How Defi compares to Inovatec Javelin
- Why Bigger Is Not Better In Choosing An LOS/LMS
- Why Success Based Pricing Is So Important Now
- Why Integration Is The Game Changer For New Markets
- How OCR & Automation Drives Efficiency By 300%
Defi provides digital lending platforms and digital banking technology. There is no doubt about it, they are a familiar name and one of the larger, more traditional vendors in the space. However, as Silicon Valley has taught us, bigger isn’t always better when it comes to technology companies.
With the marketplace evolving so rapidly – especially since COVID-19 – many Lenders are looking to partner with more responsive, streamlined tech providers. What’s important now are partners who are agile enough to stay ahead of the market and who are customer-focused enough to answer the phone in person.
Such a company is Inovatec Solutions. Inovatec has been around for over a decade and their lending platform JAVELIN has already established itself with forward thinking lenders in Canada and the USA.
Forward thinking? Yes! For example, Inovatec anticipated the kind of book-to-look erosion that many Lenders are experiencing today. Which is why they pioneered “Success Based” pricing. Lenders only pay for transactions they book.
Do any of the other lending platforms offer this kind of performance pricing? No they don’t. Their platforms are out of step with what is important to Lenders today, just take a look at the competitive matrix below.
Ultimately, we’re obsessed with your success because we’re successful only when you book transactions, which makes us more of a partner than just a vendor. Partnership is what is important to Lender’s today.
Let’s Compare Defi to Inovatec JAVELIN.
Take a look at a feature by feature comparison with many of North America’s leading lending platforms below, you’ll see that when it comes to features that really matter in the emerging digital first economy, Inovatec JAVELIN deserves your serious attention.
Let’s take look at some of these features as compared to Defi in more detail:
Success Based Pricing
With Inovatec JAVELIN you pay only for the transactions you book. Defi? Nope. You’ll still pay for every lead, whether you close or not. Defi gets paid no matter what deals they serve up, so how incentivized are they to make sure you book deals? They’re not.
Inovatec JAVELIN makes it easy to customize workflows to align with how your team is working today – wherever they are. You can easily update current products or develop new ones to compete in today’s changing market. JAVELIN grows with you.
Defi? Not so much. You’ll be trying to get them on the phone everytime you want to expand your offering.
Inovatec JAVELIN was designed to offer unmatched configurability and business process automation. The modular design integrates seamlessly with your existing systems through our Open API infrastructure, harmonizing partners, vendors, dealers, internal staff and management.
Defi? Sorry… you’ll be back on hold before you know it. Those traditional platforms just aren’t as flexible and user friendly as Inovatec JAVELIN.
OCR & Automation
Javelin’s has built in optical character recognition and advanced process automation. Across your whole business, Javelin has been shown to increase efficiencies by 300% or more. Imagine what that can do to your bottom line.
Defi talks a big game on their website, but they’re very thin on specifics. And they just don’t offer the kind of advanced automation technology like OCR.
We know how frustrating – and time consuming – it can be to have to click through endless screens to access relevant data. That’s why we designed Inovatec JAVELIN to give you the ability to quickly and easily decision a deal, often with just a few clicks.
Defi is famous for how many screens it takes to get anything done. #carpaltunnel
Trusted by North America’s largest lenders, Inovatec offers an integrated lending platform, including a LOS, LMS and Portal. But if you are looking for a single product, JAVELIN integrates beautifully with your existing tech stack.
Go ahead, and do your research. Put JAVELIN up against any of the old school lending platforms, we are confident we will meet the needs of your business today – and tomorrow.
If you’re ready to update your system, we’d love to show you why JAVELIN is an industry leader – and the trusted choice for forward thinking lenders.