Equipment Financing Software
Make your equipment financing and leasing more efficient using an AI-powered digital lending platform that delivers fast credit decisions, automates every part of your lending, facilitates every stage of the client journey, and helps your business thrive
Accept your clients' credit applications in an instant and provide adaptable loan and lease financing options.
Boost your average order size and decrease income seasonality by accepting payments throughout the year.
Improve client lifetime value by providing a simple and smooth financing experience.
With easy-to-use mobile and website interfaces, you can significantly enhance the customer experience.
Companies in over 50 countries apply Compassway
1. Promote sales and repeat purchases
3. Legacy procedures can easily become fully automated and efficient through digitization
4. Give no chance to human or operational error
5. Connect to any system using easy API integrations to unify your lending processes
6. Use bank-grade credit scoring tailored to your company's needs
Learn about asset leasing & equipment financing solutions from Compassway
The cloud-based system combines the manufacturer's adaptable business logic, automatic order processing, loan management, client portal, and reporting tool into a unified, integrated lending solution that makes the whole process automatic, fast, and user-friendly.
Improve the customer experience by providing fast loan approvals for the acquisition of machinery and equipment, new purchase orders, supplies, or any other product you offer.
Business-grade consumer loans & equipment leasing system with Compassway functionality
Companies miss market opportunities to their competition by using old technology to process financing applications, make decisions, choose terms and conditions, and collect payments.
Manual approval processing with several client touchpoints and Excel-based risk assessment is inefficient, time-consuming, and has low decision accuracy.
Third-party purchase financing where you must pay up to 7% of the check and cover additional costs while relinquishing control over business and client data.
Installment plans, individual and company loans, and leases require a solution that can manage a variety of financing types, scoring models, and business logic modalities.
Compassway puts you in charge by keeping your lending operations in-house. You will use a specialized solution that has been tailored to your particular needs and is fully ready to process financing applications.
Equipment-specific loan origination
API integration with your website. After selecting the items, the user is requested to fill out a loan application form for the shopping cart.
Before purchasing products online or in-store, borrowers can "pre-qualify" for a set funding amount.
You can import the equipment library into the platform and make it available for purchase in the application form.
Full risk assessment automation
You do not need to be a lender to provide financing services. Compassway automatically handles all time-consuming lending activities according to the configuration chosen by you.
Individuals and companies can get instant AI-powered credit decisions.
Cutting-edge credit scoring for guarantors based on specific rules.
Fully automated background and fraud screening.
Analysis of bank statement data in credit scoring
Obtain information from revenue and income analysis.
Receive reports on your debtors' money flow patterns.
Collect data on AML/KYC compliance.
Examine financial statement (if needed).
Calculate collateral value using imported equipment library.
Automated order completion & booking
Loan documentation is generated automatically.
Specialized client portal.
Payments to vendors/dealers and automated fee calculation.
A dedicated loan management and servicing solution for your financing needs
Customers can do repayments either automatically or via the client portal.
Debtors can be emailed loan statements on a monthly basis.
Custom due date and overdue payment notifications sent through SMS or email.
Modifiable loan solutions (rollover, restructure, credit holiday, etc.).
Handle products& loans with customizable settings
Group items and clients based on area, type of equipment, debtor type, and other parameters.
Provide loans, leases, or highly personalized credit solutions.
Easily execute and manage special offers (qualifiers, limited time offers).
Use built-in risk-based loan pricing.
Vendor & dealer management
In-store staff can use a vendor/dealer portal for loan origination and monitoring.
Orders can be transferred to the Compassway interface and processed there in the most efficient way.
Enhanced loan data reporting gives you a complete picture of your business, customers, and stock.