Leasepath, the cloud-first equipment finance lifecycle platform, has announced a strategic engagement with Great American Insurance Group’s Specialty Equipment Division, a provider of equipment insurance solutions for the equipment finance industry.

The collaboration aims to innovate insurance management for the equipment finance industry. Leveraging the modern intelligent workplace cloud infrastructure offered by Leasepath and Microsoft Dynamics 365, the teams’ efforts expect to bring numerous benefits to customers, including easy insurance quoting during finance originations, default option placement on financed assets, automated invoicing, and real-time insurance coverage updates.

“We are delighted to collaborate with Great American, a company that shares our commitment to innovation and bringing intelligent, customer-first solutions to equipment finance,” said Leasepath CEO Jeffrey Bilbrey (pictured).

This engagement marks a milestone in the equipment finance industry, with a software company and an insurance provider joining forces to optimise the end-to-end equipment insurance customer experience. This will include streamlining customer communication and dramatically reducing back-and-forth interactions, ultimately providing customer value and improving their relationship with the financier.

Cody Sanguinetti, Divisional Assistant Vice President at Great American Specialty Equipment said, “Together, we will empower our mutual customers by providing seamless access to the insurance products and programs that support their business.”