president, Neil Wolfson, to the company’s board of directors.

Also participating in the round were Cota Capital, Long Light Capital, Green Visor, and Epic Ventures. Combined with $2.25 million raised by Cloud Lending Solutions during a pre-series A round last year, the company’s total capital stands at more than $10 million.

Cloud Lending Solutions CEO Snehal Fulzele demonstrated CL Exchange at FinovateSpring 2015 in San Jose, California.

In a statement, Cloud Lending Solutions CEO Snehal Fulzele said the new funding would help the company expand to new markets such as commercial real estate and SMB lending. “(These) are trillion-dollar industries ripe for disruption,” Fulzele said. Read more of his thoughts on the investment, and Cloud Lending Solutions’ place in the industry, in his Wednesday blog post, “An $8 Million Stake in an $800 Billion Market.”

Cloud Lending Solutions provides end-to-end lending solutions that are native to Salesforce. Able to bring its customers to market in as little as 90 days, Cloud Lending Solutions has more than 75 customers in 20-plus countries. This includes fellow Finovate alums such as Dealstruck, whose CEO Ethan Senturia referred to Cloud Lending Solutions as the “technology partner to make our vision a reality.”

Founded in 2012 and headquartered in San Mateo, California, Cloud Lending Solutions demonstrated its CL Exchange technology at FinovateSpring 2015 in San Jose.