Inovatec & TruDecision collaborate to boost portfolio performance
Inovatec Systems and TruDecision now are working together for clients in both Canada and the United States.
The provider cloud-based software solutions for finance companies recently announced it has reached an agreement with the developer of artificial intelligence and machine learning-based analytics tools that can improve portfolio performance.
Through this relationship, Inovatec customers will have access to TruDecision’s compelling analytics capabilities through Inovatec’s advanced LOS and LMS platforms, enabling finance companies to automate and improve critical processes like risk mitigation, credit scoring and decisioning, collections and cross-marketing.
Based in Irving, Texas, TruDecision serves a variety of providers, including banks, credit unions, and finance companies. Its solutions are applied in multiple lending sectors, such as automobile, motorcycle, powersports and personal loans.
The company serves lenders in both the United States and Canada and offers customers a unique “analytics-as-a-service” model that can enables clients to use TruDecision on a pay-per-use basis.
“We are always looking to work with ‘best-of-breed’ technology partners that can add significant value to our lenders, especially those innovators that can make an immediate impact in terms of reducing risk and growing the bottom line,” said Bob Metodiev, head of business development for Inovatec. “TruDecision not only ticks the boxes in terms of technology excellence, but also possesses a comprehensive understanding of the challenges and opportunities that define modern lending.
“We are eager to work with the TruDecision team and deliver the compelling analytics capabilities that can have an enormous impact on loan performance,” Metodiev continued.
Inovatec offers cloud-based LOS, LMS and consumer direct technology that can enable finance companies to streamline contract processing, decisioning and management with intelligent automation that can be configured to meet clients’ needs.
The company’s solutions also can allow finance companies to access a variety of innovative services through open APIs, giving lenders the ability to adjust workflows and leverage advanced features like analytics and alternative data to grow their portfolios and build marketshare in a highly competitive industry.
“We are delighted to work with Inovatec, which is not only the established market leader in Canada, but is also rapidly building a sizable customer base in the United States,” TruDecision chief executive officer Daniel Parry said. “We share Inovatec’s belief that every lender-regardless of size or market orientation-should have seamless access to modern analytics capabilities that can have a profound impact on portfolio performance.”
For information on Inovatec’s integrated loan origination system, loan management system, and customer portal solution, visit www.inovatec.com.