Leasepath, the software provider of commercial equipment finance platform technology, announced RayTech Servicing, a provider of outsourcing and asset management solutions for the equipment, vehicle and renewable energy finance industries, has successfully gone live with Leasepath Enterprise, the cloud-first equipment finance originations and portfolio servicing platform powered by Microsoft Dynamics 365 and the Power Platform. Leveraging this new state-of-the-art technology, RayTech offers a more comprehensive suite of services for facilitating and approving finance applications and contract servicing from inception to termination.
Leasepath’s mission to create an Intelligent Workplace for everyone through beautiful design is a belief shared by RayTech Servicing. RayTech’s leadership has a distinguished history of founding, owning, and operating other prominent servicing companies. RayTech’s core mission is to deliver exceptional client centric service, omni-channel contact center support for consumers and businesses, sophisticated reporting and analytics, and customized technology and processing solutions for its clients to achieve optimal results.
RayTech chose Leasepath Enterprise because it was the only system that offers a comprehensive suite of features and functionalities for both lease and loan servicing. Features like the ability for users to manage multiple companies, contracts, and portfolios in a single solution, with flexible workflows, automated processes, and real-time reporting. RayTech is also excited about how Leasepath Enterprise has given them the ability to easily build additional functionality within the Power Platform, enabling them to innovate to their unique needs.
RayTech was the original collaborator with Leasepath on Leasepath Enterprise and has been an incredible partner and extremely influential in enabling Leasepath to ensure the capability to service many kinds of customers, contracts, and portfolios seamlessly in a single solution. RayTech's expertise and feedback have helped shape Leasepath Enterprise into a robust and reliable platform that meets the needs of the lease and loan industry.
"We pushed Leasepath to quickly build more sophisticated capabilities to support our complex portfolio servicing needs, and they responded. Being the first customer to go live on Leasepath Enterprise gave us the opportunity to partner with a great team on this groundbreaking project," said Melissa Riggs, Chief Operating Officer of RayTech. "Leasepath Enterprise has transformed our servicing operations and enabled us to deliver faster, better, and more efficient service to our customers. We look forward to continuing our partnership with Leasepath and exploring new ways to leverage their innovative technology."
RayTech is already servicing multiple companies on the platform, leveraging the strength of Leasepath Enterprise being able to handle multiple companies within one tenant of the solution, allowing RayTech to achieve incredible cost savings while providing customer servicing excellence to their high-volume customers.
"RayTech is a valued partner and a pioneer in the lease and loan servicing industry," said Jeffrey Bilbrey, CEO of Leasepath. "We are fortunate to have them as our first live customer on Leasepath Enterprise and to showcase their success story. Leasepath Enterprise is a game-changer for the lease and loan industry and we are excited to collaborate with RayTech and their diverse customer portfolio needs that cover both the retail and commercial finance space."