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Navitas Expands Electronic Document Offering

November 30, 2016, 07:00 AM
Filed Under: Industry News

Navitas Credit Corp., a national commercial finance company, announced the corporate expansion of EZ-Docs, its electronic documents service, which completely digitizes the entire transaction delivery and management process.  The technology was initially deployed in the fourth quarter of 2015 and enables equipment sellers and business borrowers to expedite financing transactions by delivering a paperless processing environment.  Executing documents is automated and there is no need to print, scan, fax or provide wet-ink original signatures. 

The second phase of the Navitas EZ-Docs initiative was completed in the third quarter of this year and has now been deployed to the user community.  The new functionality transformed the product from strictly an electronic document delivery system to supporting the entire transactional workflow.  Once documents are returned, internal users now have the ability to amend or add to the “electronic envelope” and then resend to the customer.  New operational processes have been added that reduces manual intervention while expediting service delivery.  As part of this phase of the project, additional business divisions and users were added, resulting in the majority of the organization being able to offer the electronic document service.

Gary Shivers, President and CEO of Navitas states, “As part of our on-going technology transformation we have been seeking solutions to simplify the way we do business in order to enhance the customer experience.  The continued Integration of electronic documents into our organization is a key component in helping achieve this objective.  The company experienced a significant increase in operational efficiencies with this latest release of EZ-Docs.  This technology makes it easier to do business with us and gives our customers a much more efficient way of achieving their financing goals.  We plan on expanding this offering over the next several quarters and look forward to delivering a fully automated document management and storage capability.”

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