IDS, a provider of asset finance and origination software, announced North Star Leasing Company (NSL) is live on the 100 percent Software-as-a-Service (SaaS) IDScloud platform. An IDS customer since 1987, NSL becomes the first to migrate its on-premise InfoLease portfolio to IDScloud.

IDScloud delivers complete infrastructure and application management of the platform allowing NSL to focus on expanding its specialized leasing business.

“North Star Leasing is committed to providing customers with the best possible equipment finance solution to meet their growth needs,” said Dan Feeney, CEO of NSL. “Our strategic decision to move our portfolio to IDScloud was based on a combination of the product’s depth of functionality and the consumption-based pricing model based only on our use of the system. The transition was extremely smooth and met all of our needs. With IDScloud, we have a clear path to expand capabilities and add new features and integrations as we grow our business.”

NSL has been serving the leasing needs of growing businesses since 1979. Located in Burlington, VT, NSL provides equipment financing to the micro-ticket leasing industry and has been using IDS software since inception. NSL provides specialized lease solutions across numerous asset classes including automotive, construction, manufacturing, medical and transportation.

“North Star Leasing Company is a great business partner and we are excited about being able to support them with their future growth plans,” said David Hamilton, CEO IDS. “With their new IDScloud deployment, NSL will enjoy the full capability of our InfoLease solution as a scalable, secure, highly resilient and cost-effective service. Through IDScloud, NSL have access to an ever-growing eco-system of integrated services designed to support their business across the value-chain.  The team at NSL will be able to focus on their business while their mission-critical applications are expertly serviced by IDS.”

IDScloud offers the full capability of IDS’ market leading Rapport origination and InfoLease portfolio management solutions along with integrations to an ecosystem of leading third-party services including credit bureaus, e-signature, CRM, sales tax, insurance and payments. In addition to onboarding new customers in a short amount of time, the solution is highly configurable and allows customers to adapt quickly to changing sales and servicing needs in their front, middle and back office. IDScloud provides comprehensive support for a full range of asset classes, deal sizes and deal types. With IDScloud, customers only pay for what they use, enabling the solution to scale in line with customer growth and as their business requirements change.