LTi Technology Solutions, a provider of software and services to the asset finance industry, has announced a technology partnership with Propel Finance, a UK-based independent lessor, according to a press release.

The announcement said Propel had gone live with the LTi technology that allows the user to “effectively scale their business by streamlining the lease and loan transaction lifecycle … and to meet future business growth objectives,” LTi said.

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LTi added that its “Aspire on the LTiCloud” platform improves decision-making through real-time reporting and supports “customer-led and technology-driven growth initiatives, enabling the team to increase productivity and streamline business operations while reducing costs.”

LTi Technology Solutions

Anne Williams, chief operating officer of Propel Financial, said: “We were seeking a pioneering lease administration system that was configurable and scalable, and would provide the agility to serve our business for many years to come.

“We selected Aspire both as a result of these key advantages and the dedication and commitment of LTi’s team in creating the optimal solution for us over the longterm.”

Bryan Hunt, SVP and CRO of LTi, said: “As a trusted lender in the UK marketplace, Propel understands that agility and efficient operations are linked to business growth. This is especially important in the asset finance industry with constant market changes and the need to react quickly.

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“Aspire in the LTiCloud provides Propel the foundation to expand and focus on operational excellence. We are excited to continue our partnership with Propel and supporting their digital transformation.”

Propel has a 20-year history in asset finance. The company changed its name at the end of 2019 from the Henry Howard Finance Group

US-based LTi Technology Solutions has a 30-year history providing technology to equipment finance companies in North America and the UK.