International Decision Systems® Expands Automated Workflow Capabilities
Minneapolis, MN (October 15, 2009) -- International Decision Systems® (“IDS”) today announced expanded out of the box workflow capabilities for lessors and lenders to automate processes, improve efficiencies and decrease costs.
With this latest innovative packaging of native workflow and business rules capabilities, IDS now provides an even broader range of ready-to-deploy workflow automation for Rapport® front-office origination and ProFinia® back-office portfolio and asset management. New workflow solution packages speed time to market and include configurable, data-driven triggers that automate processes such as:
- End-of-term Management and Asset Valuation – Streamline and automate end-of-term management including asset valuations, returns and renewals by configuring expiration dates; contractual purchase, return and renewal clauses; and escalation processes. Improve the timing and process to research and communicate the asset fair market value. Also automate renewals, pick-up orders and terminations which can be completed asset-by-asset to allow full flexibility or with an agreement wide decision.
- Insurance Expiration – Automate insurance policy expiration management and ensure continuity through configurable escalation processes. With this automation, user worklists are updated and customer communications are automated.
- User-triggered Automation – Empowers users to manually initiate workflow to automate processing or update a worklist -- when data-triggered automation is not possible. A typical example: correcting a misapplied payment identified by a collector.
“These new out of the box workflow innovations result from ongoing market research with our more than 250 customers operating in 34 countries, as well as our sustained product development investment that is unparalleled and significantly larger than any other global provider,” said Todd Davis, CEO of IDS.
To learn more about these new workflow automation capabilities, visit International Decision Systems at Booth #7 at the ELFA 48th Annual Convention in San Diego, California on October 18-20.
About International Decision Systems
International Decision Systems, Inc. is a leading provider of asset finance origination and portfolio management software and solutions. Our 30 years of history enable us to deliver operational efficiency, flexibility and compliance to over 250 financial institutions and equipment manufacturers worldwide. The majority of our diversely accomplished staff of global professionals are focused on product development, and we offer the largest and most experienced global development, consulting, implementation, and support teams in the asset financing industry. Headquartered in Minneapolis, Minnesota, International Decision Systems also has offices in London, Singapore, Sydney, and Bangalore. For more information, visit www.idsgrp.com.
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