Ivory Consulting Corporation announced the release of its new Asset Management Solution (AMS) that was built in conjunction with the asset management department of a leading bank’s equipment finance division.

AMS is the equipment finance industry’s first workflow driven, end-to-end asset management solution designed to manage the entire asset management operation – valuation, disposition and remarketing – of an equipment finance enterprise.

“Today more than ever, there is a clear need to migrate away from manual processes that require asset managers to spend too much time maintaining spreadsheets and gathering documents scattered across a series of disjointed systems,” said Scott Thacker, CEO, Ivory Consulting Corporation. “AMS simplifies compliance procedures, improves auditability, streamlines operations and enables data-driven decision making. This provides asset managers with quick, accurate and more profitable asset valuations and disposition activities.”

Asset Management Solution Benefits

• Increase organizational collaboration across all business functions by performing asset management activities inside a single enterprise software solution, resulting in improvements in efficiency and accuracy of data;
• Enhance auditable processes and single-source information about all asset management activity via a centralized database;
• Improve business security around all asset management functions by incorporating comprehensive internal controls; and
• Streamline operational processes and mitigate the risk of human error by replacing a spreadsheet/email-driven system with enterprise software.

Ivory Consulting, based in Walnut Creek, CA, is a provider of modeling and pricing software for the equipment finance industry.