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Technology Sponsored by Technology CFL streamlines leasing operations with Northteq’s Aurora LOS Published: 14th November 2024 Share Corporate Fleet Leasing (CFL), a fleet management company, has successfully implemented Northteq’s Aurora Loan Origination System (LOS). This transition from Excel based systems has significantly improved their leasing processes, enabling faster deal processing through one-time data entry. By automating workflows and integrating with TURBO-Lease, CFL has enhanced its operational capacity, positioning the company for continued expansion while minimising manual effort and improving accuracy. “We needed something scalable that could handle our growing operations, which led us to Northteq. We outgrew our Excel systems—it just got to be too much as we expanded,” said Barb Brown, Operations Manager at CFL. “Northteq’s Aurora LOS allows us to input data once and have it seamlessly flow through the system, greatly improving our overall deal processing and document generation speed.” As a 24-year-old company with a rapidly growing customer base, CFL needed a solution that would allow growth without the limitations of manual processes. By implementing Aurora LOS, the company can now manage leasing processes end-to-end with better accuracy. Through the TURBO-Lease integration for back-end accounting and DocuSign automating document workflows, CFL can now focus on enhancing customer interactions and portfolio expansion without operational hurdles. Chad Oleson, President of TURBO-Lease, commented: “Integrating Northteq’s Aurora LOS with TURBO-Lease was straightforward and seamless. “When a lease funds, the API ensures data is automatically transferred to TURBO-Lease for accounting and servicing. This real-time automation between our systems not only streamlines processes but also eliminates manual data entry errors, enhancing operational accuracy.” “Aurora LOS met our current needs, integrated perfectly with TURBO-Lease, and provided the long-term flexibility we were looking for,” added Brown. “This has enabled us to expand our business confidently, without the fear of outgrowing our systems again.” With Northteq’s Aurora LOS, CFL has reclaimed its operational efficiency by automating time-consuming processes and enhancing scalability. This path-altering change demonstrates the power of automation and how even established companies can benefit from updating legacy systems, proving that new technology can deliver rapid results without disrupting existing workflows. CFL’s experience is a compelling example for businesses considering the shift from manual to automated systems—showing that the move to automated solutions can be seamless and highly effective. Kristian Dolan, CEO of Northteq, added: “At Northteq, we understand that companies like CFL want an immediate return on their technology investment and need solutions that can deliver efficiency through automation. “Our goal was to provide CFL with an adaptable, efficient system that empowers them to focus on what they do best—delivering exceptional service to their customers.” Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories Conference ReviewsVAMOS unveils Lucero: Transforming financial services with AI Technology iVendi and Close Brothers Motor Finance form new partnership TechnologyLendscape partners with Express Trade Capital