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HPD Lendscape, a global provider in secured finance technology, is aiming to bring the full benefits of digital technology to lenders with the launch of Lendscape Asset Finance, a unified platform for all forms of secured lending which is designed to help banks and lenders boost productivity by streamlining everyday administrative tasks. The cloud-based contract management system offers an intuitive user interface, asset-level accounting, and the ability to manage all leases and loans on a single platform.

Steve Taplin, managing director at HPD Lendscape, said: “It’s been a tough two years for asset finance, and the landscape is evolving rapidly. We’re launching Lendscape because we believe using legacy systems to address current and future challenges won’t work - the industry deserves a modern solution built for the times.”

Compass Business Finance will be the first client to benefit from the new solution. Director Mark Nelson stated: “The move to Lendscape is part of our commitment to innovation and customer-led growth. The HPD Lendscape team worked with us in an agile, collaborative way from the start to ensure that the solution would support our teams in providing exceptional customer service, with the flexibility and scale to meet the future needs of our growing business. We look forward to leveraging Lendscape to deliver the best possible experience for our teams and customers.”

Leading edge integration

Lendscape Asset Finance uses leading edge integration protocols to connect easily with other systems, enabling lenders to update workflows and accelerate their digitalisation plans regardless of existing infrastructure or data formats.

Other key features of the new contract management system include a single platform for managing all leases and loans, offering asset-level accounting which makes it easy to accurately calculate partial settlements and supports full lifetime asset management. The solution adheres to the latest accounting standards, supporting regulatory compliance.

Intuitive screens provide an up-to-date user experience, guiding users through the steps involved in regular tasks and reducing the risk of error. Mid-life contract changes are automated, enabling users to make changes in minutes instead of days, with a before/after audit for all changes. Users are also able to configure screens and reports easily to track additional information and provide flexible reports.

As an SaaS solution deployed in the public cloud, Lendscape Asset Finance is instantly accessible, with no reliance on a lender’s own IT teams or infrastructure. The modular architecture offers independently scalable, substitutable services, fault isolation and the ability to quickly launch new features.

Taplin explained: “Lendscape was built with the needs of our clients and their customers in mind, to make asset finance simpler, smarter and easier. We’ve combined decades of industry expertise with new technologies and Design Thinking to deliver a truly modern asset finance system; one that will enable lenders to move beyond the constraints of legacy systems, improve productivity and win customer trust and loyalty.

“Our vision is to offer banks and lenders a comprehensive, end to end solution to support all forms of secured lending.”