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Fincura and CEFI Partner to Drive Innovation in Commercial Financial Analysis

Posted by Fincura | Nov 11, 2020 7:11:54 AM

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Fincura is excited to welcome Commercial Equipment Finance, Inc. (CEFI), an independent, full-service commercial equipment finance and leasing company, to its family of customers. CEFI will take advantage of Fincura’s financial insight engine to drive faster, easier, and more detailed financial analysis for new originations and portfolio monitoring for both English and Spanish-speaking customers. 

By choosing Fincura, CEFI will see their time spent collecting, keying, and analyzing financial documents decrease by over one hour per spread. As a result, their analysts will be able to evaluate more deals, a key capacity for CEFI to continue its impressive growth. 

Additionally, CEFI is now able to capture and unify their borrower data to create an internal data asset that will help drive better decision-making across their entire organization. CEFI is among the first equipment finance firms to utilize these newly-released capabilities in the Fincura platform. 

“At CEFI, we believe that personal relationships are the most important part of our business. Fincura allows us to spend less time number-crunching, and more time analyzing trends and value-added customer solutions,” says Ricardo Rios, Jr., COO at CEFI. “Fincura’s financial insight engine gives us the power to understand, plan, and report on our portfolio in ways that were not possible before. It also changes our perspective of what it means to collect financial statements from our customers. What used to be a point-of-time analysis is now strategic data for our future.” 

“It has been a great pleasure working with Ricardo and his team,” says Cody Putre, COO and co-founder of Fincura. “As the market leader in the Puerto Rican equipment finance space, we are excited to be a key pillar of their innovation initiatives and continued growth.”

About Fincura

Fincura unlocks data that is trapped in financial statements, spreadsheets, databases, and workflow tools for commercial lenders to optimize operations and future-proof their business. By marrying artificial intelligence and human judgment, Fincura’s financial insight engine can extract financial data from scanned, unstructured documents and ensures that every team has easy access to a unified, transparent, and deep data asset. Fincura’s cloud-based architecture and focus on user experience power simple integrations, fast onboarding, and a product that adapts to its customers’ evolving needs.

About CEFI

Commercial Equipment Finance, Inc. (CEFI) is an independent, full-service commercial equipment finance and leasing company based in Puerto Rico, Texas, and Florida. CEFI has financed over $400 million in commercial assets since 2010 to over 1,200 clients.

Topics: news

Written by Fincura