Twelve successful go-lives of Linedata Capitalstream in the last four years
Key factors of success: a collaborative approach, a strong industry expertise, a large technical and functional understanding
PARIS, IRVINE, SEATTLE, TORONTO, July 9, 2014 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, announced today that just in the last 4 years, 12 new customers have successfully deployed Linedata Capitalstream in production joining a growing roster of large North American banks, captive finance arms and equipment finance firms utilizing Linedata Capitalstream’s lending & leasing business automation platform, allowing these organizations to gain operational efficiencies and control risk. The achievement of each deployment relies on the capacity of the client to set clear and achievable goals and on the ability of Linedata Professional Services and client IT and business teams to collaborate closely to meet these goals.
The Linedata Professional Services practice is built on a foundation of long established industry knowledge and consulting expertise, combined with global customer support facilities. Linedata consultants guide the clients to do only what delivers clear ROI and put their deep implementation expertise to work to guide the client through the process of resolving its business challenges with the right solution and the right processes.
Linedata’s Professional Services project methodology is designed to focus on results, providing a range of services for implementing, managing, extending Linedata Capitalstream and ensuring achievement of the full range of benefits from the solution. The collaborative approach, industry expertise, technical and functional understanding help Linedata clients optimize the effectiveness of Linedata platforms.
Linedata Professional Services has extensive experience acting as both a system integrator and a technology provider, providing the best of both worlds from one vendor, supporting the client every step of the way:
• Understanding the business challenges;
• Proposing the right approach;
• Detailing and implementing the roadmap for the software solution;
• Managing the organizational change;
• Supporting the solution through Linedata staff or by performing the required knowledge transfer.
Bill Hughes, Executive Vice President at Linedata Lending and Leasing in North America, relates: “A top 5 bank in Canada considered engaging a system integrator but, based on our track record, the team decided to engage Linedata directly. This result was a project that was completed significantly faster, and for less money, than a project with competitor or a custom project. And now they have a solution that, while customized to meet their needs, is still built on the same core platform all our customers are on, so they can take advantage of new features and upgrades. With Linedata, you don’t have to choose between build and buy, you can have the best of both.”
Herve Marzio, Senior Vice President of Professional Services at Lending and Leasing Linedata in North America, concludes: “The key to be consistently successful is a mix of assembling a team of very experienced resources that have implemented similar products in the past and applying this experience to refine our methodology from project to project. We consistently assess what went well and not so well on each implementation, and update our methodology and templates with all these lessons learned. Our customers tend to have similar business needs thus implementations of our products are very similar from customer to customer. Over the years and dozens of successful implementations we have refined our methodology to be 100% tailored to our products.”
ABOUT LINEDATA
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 160.3 million in 2013. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
The Linedata CapitalStream lease and loan origination and risk management platform automates disparate, paper-based, and high-touch operations into a fully integrated, straight-through processing front and middle office solution. It allows finance organizations to gain operational efficiencies and control risk during the approval and on-going management all along the loan and lease lifecycle.