Redkite Money Moves to Welcom Software’s Financier Managed Hosting Solution

Welcom Software, supplier of class leading solutions in consumer and commercial lending software, eCommerce, financial accounting and retail software has signed up RedKite Money to the managed hosted version of its leading loan management software solution Financier v7.06.

Based in Leeds and Watford, RedKite Money offers an extensive range of finance options including secured and unsecured consumer loans. Part of the wider RedKite Group, which includes subsidiaries RedKite Asset Management, RedKite Leisure and RedKite Search, RedKite Money sells direct to consumers and through brokers and intermediaries.

RedKite Money has been managing its loan book through Welcom Software’s Financier solution since the business was formed. A leading consumer and commercial lending software solution Financier has a proven track record in the finance industry and was developed in conjunction with some of the UK's key financial services organisations. Managing the entire loan lifecycle from quotes and applications to payment collections and settlements, Financier makes the process of applying for a loan and ongoing management more efficient.

Delivering the flexibility and scalability required by RedKite Money, the implementation of the managed hosting version of Financier v7.06. will provide the core lending engine to manage all loans for the business with the system accessible from any location. This managed hosting solution relieves RedKite Money of responsibility for servers, management, applying updates, data security, firewalls and data back-ups whilst helping to streamline business processes, enhance data capture, improve speed of processing and provide increased visibility across both locations.

Nigel Corp, Welcom Software Chief Operating Officer said: “We are thrilled that RedKite Money has upgraded to our Financier v7.06 Managed Hosting Solution. Our leading software Financier provides them with the secure and reliable system that they need to effectively manage their entire loan book. Easily configurable, upgrading to Financier v7.06 will not only enhance the loan management process but will also remove the costly responsibility for hosting management. Financier has also recently been upgraded to ensure it offers the required functionality for lenders to make sure they are compliant with CCA 2006 which takes effect in October (6th).”

Founded in 1978 Welcom Software specialises in providing market leading business software solutions, both customised and off the shelf, to the finance, retail and eCommerce sectors. The Welcom Software Group was established in 2007, following the strategic acquisition of e-inbusiness, a leading eCommerce and eMarketing specialist. Group clients include: Kaupthing Singer & Friedlander Ltd, Redkite Money, The Loan Store, Airdrie Savings Bank, New Look, Farrow & Ball, Radley and Jacques Vert Group. To find out more visit: www.welcom.co.uk