COCC and VSG Announce New Strategic Alliance
Southington, Conn. and Orlando, FL., Oct 15, 2014 – COCC and Vanguard Software Group have formed a strategic partnership to deliver unprecedented integration between LoanVantage, the industry leading Commercial Loan Lifecycle Management system and INSIGHT, COCC’s advanced core processing platform. The resulting integrated solution will enable COCC clients to standardize their Commercial Loan Processes including analysis, underwriting and review, better manage their growing Commercial Loan portfolio and actively pursue new market opportunities.
“Our agreement with Vanguard Software Group enables us to deliver on our vision of Commercial Loan Lifecycle Management for our clients and the industry at large,” said Richard A. Leone, President and CEO of COCC. “Working together, our two firms will resolve one of Commercial Lending’s most complex issues – automating a number of manual processes required to support the bank’s growing portfolio of Commercial Loans. With our next level integration of Vanguard Software Group’s LoanVantage product and our advanced INSIGHT core processing platform, COCC is uniquely positioned to deliver significantly improved automation, more critical information to our clients and assist them to make consistent decisions to support their complex business lending activities.”
COCC will leverage its uniquely flexible core processing platform with Vanguard Software Group’s LoanVantage to automate the complete Commercial Lending process and deliver unprecedented integration, enabling a truly holistic view of the bank’s most important business lending relationships. The resulting Commercial Lending platform, hosted by COCC, will use the INSIGHT core system as the single source of record to populate LoanVantage daily with the most up to date information available to make Commercial Lending decisions easier and more accurate. Bank and Credit Union staffs will have more information at their fingertips to make consistent decisions, supporting complex business lending activities which have become critically important to every financial institution’s future growth.
“We are extremely pleased to be working with one of the most respected and innovative core providers in the industry,” said John Bagdon, Senior Vice President of Business Development for Vanguard Software Group. “The combination of COCC’s advanced core platform and LoanVantage, the industry leading Commercial Loan Lifecycle Management solution will enable COCC’s financial institution customers to deliver on their key Commercial Lending initiatives. We look forward to leveraging this exciting partnership to all of COCC’s clients.”
COCC is an award winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States for over 47 years. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve. For more information, please contact Michael Nicastro at firstname.lastname@example.org or at 860.678.0444.
About Vanguard Software Group
Vanguard Software Group is dedicated to building industry leading software for the commercial lending industry. Since 2006, Vanguard Software Group has developed robust solutions for commercial lending working directly with our client partners and focused on differentiating each and every one of them from their competition. Vanguard Software Group’s passion is collaborating with client partners to develop systems that significantly improve the efficiencies, output, analytics and accuracy in all areas of commercial lending.
For more information, please contact John Bagdon at email@example.com or at 407.475.0005 x1013.