IDS: Secured Finance Technology

When it comes to the financial sector, there is an increasing need for both best-in-class customer service while having strong cost controls in place. Finance firms are looking for a competitive edge and the ones that are most successful have designed solutions to achieve an exceptional customer experience with technology that keeps their cost low. One among those leading players in the financial technology industry is IDS—a secured finance technology provider offering a full range of solutions for origination, pricing, lease and loan management, vendor financing, asset-based lending and factoring. “Organizations of all sizes rely on our technologies and consultative services to optimize their asset finance, asset-based lending and factoring operations. Our software solutions are built on IDScloud, a true software-as-a-service (SaaS) platform that offers best-in-class simplicity, scalability and affordability,” explains David Hamilton, CEO, IDS.

IDScloud is an open finance platform delivering the ability to efficiently support customer’s business process. Through the SaaS solution, the customer no longer needs to focus on supporting the application. IDS managed services provides all of the underlying infrastructure and application management. IDScloud platform is also designed to integrate with best-in-class third party solutions to provide a complete end-to-end secured finance solution. The benefits financial firms can receive when partnering with innovative cloud-based technology firms like IDS can be broken down into three areas: Improved customer experience, operational efficiency, and scalability. “As an open financing platform, our solutions provide the underlying framework to support any type of secured finance company. This includes asset/equipment finance, asset based lending and factoring solutions,” says Hamilton.

The IDScloud platform is open and allows for API level integration with leading third-party applications (e.g., credit checks, Insurance, tax, etc..). This allows the customer to customize their solution to their specific business process. This transformation platform facilitates easy transition to the cloud for financial firms and allows them to capitalize on an ecosystem of best-in-class technologies to support their business growth goals. Meanwhile, the IDScloud Portfolio Management solution is based upon industry leading InfoLease solution for lease and loan management. Firms needing to address the needs of simple loans through the complexity of a variable rate lease contract can easily manage any contract leveraging this SaaS solution. IDS ABL and Factoring provides industry leading technology to support the business needs of firms looking to secure additional capital leveraging existing assets or receivables.

With the IDScloud platform, IDS recognized the need for an innovative way for these firms to consume technology. This customer centric approach has led to the development of the current portfolio of solutions offered in a consumption-based model. This was industry first, allowing IDS to partner with its customers in their success. The solution grows with the customers, driving IDS to continually innovate to deliver the solutions customers need to stay ahead of the competition.

While explaining the critical role that IDS plays in the financial technology space, Hamilton recalls an instance when they assisted SANY—a global heavy equipment manufacturer which established an operation in the U.S. in order to lease more of their equipment to the U.S. market. The client selected IDScloud to support their aggressive growth goals in 2019. A year later, they were featured in a leading industry publication for achieving over 1200 percent growth without adding any additional headcount. The IDScloud solution provided the functionality they needed without additional operational costs.

Since its inception, IDS has been playing a critical role in the financial technology space. Today, IDS serves a global customer base from offices in the United States, the United Kingdom and Australia. IDS is a business that’s committed to providing solutions to their financial partners. The company recently announced the acquisition of William Stucky and Associates to expand its ability to serve a greater portion of the commercial and industrial secured finance market segment. “We are committed to the long-term vision of creating value for our customers through cloud-based technologies that allow them to focus on their business, letting IDS take care of managing the application. We will continue to look for opportunities to build greater value for our customers through a strong investment in technology innovation and where it adds value through additional M&A activity,” concludes Hamilton.