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Flexx Selects Cloud Lending Solutions to Shorten Time-to-Market on Equipment Lease Financing Offerings

Flexx Leasing Program to streamline and increase efficiency of lending process through a single vendor cloud-based platform

Cloud Lending Solutions, a cloud-based end-to-end lending platform, today announced that Flexx, a nationwide provider of forklift rental and leasing programs, has selected CL Originate™ to automate and simplify the origination and underwriting process and CL Lease™ to enable efficient servicing and asset management for leased equipment.

According to CapGemini Business Technology Performance Index 2015/2016, 40% of companies who offer equipment financing programs, report back-end platforms don’t meet current needs.

“Cloud Lending Solutions allows us to automate the entire leasing process, on a single system, from evaluating financial applications through servicing, collections and asset disposal. By leveraging the platform, we will be able to lower our operating costs, speed time to market and maintain strong relationships with our customers to improve their overall experience,” said Mike Sheehan, President of Flexx.

Flexx needed a solution to automate and simplify its leasing process while simultaneously improving operational efficiency. CL Lease simplifies lease servicing and collections, and provides detailed view of leases complete with aging and approvals.

“Flexx’s equipment leasing program is growing at a rapid pace and needs to keep up with demand,” said Snehal Fulzele, CEO of Cloud Lending Solutions. “CL Originate and our newest product, CL Lease, enable Flexx to streamline their processes and workflows, integrate their 3rd party applications, and consolidate their data so that they can be alert to new opportunities and more effectively serve their customers. We are proud Flexx chose Cloud Lending Solutions as their trusted partner to deliver leasing applications that drive innovation.”

Flexx is one of the leading national providers of material handling and battery equipment solutions on a rental, lease and maintenance basis. “With extensive experience in creating and deploying unmatched and unique material handling solutions which reduce client spend while increasing client operating flexibility, Flexx focuses on understanding middle market companies to large Fortune 1000’s clients’ production, distribution and retail operating environments and making strong fleet optimization solution recommendations,” added Sheehan.