Fox Ridge Capital goes live on LTi’s ASPIRE platform

Fox Ridge Capital has gone live on LTi Technology Solutions’ ASPIRE platform, six months after selecting the system to support the launch of its equipment finance business.

The US-based company, backed by LKCM Headwater Investments, has built its operations from the ground up without legacy systems or existing workflows and is now booking live contracts through ASPIRE.

Founded by entrepreneur Tom Depping, Fox Ridge Capital provides finance to small and mid-sized businesses, as well as equipment and technology providers across the US. The business selected its technology with a focus on scalability, speed to market and longer-term flexibility.

The implementation brings together LTi’s ASPIRE platform with Aurora and Microsoft Dynamics 365.

“Six months later, that bet has paid off — we’re live, we’re booking business, and we did it without slowing down to fight our own systems.”

Andrew Depping, chief technology officer at Fox Ridge Capital, added: “The real test of an integrated ecosystem is what happens on go-live day, not what’s promised in a proposal.”

“ASPIRE, Aurora and Dynamics 365 came together exactly as designed, and that gave our team the confidence to run at full speed from day one,” he noted.

Dawn Gillette, chief financial officer at Fox Ridge Capital, said the platform had also helped the new lender establish its reporting and controls before it had transactions against which to test them.

“ASPIRE gave us confidence in the numbers from day one, so we could put our energy into building the business instead of double-checking it.”

“Fox Ridge Capital set out to prove that a new company could launch on modern technology and move faster than the industry expects. Six months and a live book of business later, they’ve done exactly that, and it’s a model we’re proud to have helped build.”