TAO Solutions, a leading global vendor of software solutions for structured finance and credit asset processing is delighted to announce that LeaseSPARK has been enabled to provide corporate search functionality across all jurisdictions in Canada, making it the first integrated leasing and finance software platform to have such capabilities.
Debuted at the Canadian Finance and Leasing Association (CFLA) annual conference last year, LeaseSPARK is a modern, cloud-based, end-to-end solution for the complete business lifecycle of asset finance and leasing, including origination, credit adjudication, booking, and servicing, all delivered in a pay-as-you-go, software as a service (SaaS) package focused on the needs of the Canadian industry. To bring this leading-edge functionality to fruition, TAO Solutions has partnered with a leading national corporate search and registration provider to incorporate corporate search features into the LeaseSPARK platform.
The introduction of corporate searches within the TAO Solutions product portfolio represents the companys on-going commitment to product evolution backed by a team of technical experts and robust partnerships across the financial services sector. While the addition of this capability is significant, LeaseSPARK will be further enhanced with automated Debtor Search and PPSA registration/de-registration features by the end of the year. The resulting set of features will provide unparalleled functionality for Canadian lease and finance companies to increase efficiency and reduce risk.
Ryan Pereira, President and Head of Business Development commented, This new feature allowing customers to perform instantaneous searches in a fast and reliable way is just the start of a string of exciting new LeaseSPARK enhancements. Were thrilled to add significant new functionality to an already robust full solution.
“When we developed LeaseSPARK, our goal was to make a product that improves efficiencies and reduces the cost burden associated with installing and maintaining multiple pieces of software. Our partnership with a search and registration services market leader contributes to this vision and we are very excited to share this development with our customers.
About TAO Solutions
TAO Solutions is a leading global vendor of dynamic software solutions for structured finance and credit asset processing designed to assist banks, financial institutions, and independent lenders with the intractable challenges of origination, adjudication, servicing, and interfacing asset portfolios to capital markets funding. The company offers unique products that are responsible for automating more than a half-trillion dollars in assets on a daily basis. Based in Toronto, Canada, TAO Solutions is both a Microsoft Gold Certified Partner and a SOC 2 Type 2 accredited service organisation.