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Leasepath Launches with PMD Business Finance

April 06, 2021, 07:18 AM
Filed Under: Industry News

Leasepath announced the successful live deployment of its Finance Origination (LOS) and Customer Engagement (CRM) platform with Manchester-based asset finance broker PMD Business Finance. One of the largest independent finance brokers in the United Kingdom, PMD is leveraging the Leasepath platform to increase its team’s capacity and empower employees to build better relationships with clients through added efficiencies, improved operational performance and streamlined deal flow with their funding sources of choice.

The Leasepath Intelligent Workplace platform will support PMD’s current and anticipated growth by enabling the company to become faster and provide better support to its customers. Specifically, PMD is using Leasepath’s sales-to-order workflow, document generation, dealer/vendor portals, and other automation capabilities to relieve team members of oft-repeated workload, freeing them to focus on their areas of expertise.

“We see where the technology landscape is moving in the asset finance industry and, quite frankly, we think that we’re getting ahead of where our competitors will be in five years or more,” said Rob Dermody, PMD Director. “By partnering with Leasepath, we expect to realize an increase in our throughput and enable PMD to reach more customers and empower us to build stronger relationships with them. We also get room to grow with their platform over time, and the direction they are taking with their Intelligent Workplace platform is exciting.”

PMD chose Leasepath to increase their organizational capacity, centralize front and back-office solutions and gain the agility to move where their markets demand. The company is leveraging Leasepath to reduce friction in their sales cycle, thus speeding up their customer service processes without sacrificing security. Additionally, the company sought to modernize its core systems by moving to a fully digital, cloud-first environment, simultaneously future-proofing against more disruptions stemming from the COVID-19 pandemic, reducing technical strain and IT costs, enabling more agility with respect to finance products, and making available more UK-based talent for the growing team.

“PMD made a commitment to embrace the new ways of doing business made modern by the pandemic,” said Jeff Bilbrey, Leasepath CEO. “They were clear that being cloud-first, digital-first was critical to them. They want to be ready for emerging technologies to make a major impact on the asset finance industry, and with their new Intelligent Workplace from Leasepath, they’re prepared to do just that. They’re a rising star, and we are delighted to be partnering with them in their growth.”

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