Oneplace Capital increases equipment financing efficiency
Omaha, NE--LeaseTeam, Inc., a solution provider in the equipment and finance marketplace, and eOriginal, Inc., a digital transaction firm, have announced a collaboration that delivers a fully digital transaction management (DTM) solution for OnePlace Capital, an equipment financing company servicing U.S. medical, dental, and veterinary practitioners. The joint solution provides OnePlace Capital with increased efficiency and control of their business processes to decrease costs and better serve their vendors.
Headquartered in West Des Moines, Iowa, OnePlace Capital, a division of Bank Midwest, serves the healthcare industry by providing leading institutions and practitioners with more purchasing power to acquire additional and leading-edge healthcare equipment. The company features a financing model where every loan is designed to fit the specific needs of the requesting healthcare practice. The team at OnePlace Capital came to LeaseTeam and eOriginal to simplify its loan origination process and reduce its sales cycle, while still providing a customizable level of customer support and financing.
“Our partnership with eOriginal and LeaseTeam enables us to increase our efficiency with our loan origination processes, while still providing exceptional customer service,” said Scott Stewart, president of OnePlace Capital. “Every loan we process, no matter the size, costs our company the same amount of time and money to originate. By leveraging this technology, it’s a win-win situation. We decrease our average transaction time, while better serving our vendor partners and borrowers.”
The joint DTM solution puts OnePlace Capital on the cutting edge of the equipment finance industry. LeaseTeam’s ASPIRE™, a lease and loan management solution, significantly reduces human error that disrupts the ability to close loans for equipment leasing, while also avoiding the majority of the costs related to traditional ink-and-paper processes. This improves the customer experience by optimizing processes that ensure valid information on documentation to reduce delays for corrections by customers and vendors.
“Paper will soon become a thing of the past within the equipment leasing industry,” said Dan O’Malley, president and CEO of LeaseTeam. “As competition continues to grow within the industry, companies like OnePlace Capital will be able to conduct business in a better and more efficient manner, attracting more customers and increasing their financing opportunities.”
With LeaseTeam’s ASPIRE paired with eOriginal’s eAsset® Management Platform, OnePlace Capital can manage and protect their financial eAsset documents throughout their lifecycle with compliant securitization in a fully digital environment. The platform also provides the company with the ability to transfer documents electronically through the document custodian, decreasing the transfer time significantly.
“OnePlace Capital’s digital transformation has moved the company into a new era,” said Stephen Bisbee, president and CEO of eOriginal. “eOriginal has long been a leader in bringing innovation to the equipment leasing industry. We are confident that the implementation of our DTM solution will allow OnePlace Capital to maintain the highest levels of security and compliance, while serving their internal needs of regulating their business processes.”