First Business picks Odessa
18/07/2023
First Business Bank has selected Odessa’s suite of solutions to bolster its digital transformation journey. To support its Equipment Finance business, First Business Bank will implement Odessa Core Originations and Servicing, Customer Portal, and Insights through Odessa Cloud, the company's full-service SaaS solution.
First Business Bank says it is experiencing accelerated growth and needs to modernise its systems to better serve the unique needs of its Equipment Finance clients. To help support this transformation, the company sought a cloud-based system to unify its data onto a single platform and drive efficiency in front to back-office operations.
Odessa, a provider of technology solutions for asset finance, explains that with its support, First Business Bank will gain improved contract flexibility, data-driven insights, streamlined operations and readiness for future growth
Odessa Insights will transform the bank’s data landscape, providing custom report creation capabilities for better decision-making and strategic planning. And in harnessing the power of Odessa's automation, the bank will achieve an optimised workflow, significantly enhancing efficiency on both the originations and servicing sides of their business.
“The growth of our Equipment Finance unit over its initial five years of existence has been tremendous and the time has come for our systems to evolve. We wanted a cloud-based platform to enable us to unify various legacy systems into a single, supported platform. We needed a technology platform that could scale with us, provide needed functionalities, and enable increased process efficiencies across all functional segments of this organisation as we embark on the next stage of the organisation’s growth” said Stuart Goddard, Managing Director of First Business Specialty Finance, LLC, subsidiary of First Business Bank.
Eric Bernstein, CEO at Odessa noted, "We are delighted to partner with First Business Bank and welcome them to the Odessa family. First Business Bank has done a great job scaling their Equipment Finance business and we’re thrilled to support the team with their digital transformation goals and continued growth.”
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