RayTech collaborates with Leasepath to launch end-to-end platform for servicing multiple companies within a single tenant solution.
Westlake Village, California, USA (November, 14 2023) — Leasepath, the leading software provider of commercial equipment finance platform technology, announced today that RayTech Servicing, a leading 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.”
About RayTech Servicing
RayTech Servicing is a third-party servicing and asset management company that provides all front- and back-office technology and processing to support loans, leases and subscription contracts for businesses and consumers. They combine new, innovative, and business-led technology with an exceptionally experienced servicing team to support their clients in the Renewable Energy, Vehicle, Fin-Tech, and Equipment Finance Industries. Their goal is to allow companies to run their financing business with a partner who brings the technology, people and processes to conduct all invoicing, payment processing, customer service, collections, sales, and property tax reporting, UCC Filing, Accounting and Reporting on their behalf in a white label program. If you would like to learn more about RayTech Servicing, visit www.ray-tech.com.
Leasepath enables the Intelligent Workplace for Equipment Finance, driving customer servicing excellence from Sales through Contract Servicing. Purpose-built exclusively for the equipment finance industry and serving Banks, Independent Finance, Captive Finance, and Brokers across North America, the United Kingdom, and Australia, Leasepath is powered by the Microsoft Power Platform to provide a proven, cloud-first solution complete with configurable, dynamic, automated solutions for structured pricing, underwriting, documentation, contract and portfolio management, accounting, payments, collections and integration with mission critical applications like Email, E-Signature, Internal Chat, Phone, and much more. Leasepath is the preferred choice to equipment finance businesses to Win Fast, Risk Less, and Profit More. Learn more about Leasepath by visiting www.leasepath.com.