The enhanced capabilities provide several new benefits to customers in equipment finance
Solifi, a global fintech software partner for secured finance, announced the launch of its stand-alone pricing application as part of the Solifi Lease and Loan Pricing suite. Solifi’s SaaS Pricing Strategist application is a planning and strategy service utilized by lease and loan pricing experts to determine how financials should be structured.
This next-generation product is a feature-rich, stand-alone cloud pricing strategy service built on the proven technology of Solifi’s pricing engine that industry experts have trusted for over 35 years. Utilized by financial institutions of all sizes, experts use this tool to explore and calculate different options until the ideal structures for a loan are identified to maximize profit and/or revenue. Usage-based pricing allows organizations to offer access to multiple users, with the flexibility to expand usage with changing demands and requirements.
With Pricing Strategist, users establish structures and create templates that can later be applied to future bookings in an external system. Pricing Strategist can also be used by pricing experts to provide one-off quotes to dealers or customers prior to the application origination process.
“Pricing Strategist is just one addition to our pricing suite, with a new API solution also in the pipeline for 2024,” says Bill Noel, Chief Product Officer at Solifi. “This new application for equipment finance lenders allows customers to access pricing functionality anywhere, at any time. Using our proven expertise and 35 years of demonstrable accuracy within our pricing engine, our customers have the most up-to-date software with the newest functionality. Pricing output will always be consistent, whether this is with the standalone application or integrated with our Originations or Portfolio Management solutions.”
The key features and functionality of Solifi Pricing Strategist include:
- Easy management of product structures using templates for a variety of Lease and Loan types;
- The ability to create repeatable quotes using different product templates and options to establish the ideal pricing structure to maximize profits and/or revenue;
- Secure storage of all quotes in the cloud for easy retrieval and analysis from anywhere;
- Advanced tax calculations support, enabling the user to configure both Payment and Accounting options at the general, Federal and State levels;
- Flexible payment periods enabling users to select the desired payment period for their customer;
- Versatility with multiple “Solve-for-Options” for numerous pricing variables, such as Rental Amounts, number of payments, various Yields, Residuals, Security Deposits, and Initial Direct Costs, among others;
Comprehensive reporting, which includes various Summary, Cash Flow, Tax, Accounting, Yield, Rent, and Purchase Option reports to provide the proper data for analysis, communication, and fine-tuning.
Solifi offers a comprehensive range of pricing software solutions built on our proven and accurate pricing engine to support equipment finance lender needs. Contact us today for a free demo.
