finPOWER Users - Finance Now Ltd

Finance Now

Finance Now Limited purchased a portion of the Western Bay Finance (in Receivership) Limited (WBF) loan ledger in 2006 and undertook a project to migrate WBF’s finPOWER data into their own in-house developed loan management system.

Finance Now is a subsidiary of the Southland Building Society and offers a wide range of personal lending and investment products via a network of offices throughout New Zealand. Finance Now describes itself as a progressive, New Zealand owned finance company that prides itself on its Professionalism, Energy and Can Do Attitude. They provide quick, hassle free financial products and services from Retail Credit Sales through to Secured and Unsecured Consumer Loans for individuals.

Even though Finance Now was only ever going to be a short term user of finPOWER, Phil Ellison, the Business Development Director for Finance Now took a keen interest in the project and the workings of finPOWER. He comments:

Had we not invested so heavily in our own operating system and some of the economies of scale we can enjoy with the utilisation of one operating system we would seriously consider utilising the finPOWER system on an ongoing basis. The system functionality is excellent as is the usability for all level of users from administration through to collectors. If you ever require an independent referee "i.e. not currently using the software" then I would be happy to be an advocate End Quote Image

With such a short term, highly technical project the Finance Now team worked directly with the Intersoft Support team on the project to achieve the necessary data extracts and file mapping. On this Phil comments:

We appreciate the support we have received in the migration of the WBF data to our own servers through to the project conversion. The service Intersoft provided was fantastic and is light years ahead of our previous experience with one of your competitors.

I would like to make special mention of the Support Team who were great to deal with both from ease of communication to efficiency of turning around requests. They added value way beyond just simple coding and were excellent in explaining to us what your product was doing with different sets of data. End Quote Image

Now that the project is completed it is time for both companies to go their own way but with comments like those made above it is easy to see why finPOWER continues to be the preferred choice of software for over 380 of Australasia’s leading finance companies.