Equipment financing and leasing software
Transform your approach to equipment financing and asset leasing with TurnKey Lender’s automated, end-to-end equipment leasing solution.
Streamline the lending and borrowing experience with AI-powered equipment leasing software
Equipment-based loan origination
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Equipment-focused loan origination is tailored to your business needs with a variety of credit product options like rent-to-own, lease-to-own, or a custom B2B or B2C financing program.
Flexible underwriting automation
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Our award-winning, proprietary AI takes care of borrower evaluation and decisioning on your terms, letting you offer an instant fully digital financing request approval.
Bank statement scoring
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Nothing speaks better to your borrower’s credibility than the structure of their income, expenses, and behavior. We pull bank statement data live and analyze it on the fly.
Automated booking and order completion
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With a process seamlessly integrated into your conversion funnel, clients will complete all your loan processing, underwriting, origination, and approval in minutes.
Personalized loan servicing
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Tested and proven by lenders of all sizes worldwide, TurnKey Lender platform lets you automate over 90% of all loan management tasks reducing cost and human error.
A fully configurable solution
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After many years of successful collaboration with manufacturers who finance their clients in-house, this solution offers unmatched configuration freedom and usability.
Easy dealer and vendor management
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Offer financing to vendors from the same interface you use to work with individual clients, and easily manage stores, dealers, and partners in one place.
An intuitive platform
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Offer an unmatched customer experience with an intuitive borrower portal, and web and mobile interfaces.
Market-leading equipment leasing software
TurnKey Lender provides manufacturers, distributors, and resellers with bank-grade credit decision automation for equipment financing, industrial machinery financing, medical hardware financing, manufacturing loan options, and more. Enhance your client’s customer experience with instant loan approval for machinery and equipment purchasing, new purchase orders, materials, and anything else in your product catalog.
TurnKey Lender’s cloud-based platform combines order processing automation, flexible business logic, loan management, reporting, and an intuitive customer portal in one single, integrated solution - making the entire financing process 100% automated, quick, and easy to use. AI-driven technology automates processes and approves loans at speed. Industry-leading scoring technologies eliminate the guesswork in lending and credit decisions, even with high-risk clients. Put sophisticated self-learning algorithms to work for your lending operations to make faster and more accurate decisions immediately.
Hyper-flexible credit product settings allow you to roll out new programs and special offers for corporate and personal financing in a matter of minutes. Work with a variety of lending models including factoring, vendor finance, rent-to-own, lease-to-own, supplier financing, inventory financing, as well as fully custom credit products – all 100% tailored to what you and your customers need.
Enterprise-grade machinery financing software that’s easy to deploy and even easier to use
Grow your business with flexible equipment leasing software
Flatten income seasonality with installments coming in throughout the year
Create custom credit products in a matter of clicks
Streamline and automate legacy processes for digital transformation
Eliminate human error and operational inefficiencies
Easily integrate with third party tools to centralize lending
Leave a lasting impression on your customers
Boost sales and increase repeated business
An easy-to-use cloud-based system with a fully digital experience
AI-driven technology approves loans in an instant
Retain full control over loans by keeping your financing in-house
Utilize bank-grade credit scoring matched to your business specifications
Reliable business equipment financing software you can trust
TurnKey Lender was selected as top software choices for SME lenders based on banking capabilities typically required for SMEs and ease-of- use.
Gartner featured TurnKey Lender in a recent report researching automation use cases aimed at modernizing loan origination and improving lending processes.
The Everest Group announced that the TurnKey Lender Loan Origination Software (LOS) leads the market in terms of market vision and capability. According to the study, Turnkey outperforms competing products in terms of ability to deliver complex loan origination…
According to a performance test by Hewlett Packard, TurnKey Lender is a flexible configuration choice on a highly scalable and reliable infrastructure.
Competing in one of the most challenging categories, TurnKey Lender has been selected as the winner of the New Product Innovation Award.
Award-winning software praised by in-house lenders worldwide
FAQS
Q:What is equipment leasing software?
- Equipment leasing software streamlines and automates the process of leasing equipment. It provides businesses with the tools and functionality to manage the entire equipment leasing lifecycle, from initial quotes and applications to contract management and ongoing customer support. Equipment leasing software helps leasing companies efficiently handle leasing applications, credit evaluations, pricing calculations, documentation, asset tracking, and other critical aspects of equipment leasing operations.
Q:What are the benefits of using an equipment leasing solution?
- Using an equipment leasing solution offers a wide range of benefits for manufacturers like you:
- It improves operational efficiency by automating manual processes, reducing paperwork, and centralizing data management. This streamlines the leasing workflow, enabling faster turnaround times and better customer service.
- Equipment leasing software also provides robust reporting and analytics capabilities, allowing you to gain insight into your leasing portfolio, monitor performance, and make data-driven decisions.
- It also enhances risk management by facilitating accurate credit assessments and ensuring compliance with regulatory requirements.
Q:What are the best practices for choosing an equipment leasing software solution?
- When choosing the right equipment leasing software solution for your business, it’s important to consider a few key factors:
- Firstly, assess your specific business requirements and ensure that your equipment financing software can meet those needs effectively.
- Save time and reduce risk by choosing equipment leasing software that uses proprietary, award-winning AI for credit scoring, borrower evaluation and automating workflows.
- Integration capabilities with existing systems and software should also be considered to ensure smooth data flow.
- Choose a solution from a reputable provider with a track record of serving the equipment leasing industry and providing excellent customer support.
- Finally, consider the scalability and flexibility of the software to accommodate future growth and changing business needs.
Q:How does equipment-based loan origination work?
- With TurnKey Lender, you get the freedom to implement equipment-based loan origination that’s fully tailored to your business. You can utilize a variety of credit product choices like rent-to-own, lease-to-own, or custom consumer financing programs. You can also integrate with your website, so that as soon as your customers choose their products, they are prompted to complete a loan application for the shopping cart. Borrowers can “pre-qualify” for a certain amount of funding before shopping in-store or online, and your equipment library can be imported into the system and automatically presented in the application form for purchase.
Q:How does TurnKey Lender analyze bank statement data for credit scoring?
- Our intelligent equipment leasing software uses AI and traditional and alternative scoring models to make sure you make the smartest financing decisions possible, by:
- Gathering insights from income and revenue analysis
- Receiving borrowers’ cash flow dynamics reports
- AML & KYC compliance data gathering
- Financial statement analysis (if required)
- Collateral valuation from your imported equipment library