Cloud Lending Solutions

Cloud Lending Solutions is a global cloud infrastructure company that offers a suite of SaaS applications to efficiently manage loan portfolios, increase transaction volume, and rapidly bring new products to market for financial institutions all over the world. Our lending solutions are built natively on the Salesforce platform so customers can safely and confidently utilize cloud technology to significantly lower costs, generate greater revenue and outperform their competitors.

Its clients — from innovators like Harmoney.com to industry leaders such as Propel Financial Services — use Cloud Lending to drive down expenses and grow revenue through greater volume and new products.

CL MicrofinanceTM

Microfinance institutions are striving to eradicate poverty by providing financial services to nearly 3 billion unbanked people worldwide. The main objective of MFIs is to become efficient financial institutions that offer a broad range of adequate products and services to a large number of households and small businesses at affordable costs.

Since MFIs serve a market typified by a high volume of low value accounts, they face high operating costs due to expensive traditional microfinance operations. Legacy systems are inflexible, inefficient, and resource and time intensive, and are incapable of meeting the need for flexibility, faster time to market and regulatory compliance. MFIs need a bank grade technology solution that is agile, more cost efficient in providing services, scalable, secure and yet affordable.

Cloud Lending SolutionsTM offers an agile and real-time core banking solution built natively on Salesforce that is specifically designed for microfinance institutions, credit unions, CDFIs, community banks and SACCOs. CL Microfinance efficiently manages loan portfolios, increases transaction volume, and rapidly brings new products to market.

CL Microfinance covers all stages of a loan cycle for groups and individuals, and automates credit decisioning, document management and custom reporting for both financial and social requirements. In addition,

CL Microfinance creates and services deposit accounts, links savings balance to loans and sets rules for minimum balances. Loan officers and borrowers can easily access the system from mobile devices, and can even make mobile payments through partners like mPesa. CL Microfinance enables all stakeholders to connect with each other in real time and exchange information.

Traditional Lending

Traditional banks and credit unions are still a principal source of capital for consumers and businesses today. They offer not only consumer loans such as car loans, credit cards, and installment loans but also business loans for various types of financing.

“A review of global banking by McKinsey showed that just 30 percent of top global banks improved their cost efficiency over 4 years. The remaining 70 percent stayed the same or became less efficient despite leaps in mobile technology, cloud computing, and web platforms.”

But, consumer and commercial banks, along with storefront, branch and multi-branch lenders are hampered by their slow legacy systems when responding to their customers’ need for fast and cost-effective access to credit. These legacy systems, stitched together into one giant, inflexible mountain of code, are preventing lenders from achieving their business objectives of driving revenue while establishing competitive differentiation.

Instead, lenders need comprehensive loan management solutions that are secure, scalable, quick to implement and quick to change, providing the lender with a single system of record for all their transactions, anytime, anywhere.

Cloud Lending SolutionsTM offers cost-effective and flexible lending solutions to efficiently manage loan portfolios, increase transaction volume, and rapidly bring new products to market for both business and consumer lenders.

CL OriginateTM is a next generation platform for loan origination. Built natively on Salesforce, CL Originate is a complete cloud-based loan origination and underwriting platform. CL Originate has been redesigned to meet online lenders’ requirements for automated and instantaneous

loan processing. CL Originate also meets the requirements of lenders with complex loan products, like commercial real estate. CL Originate’s configurable workflows, approvals and “Deal Room” for document and process management, enable quick conversion of applications into contracts for servicing.

CL LoanTM is an end-to-end loan management platform built natively on Salesforce that efficiently handles loan servicing, collections and portfolio management reporting. CL Loan can configure new loan products instantly in response to new opportunities, and integrates easily with mobile platforms.

CL CollectionsTM is an advanced collections solution built natively on Salesforce that enables lenders to define and automate their collection process. CL Collections efficiently tracks billing and delinquencies in the servicing platforms.

Equipment Leasing Solutions

In a highly competitive market, equipment and vehicle lessors are looking for any edge that drives revenue through greater transaction volume and faster time-to-market for new products. Lessors need to be nimble in order to handle increasing demand while controlling costs. This requires clear operational visibility through a single system of record.

Instead of running on old technology and manual processes, lessors need efficient and flexible technology solutions that can automate underwriting and servicing platforms, drive down expenses and lower asset risk to drive profits and growth.

Cloud Lending SolutionsTM offers cost-effective and flexible solutions to efficiently manage lease portfolios, increase transaction volume, and rapidly bring new products to market.

CL OriginateTM is an origination and underwriting application built natively on Salesforce that manages your leases, converting applications into contracts for servicing. CL Originate automates credit pull, credit decisioning and collateral evaluation, providing quick estimates about the leasing arrangement to the applicant.

CL Originate can be integrated with CL LeaseTM, our lease servicing platform built natively on Salesforce, that efficiently manages equipment leases throughout the lifecycle. CL Lease simplifies the process of lease generation, and provides detailed views of leases complete with aging and approvals. It can finance multiple assets in a single lease, and can automate application of fees, charges, calculation of taxes and payments. Being cloud-based,
CL Lease can easily handle your extended organization, thus, reducing your costs and improving asset management.

You can also integrate CL Lease with CL CollectionsTM, our advanced collections solution built natively on Salesforce that enables lessors to define and automate their collection process. CL Collections efficiently tracks billing and delinquencies in the servicing platforms.

6-Click Online Lending

The online lending industry is growing at a rapid pace with industry experts predicting it to become a $1 trillion industry by 2025. Online lenders offer consumer and small business borrowers quick and affordable access to credit, removing the need for traditional intermediaries.

Time to market is critical in online lending and requires an agile technology solution that is quick to implement and quick to change. Back-office processes such as origination, underwriting, funding and servicing for online loans can be complex and expensive, and pose a significant challenge to the business. Emerging online lenders are driving innovation in the lending sector, and need a tested and proven technology solution that enables them to focus on their “secret sauce”, quickly bring new products to market. With new technology, online lenders can Wow! their borrowers by delivering the 6-Click lending experience. With just six clicks, a borrower can apply for a loan, accept the loan offer and e-sign the documents. What took days, takes minutes without giving up any of the credit decisioning that is important to your business. The result: a borrower that is Wowed!.

Cloud LendingTM Solutions offers cost effective and flexible lending solutions to efficiently manage loan portfolios, increase transaction volume, and rapidly bring new products to market for online lenders.

CL OriginateTM is a next generation platform for loan origination. Built natively on Salesforce, CL Originate is a complete cloud-based loan origination and underwriting platform. CL Originate has been redesigned to meet online lenders’ requirements for automated and instantaneous loan processing. CL Originate also meets the requirements of lenders with complex loan products. CL Originate’s configurable workflows, approvals and “Deal Room” for document and process management, enable quick conversion of applications into contracts for servicing.

CL LoanTM is an end-to-end loan management platform built natively on Salesforce that efficiently handles loan servicing, collections and portfolio management reporting. CL Loan can configure new loan products instantly in response to new opportunities, and integrates easily with mobile platforms.

CL CollectionsTM is an advanced collections solution built natively on Salesforce that enables lenders to define and automate their collection process. CL Collections efficiently tracks billing and delinquencies in the servicing platforms.

About:  Cloud Lending Solutions is a global cloud infrastructure company that offers a suite of SaaS applications to efficiently manage loan portfolios, increase transaction volume, and rapidly bring new products to the market for financial institutions all over the world. Our lending solutions are built natively on the Salesforce platform so customers can safely and confidently utilize cloud technology to significantly lower costs, generate greater revenue and outperform their competitors.