Philadelphia, PA – November 3, 2017 – Odessa, a leader in lease and loan accounting software solutions, today announced that Sasfin Bank (“Sasfin”) has selected the LeaseWave Product Suite and Odessa platform. With a robust product solution from Odessa, Sasfin plans to run its entire leasing business from one unified technology platform to manage end-to-end business processes, customer service, reporting and business intelligence, and application development.

Since 1987, Sasfin has provided a range of comprehensive banking and financial services. As a leading provider of IT equipment, Sasfin partners with their clients to offer tailor-made solutions to meet their unique business requirements. The company had operated on homegrown and legacy software systems and databases, but they had limitations. Sasfin wanted to consolidate their business units from siloed, disparate systems to a single technology foundation that would grow with them.

Sasfin considered several solutions, but chose Odessa and the LeaseWave Product Suite for an end-to-end solution that meets the needs of a modern, growing business.

Odessa delivers the following key features and benefits to Sasfin:

• Efficient originations processing: LeaseWave streamlines originations processing, brings in eSignature capabilities, and accelerates time to funding.
• Real-time business visibility and intelligence: With LW ReportBuilder and LW Analytics, Sasfin can gain real-time insights into key business performance indicators for a unified view across the business.
• A scalable platform: Odessa’s scalable infrastructure enables the business to be flexible as it expands to support growth, providing access to APIs and low code development.

"At Sasfin our clients are key to our success. Implementing a modern lease management system will free us up from time spent on overly manual processes to focus on our excellence in service," says Linda Frohlich, Head of Business Bank.

“We are pleased that Sasfin has selected the LeaseWave Product Suite to manage its leasing operations. Large, global organizations continue to select LeaseWave to replace aging solutions both for end-to-end process efficiencies and the access to long term innovation," said Jay Mehra, COO, Odessa. "We look forward to working closely with Sasfin on its deployment to help automate their leasing operations.”

Sasfin

Sasfin Holdings Limited is a bank-controlling company that listed on the JSE in 1987. Sasfin and its subsidiaries, notably Sasfin Bank Limited, provide a comprehensive range of specialist financial products and services for Business and Wealth clients. This range of financial products and services focuses on the needs of entrepreneurs, corporates, institutions, and high-net-worth individuals.

About Odessa

Odessa is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 450. The LeaseWave suite is a fully Internet-based family of products, providing an end-to-end lease, fleet and loan origination and portfolio management solution for equipment leasing and finance, vehicle leasing and finance and fleet management companies. The LeaseWave suite is engineered to be configurable and customizable to accommodate complex business models and it is also designed to be available as a SaaS product. Learn more about Odessa, its products and services by visiting www.odessatech.com.