IDS signs major bank customer up for InfoLease 10

IDS said the customer is a national banking institution that has relied on the InfoLease portfolio management solution for decades to run a large and complex portfolio made up of everything from small to large ticket transactions. The bank said it wanted to upgrade to

InfoLease 10 in order to realize additional efficiency savings, further reduce risk, and simplify compliance efforts.

“IDS is thrilled to be deepening our relationship with such a long-standing IDS customer,” said Michael Campbell, CEO of IDS.

InfoLease 10, which IDS released last year, offers an intuitive web user interface, comprehensive web services, BI/analytics, and relational database technology which the company says offers greater ease-of-use and better access to data. The portfolio management solution went live at Xerox Financial Services, the captive equipment financing organization of Xerox Corporation, in December 2013.

Campbell said: “We intentionally designed a comprehensive InfoLease 10 upgrade path so that customers can transition quickly while still retaining the unique customizations and integrations that have become essential to their way of doing business. We’re pleased to see that plan come to fruition as customers are smoothly moving to InfoLease 10 and experiencing almost immediate gains in efficiency.”