LTi Technology Solutions announced Summit Funding Group, Inc. has committed to upgrade to ASPIRE v5 as its end-to-end lease and loan management platform. This strategic investment in emerging technology will help Summit Funding adapt to the significant growth its business has experienced in middle-market structure finance, small-ticket vendor finance and portfolio acquisition.

By transitioning to a configurable solution, the national independent firm is prepared to capitalize on the benefits of ASPIRE’s flexible open architecture. ASPIRE’s functionality and streamlined user experience will open doors to increased employee productivity and overall operational efficiency.

Bryan Hunt, Senior Vice President and Chief Revenue Officer at LTi, is confident in the evolution of this partnership, as Summit Funding Group will benefit greatly from the many additional features of ASPIRE.

“ASPIRE’s enhanced open platform will offer our customers easier access to third-party integrations,” Hunt said. “Providing variety in ASPIRE’s core services will enhance the way organizations conduct their volume-driven business on a daily basis. In today’s marketplace, high-level efficiency is needed to drive deals to the finish line and optimize profit.”

Summit Funding Group Chief Financial Officer Carl Zwilling is intrigued by the abundance of new opportunities ahead.

“As a current ASPIRE v4 and LeasePlus user, we are eager to transition to ASPIRE v5 in order to build upon our recent growth,” he said. “Managing lease and loan contracts across our two distinct lines of business in a single, intuitive platform, allows our team to reallocate time and energy to better serve our clients.”

Founded in 1993 with headquarters in Mason, Ohio, Summit Funding Group provides equipment lease and finance solutions to companies across the U.S. The firm has originated more than $3 billion in equipment lease and finance transactions to date.

LTi Technology Solutions, formerly LeaseTeam, Inc., delivers software and services to equipment finance companies throughout North America and the UK from its Omaha, NE, headquarters.