27 October 2009 News

 

Somerset Capital Group selects SunGard's Ambit

Somerset Capital Group has chosen SunGard's Ambit Leasing & Asset-Based Finance system, which is based on 42, an asset finance, fleet management, and consumer credit system developed by Northern Arch to support its end-to-end leasing operations.

The expansion and diversification that Somerset has achieved over the past few years, both domestically and internationally, have increased the time and resources required to support its operations.  In order to efficiently and effectively manage its continued evolution, Somerset required a platform that could cover everything from originations and pricing through to documentation, customer service, accounting, reporting and asset management.  SunGard's Ambit solution will serve as the primary tool in Somerset's automation of its entire leasing lifecycle on a single, end-to-end platform.