Case Study: CUSTOM DEVELOPMENT, FINANCING AND LEASING

Equipment Finance Credit Application Tool – Haas Automation

Built a credit application tool for faster application process for Haas Automation

Industry

Equipment Financing, Health and Wellness, Vitamins and Supplements

Category

Custom Development, Financing and Leasing

Company Background

Haas Automation, founded in 1983 by Gene Haas, is the largest machine tool builder in the Western world, known for producing high-quality CNC vertical and horizontal machining centers, CNC lathes, and rotary products. Manufacturing all critical components in-house at its 1.1-million-square-foot facility in Oxnard, California, Haas employs state-of-the-art CNC machines and lean manufacturing methods to ensure quality and efficiency. While Haas provides machinery under equipment financing, the process lacked automation, leading to inefficiencies and delays.

The Challenge

The company faced significant challenges without a credit application tool. These issues underscored the necessity for an automated solution to streamline operations and enhance the customer experience.

  • Manual Processes: The application process was heavily reliant on paperwork, leading to inefficiencies.
  • Human Errors: Manual data entry and processing were prone to mistakes.
  • Slow Turnaround Times: Approvals and processing times were lengthy, affecting customer satisfaction.
  • High Operational Costs: The labor-intensive process incurred significant costs.
  • Poor Customer Experience: Customers faced delays and the need for follow-up communications.

Our Solutions

Key Features and Functionalities:

User-Friendly Interface

The tool features an intuitive design, making navigation simple for users.

Document Management

Users can upload required documents seamlessly, and the tool includes automated document verification.

Real-Time Status Updates

Clients can track the progress of their applications in real-time, eliminating the need for follow-up calls.

How it Works

The application tool is divided into several sections, each designed to collect specific information, listed below. After entering all necessary information, users can upload documents, specify terms such as down payments and desired terms, and authorize the application by providing their name and title.

Results and Impact

Conclusion

Liventus’ online credit application tool provided Haas Automation with a scalable, efficient, and secure solution to their equipment financing challenges. By automating the application process, Haas Automation improved operational efficiency, reduced costs, and enhanced the overall customer experience. This case study highlights the significant benefits of adopting advanced technology solutions in the manufacturing industry.

Technology Stack

  • Angular Logo
  • Web API Logo