WebEquity Solutions Wins Best of SaaS Showplace Award
Software-as-a-Service Provider Helps Financial Services Companies Automate and Streamline Their Lending Processes and Reduce Operational Costs
Wellesley, MA - November 2, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that WebEquity Solutions LLC ("WebEquity") has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
WebEquity offers on-demand lending software which helps over 500 financial institutions and 10,000 lending professionals automate and streamline their lending processes and reduce their operational costs, while making more consistent and profitable credit decisions. A unique benefit WebEquity offers lenders is a single system that works for commercial real estate, construction, commercial industrial, small business, agriculture and consumer loans. The company serves institutions in the U.S., Canada and Australia.
For example, Citizens Bank streamlined its lending processes; eliminated redundant data entry in multiple software programs; minimized staff training by moving to a single system; improved its ability to track and monitor loan requests and identify potential pitfalls in the loan process; and adopted eNotices to expedite the decision and approval process utilizing the WebEquity on-demand software. Citizen's realized a return on investment (ROI) of six months the first year of using WebEquity with an annual cost savings of 4x the annual cost of WebEquity.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our on-demand software," said Doug McGregor, CEO of WebEquity Solutions. "Our solution offers lending institutions of any size a very economical way to leverage software technology that enables them to more effectively manage credit quality and loan portfolio risk."
"Solving the severe problems which have plagued the financial services industry for the past year requires a new way of thinking and new set of solutions," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."WebEquity's on-demand solutions are specifically designed to respond to today's unprecedented challenges and deliver tangible benefits for the institutions and their customers."
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.