Solution7  Best-In-Class Services

Provide THE Competitive Advantage

 

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Commercial Equipment Finance
In the commercial Equipment Finance Space, Solution7 is the best-in-class provider of technology and process optimizations that align with your strategic approach, thus providing our Clients with a tremendous competitive advantage.

Industry Best Practices ¦ Process Improvements ¦ Systems ¦ Automation

The Process Lifecycle

1. Application Submission
  • Create External Web and/or End-to-End Portal Access for outside users
  • Extend Existing End-to-End System Access for outside users
  • Create bulk application upload capability
  • Streamline application process for outside users
2. Credit Decision
  • Create Interfaces to 3rd Party Providers: Credit Bureaus, KYC, & OFAC (Lexus/Nexus/Bridger, D&B, FICO, etc.)
  • Enable Auto notification settings to alert Vendor/Broker upon approval or sales rep upon decline
  • Enable auto-decision capability through Scorecards
3. Documentation
  • Automate Document Creation and Delivery for customer acceptance
  • Deploy eSignature Functionality in Documents
  • Standardize document templates and implement merged functionality
  • Automate Document Delivery & Receipt
4. Booking/Activation
  • Automate final data checks required for activation
  • Apply FASB check to transaction
  • Automate creation of General Ledger Entries
5. Portfolio Management
  • Create automated payment ability (ACH, Credit Cards)
  • Develop Online Payment Processing for End Customers
  • Implement & Configure Auto-Renewal process

Solution 7 Optimization & Key Benefits

  • 1. Application Submission
  • Create External Web and/or End-to-End Portal Access for outside users
    arrow-downInternal App Entry Volume
    arrow-upData quality & Vendor/Broker data entry
  • Extend Existing End-to-End System Access for outside users
    arrow-downInternal App Entry Volume
    arrow-upData quality & Vendor/Broker data entry
  • Create bulk application upload capability for Portfolio Purchase
    arrow-downPortfolio evaluation & booking time
    arrow-upData quality
  • Streamline application process for outside users
    arrow-downVendor/Broker training requirements
    arrow-upVendor/Broker User Experience & Volume
  • 2. Credit Decision
  • Create Interface to Customer Data Verification for KYC and CIP compliance.
    arrow-downData Entry Errors, Time to Decision
    checkmarkKYC Requirements
  • Add Credit Bureau Interface to score customer credit rating.
    arrow-downData Entry Errors, Time to Decision
    arrow-downManual Credit Score & Reports
  • Create Interface to OFAC provider to satisfy Patriot Act requirements.
    arrow-downData Entry Errors, Time to Decision
    arrow-downManual OFAC Check
  • Enable auto-decision capability through Scorecards
    arrow-downData Entry Errors, Time to Decision
    arrow-downVolume of Manual Credit Decision
  • Enable Auto notification settings to alert Vendor/Broker upon approval or sales upon decline
    arrow-downInternal Processing Time to Decision
    arrow-upVendor/Broker User Experience & Volume
  • 3. Documentation
  • Automate Document Creation and Delivery for customer acceptance
    arrow-downLegal Document Signing Time
    arrow-downData Errors in Documents
  • Deploy eSignature Functionality in Documents
    arrow-downData Errors in Documents
  • Standardize document templates and implement merged functionality
    arrow-downMultiple Templates in Doc Dept.
    arrow-downData Errors in Documents
  • Automate Document Delivery & Receipt
    arrow-downLegal Document Signing Time
  • 4. Booking/Activation
  • Automate final data checks required for activation
    arrow-downOnboarding/Activation Time
    arrow-downData Entry Errors
  • Apply FASB check to transaction
    arrow-downOnboarding/Activation Time
    arrow-downIncorrect Contract Types
  • Automate creation of General Ledger Entries
    arrow-downManual Accounting Data Entry
    arrow-upAccuracy in Data to GL System
  • 5. Portfolio Management
  • Create automated payment ability (ACH, Credit Cards)
    arrow-downDelinquency Rate in Portfolio
    arrow-upEase of Customer Payments
  • Develop Online Payment Processing for End Customers
    arrow-downDelinquency Rate in Portfolio
    arrow-upCustomer User Experience
  • Implement & Configure Auto-Renewal process
    arrow-upCustomer Renewal Rate
    arrow-upLessor Income

HIPAA Compliance

Protection of Patient Data & Sustinence of the Medical Providers’ Ability to Deliver the Optimal Level of Care to the Patient is of the Utmost Performance. Solution7’s certified Business Associates cover all Aspects of Compliance.

Security Risk Assessment ¦ Physical, Administrative, & Technical ¦ Patient Protection

The Process Lifecycle

1. Security Risk Assessment (SRA)
  • Conduct the SRA Review Onsite
  • Identification of Administrative, Physical, and Technical Risks
  • Categorization of the Risk Levels: High, Medium, Low
  • Deliverable to Client with detail of risk and recommendations
2. Immediate Remediation
  • Client and/or Solution7 close Immediate Risks identified in SRA
  • Review and identify remainder of high risk items to mitigate
  • Client deliverable including:
  • Remaining risks to be addressed;
  • Summation of Immediate Risks eliminated
3. High Risk Elimination
  • Scorecard identifying solutions and associated costs to Client delivered to Client
  • Identify software/hardware/managed provider Vendor(s) from Scorecard
  • Confirm solution strategy with selected Vendor(s), including:
  • Time and staffing for quick implementation
  • Unified threat management capability
  • Endpoint and Server protection offerings
  • Cost of near and long term services to client budget
4. Ensure Vendor(s) Deliverables
  • Ensure vendor(s) deliver solutions within scope
  • Ensure Vendor(s)(s) deliver solutions within timeframe
  • Document full risks eliminated by Client
5. Proactive Compliance
  • Assure Client is positioned going-forward for routine Security Tests
  • Advise client on cyber-insurance options and ransomware prevention
  • Interact with Vendor(s) on client’s behalf as needed

Expertise
Solution7 offers a unique blend of technological excellence and business acumen. The result is increased profitability for our clients; both for the present and the future. Our specializations include:

Technology ¦ Industry Best Practices ¦ Automation ¦ Security

Areas of Specialization

Equipment Finance
  • System Implementations
    • Documentation of Requirements
    • Scope Definition & Enforcement
    • Gap Analysis & Mitigation Plan
    • System Design
    • UAT Support & Go-Live Launch
  • Transaction Pricing including Multiple Quotes
  • Risk Based Pricing
  • Automation and Ease of Application Entry
  • Automation of KYC, Bureau Reports, & Auto-Scoring via Scorecard
  • Auto-Decisioning & Workflow Design
  • Automation Document Generation, E-Signature,
    Expedited Onboarding Process
  • Portfolio Management Optimization, Automated Payments, Auto-Renewals,
    Asset Remarketing
  • Analyitics:  “3v’s”:  Volume, Variety, Velocity
HIPAA Compliance
  • SRA Assessments
  • Physical, Administrative, & Technical Risk Documentation & Remediation Plan
  • Cost/Benefit Analysis & Patient Data Protection Scorecard
  • Mitigation of Immediate High Risk Items
  • Vendor Negotiation on Technical Risks:
    • Endpoints
    • Servers
    • Network
  • Penetration Testing
  • Ongoing Monitoring of Compliance
  • Client Training & Documentation
  • Disaster Recovery Plans
Systems Expertise
  • IDS InfoLease 9F/IL10®
  • IDS Rapport®
  • LeaseTeam, Inc. Aspire™
  • Odessa LeaseWave®
  • Copernicus Solar©
  • Nortridge Software®
  • Sophos®
  • Kaspersky®
  • Barracuda®
  • Cisco/Meraki®
  • TrendMicro®
  • Ivory SuperTRUMP®
  • TimeValue T-Value®
  • InfoAnalysis®
  • FastQuote™
Coding & Certifications
  • UniBasic
  • Unix/Linux
  • SQL/PHP
  • XSL/XML
  • HTML/CSS
  • JavaScript/Java
  • JSON
  • C#/C++
  • Python
  • HIPAA Business Associates
  • HIPAA Security

Clients, Partners, and Customers Include:
We are proud to provide our Clients with cost-effective & profitable solutions to their mission critical business issues.

© 2016 Solution7 Incorporated