Textron Financial Corporation Enhances its Pricing and Processing Capabilities Through an Innovative Integration of Two Software Solutions
Integration of Constellation’s ASSET Software Solution and Ivory’s SuperTRUMP Software is the First Integration for These Two Software Companies
(WALNUT CREEK, CA – August 19, 2013) - Ivory Consulting Corporation, the leading provider of sophisticated lease and loan pricing and analysis software, is pleased to announce that Textron Financial Corporation has elected to integrate Ivory’s SuperTRUMP with Constellation Financing System’s ASSET to improve transaction processing. Textron Financial provides financing programs for the golf equipment and aircraft products other Textron companies manufacture.
This is the first integration of SuperTRUMP and ASSET, which will merge the proven leasing and loan portfolio back-office management services provided by ASSET with Ivory’s SuperTRUMP software, widely considered the definitive standard for modeling and pricing complex leases and loans. SuperTRUMP is ideal for lease and loan financial analysis and optimization, as well as calculating taxes, accounting entries, cash flows and termination values for both simple and highly structured transactions.
“While moving to Constellation’s hosted solution of ASSET, we needed an income tax depreciation module. We were not interested in building and maintaining that in the receivable system, so we were pleasantly surprised when we heard about the SuperTRUMP integration option”, said Textron Financial IT Director Art Yarumian. “ASSET has the needed functionality to manage our complex portfolio of loans and leases. Its seamless integration with SuperTrump makes it even better. We are pleased to leave the tax depreciation calculations to an industry leader in Ivory Consulting, so that Textron Financial can concentrate more on building and managing the business.”
“We are thrilled Textron Financial’s team decided to enhance their leasing and asset finance pricing and accounting processing capabilities by choosing to integrate SuperTRUMP and ASSET,” said Ivory Consulting Corporation President Scott Thacker. “It’s an honor to be such an integral part of increasing Textron Financial’s processing efficiency and assisting them with providing greater benefits to their customers.”
David Taylor, Vice President of Constellation Financing Systems said, “ Constellation is delighted to be working with Ivory to provide an industry leading solution for lease financing to Textron Financial, one of North America’s most well respected corporations.”