Some details
Armada Labs was challenged to fine-tune the lease application processes with the latest technology innovation while preserving the ability to obtain customers’ credit data and reports from the third-party credit bureaus.
We designed and developed a multi-tier software solution with the primary focus being placed on data security, technology savviness and quality assurance leveraged for better credit
accessibility and management.Our software allows to handle financing in American shops on B2C lease and enrolls the whole loan life cycle including:
· Loan initiating, applications review, assessment, approval, and denial — all in real-time mode, The fast and easy application and credit approval are the key to customers satisfaction that translates into increased sales for the dealer partners.
· Electronic lease contract formation, Integration with DocuSign facilitates online lease agreements storing them and allowing for field changes directly from a mobile device.
· Transactional operations, disbursal and payment processing, The software automatically deducts regularly scheduled payment from the customer’s bank account.
· Individual installment plan creation in reliance to the general one, The payment plan is determined by individual payment frequency and the cost of the purchased item.
Operation reporting for Clients, Users and Store Houses. The full set of records about approvals, funded details, sales metrics, past due balances and many more are completely transparent and available for both customers, dealers and the storehouse for 24/7.