Business and risk intelligence have been increased in the latest release to better manage risk, assure compliance, and streamline operations
PARIS, IRVINE, TORONTO, SEATTLE, February 13, 2014: Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, announced today the availability of the latest release of Linedata Capitalstream, the leading lending & leasing business automation platform allowing finance organizations to gain operational efficiencies and control risk throughout the approval and on-going management during the loan and lease lifecycle.
The latest release enables lending and equipment finance teams to easily manage the regulatory burden, while turning risk management into a competitive advantage. Functional enhancements included in the new release are designed to improve the user experience, automate financial statement spreading and analysis, enhance documentation and portfolio management. Many features are designed to make it even easier to blend the ability to have consistent credit policy and decision making across multiple products and lines of business, but still providing the flexibility that individual teams need. Additionally, to speed implementation, Linedata Capitalstream includes a pre-configured model based on industry best practices.
“From the outset of the project, we knew that the Linedata Capitalstream solution would be an enterprise shift in how we process commercial loans at UMB,” said Ryan Marshall, Vice President of Commercial and Credit Underwriting. “One of the biggest hurdles to enterprise change is ensuring that your sales force adopts the new solution without impacting their ability to sell. The mobile functionality available in the new release allows my sales force access to Linedata Capitalstream while on the road and does not slow them down in reaching their sales targets. Additionally, the ability to integrate our origination and risk data into our data warehouse utilizing Linedata Capitalstream’s core data mart will give us better insight into our portfolio’s operational and risk performance.”
Commenting on the new release, Bill Hughes, Executive Vice President at Linedata Lending and Leasing in North America, stated, “In today’s regulatory environment, ensuring compliance and managing risk can take the lending or leasing team’s focus away from building relationships and growing the business.”
Hughes added, “To compete and win, our clients need to make smart and timely credit decisions that build relationships while optimizing returns. To enable them to meet those objectives, we’re offering a new release of the Linedata Capitalstream platform that provides a robust set of tools and capabilities needed to streamline credit originations while ensuring credit policy enforcement and managing risk. Linedata Capitalstream remains unique in its ability to — all on the same platform — provide institutions the path to implementing standardization and consolidation where desired, while still having the flexibility to accommodate the specific needs of individual teams or markets. Its inherent scalability allows to meet the needs of a regional bank, a global institution, or a multinational equipment manufacturer. We are constantly interacting with our customers, and a lot of what is in the new release, such as the enhanced reporting and data mart, is based on their inputs. We are excited to get it into their hands and to show it to new prospects.”
The new release is currently available to all Linedata Capitalstream’s clients and is expected to be widely adopted across the Linedata Capitalstream user community.
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 160.3 million in 2013. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.