Leasepath has joined forces with Great American Insurance Group’s (GAIG) Specialty Equipment Division to deliver a revolutionary new integration. This collaboration merges Leasepath’s advanced, cloud-based technology with GAIG’s deep insurance expertise, creating a seamless, automated solution designed to enhance efficiency and customer satisfaction.
A Milestone in Innovation
This initiative isn’t just another project; it represents a significant leap forward in equipment finance technology. Cody Sanguinetti, Divisional Assistant Vice President at GAIG, describes it as “one of the most sophisticated integrations in the industry,” reflecting years of concerted effort and innovation between our teams. Sean Scampton, Senior Sales Director at Leasepath, echoes this excitement: “Our work with GAIG is a prime example of overcoming industry challenges to develop a user-friendly, state-of-the-art solution.”
Streamlining Insurance Processes
At the heart of this collaboration is an automated insurance system that drastically cuts down manual intervention. By automating the tracking and placement of insurance, we’re not only improving operational efficiency but also enhancing accuracy. This system is already live with two diverse equipment finance lenders, proving its versatility and effectiveness in addressing various business needs.
Tackling Technical Debt
One of the biggest hurdles in the industry has been the accumulation of technical debt due to outdated back-end systems. As Sanguinetti points out, many companies hesitate to change because of their reliance on legacy systems. Our joint effort helps clients navigate these challenges by investing in modern, front-end solutions that streamline workflows and improve usability.
Looking Ahead
But we’re not stopping here. Michael Baez, VP of Professional Services and Customer Strategy at Leasepath, assures that further enhancements are in the works. “We’re committed to evolving our integration to meet our customers’ growing needs,” he says. Future updates will include features like real-time insurance quotes during the lease origination process, setting a new standard for transparency and choice in the industry.
A Commitment to Excellence
Jeffrey Bilbrey, CEO of Leasepath, sums it up best: “Our collaboration with GAIG highlights our dedication to advancing the Intelligent Workplace within the equipment finance sector. We’re proud of our achievements and look forward to delivering even more innovative solutions to our customers.”
