TAO Solutions Debuts LeaseSPARK Asset Finance Solution at CFLA 2017

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TAO Solutions, the leading global vendor of software solutions for structured finance and credit asset processing, debuted the LeaseSPARK platform today at the Canadian Finance and Leasing Association (“CFLA”) annual conference held in Kelowna, British Columbia. LeaseSPARK is a modern, cloud-based, end-to-end solution for the complete business lifecycle of asset finance and leasing, including, origination, credit adjudication, booking, and servicing, all delivered in a pay-as-you-go, software as a service (SaaS) package focused on the needs of the Canadian industry.

“We are incredibly excited to debut our latest product to assist Canadian finance and leasing companies to overcome the challenges they face in automating their business lifecycle,” said Ryan Pereira, President and Head of Sales, TAO Solutions. “LeaseSPARK is a breakthrough product for the industry that allows both small and large asset finance companies to improve sales efficiencies, simplify their credit decision workflow, and, as a cloud technology, reduce the burden and costs associated with installing and maintaining multiple pieces of software. We couldn’t be more pleased to bring this relevant product to market at the CFLA 2017 conference, where the focus this year is on digital solutions and leveraging data.”

LeaseSPARK differentiates itself in the Canadian market by providing a full-range of functionality from origination and underwriting through to servicing in an affordable, turnkey solution designed for small to medium-sized independent asset finance companies. Featuring integrated customer relationship management, document management, eSignatures, servicing, and accounting, all delivered on the cloud, users of the software can empower their businesses with the necessary automation to drive better customer experiences and remain competitive with the advent of “FinTech” challengers.

LeaseSPARK is the first product to debut within the larger SPARK suite of products, which focuses on the administration of various credit asset classes, including forthcoming support for mortgage loans. In addition to LeaseSPARK, TAO Solutions provides its successful mortgageHUB and secureHUB structured finance products, providing robust functionality to efficiently manage assets, structure liabilities and perform all necessary on-going reporting and administration within contemporary regulatory and accounting frameworks.

To learn more about LeaseSPARK please visit leasespark.com.

About TAO Solutions

TAO Solutions is a leading global vendor of dynamic software solutions for structured finance and credit asset processing designed to assist banks, financial institutions, and independent lenders with the intractable challenges of origination, adjudication, servicing, and interfacing asset portfolios to capital markets funding. The company offers unique products that are responsible for automating more than a half-trillion dollars in assets on a daily basis. Based in Toronto, Canada, TAO Solutions is both a Microsoft Gold Certified Partner and a SOC 2 Type 2 accredited service organization.

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Business Wire: 13:00 GMT Wednesday 13th September 2017

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