Fleet leasing company shifts from manual processes to automation, increasing operational efficiency and growth potential.
MINNEAPOLIS, MN (November 13, 2024) — Corporate Fleet Leasing (CFL), a leading fleet management company, has successfully implemented Northteq’s Aurora Loan Origination System (LOS). This transition from Excel-based systems has significantly improved their leasing processes, enabling faster deal processing through one-time data entry. By automating workflows and integrating with TURBO-Lease, CFL has enhanced its operational capacity, positioning the company for continued expansion while minimizing manual effort and improving accuracy.
As a 24-year-old company with a rapidly growing customer base, CFL needed a solution that would allow growth without the limitations of manual processes. By implementing Aurora LOS, the company can now manage leasing processes end-to-end with better accuracy. Through the TURBO-Lease integration for back-end accounting and DocuSign automating document workflows, CFL can now focus on enhancing customer interactions and portfolio expansion without operational hurdles.
“Aurora LOS met our current needs, integrated perfectly with TURBO-Lease, and provided the long-term flexibility we were looking for,” added Brown. “This has enabled us to expand our business confidently, without the fear of outgrowing our systems again.”
With Northteq’s Aurora LOS, CFL has reclaimed its operational efficiency by automating time-consuming processes and enhancing scalability. This path-altering change demonstrates the power of automation and how even established companies can benefit from updating legacy systems, proving that new technology can deliver rapid results without disrupting existing workflows. CFL’s experience is a compelling example for businesses considering the shift from manual to automated systems—showing that the move to automated solutions can be seamless and highly effective.
About Corporate Fleet Leasing
Corporate Fleet Leasing (CFL), based in Portland, Maine, is a full-service, independent leasing company with over 75 years of experience in fleet management and vehicle financing. CFL specializes in providing businesses of all sizes with comprehensive leasing solutions, from vehicle procurement to maintenance, fuel programs, and remarketing. With a focus on minimizing costs and optimizing fleet performance, CFL is committed to delivering personalized service that helps its clients manage their fleet needs efficiently and cost-effectively.
About TURBO-Lease
Better Programs, Inc was founded in 1985 and released the first version of TURBO-Lease in 1987. Since that time, over 950 unique licenses have been sold across the US and Canada. The TURBO-Lease customer base is currently over 200 users strong and growing each year. With over 35 years of experience in the software and equipment leasing industry, TURBO-Lease is a trusted platform to meet your lease accounting software needs.
About Northteq
Northteq, LLC is a Minneapolis, Minnesota-based fintech company that has empowered over 175 lenders to provide their borrowers, vendors, and employees with automated lending solutions that increase revenue and create better lending decisions. Aurora, Northteq’s flagship product, is an automated, Salesforce-powered loan origination system, vendor, and borrower portal.
Northteq carefully selects partnerships with industry-leading providers in credit, fraud detection, and other essential areas such as Middesk, PayNet, Mastercard Identity, FICO, Equifax, Experian, D&B, TimeValue, LexisNexis, Nintex, Ocrolus, Plaid and more. By choosing the best partners, Northteq offers lenders streamlined turnkey app integrations that allow them to make smarter, automated lending decisions.
Northteq is now primarily owned by Arthur Ventures, a respected Minneapolis-based early growth capital firm known for leading investments in B2B software companies. This partnership positions Northteq for continued growth and innovation. Since 2013, Arthur Ventures has partnered with over 50 companies across the United States and Canada.
