Tavant Announces Go-Live of TRACS, a Truck Registration and Claim System for Mitsubishi Logisnext Americas
SANTA CLARA, CA (December 16, 2021) – Tavant, Silicon Valley’s leading digital products and solutions company, today announced the rollout of TRACS, a truck registration and claim system purpose-built for Mitsubishi Logisnext Americas. The rollout of TRACS will provide a single platform that enables warranty and claims management across business units while also providing the company with a unified view across their operations. “An overarching, long-term goal for Mitsubishi Logisnext Americas is to create a stronger, more efficient business, and this means implementing the infrastructure that will bring them closer to being a unified operation,” said Bryon Vandergriff, Senior Manager, Product Services at Mitsubishi Logisnext Americas. “We adopted this vision and set out to create a 360-degree unified view for efficient claims management. Our strategic partnership with Tavant aligns with this vision, and as a result, TRACS was developed to provide a unified view while also implementing configurable business rules to avoid duplicate/fraud claims and reducing the maintenance of the application.” The web-based application’s primary purpose is to provide warranty management services, including capabilities that allow Mitsubishi Logisnext Americas employees, dealers, and partners to add and manage warranty policies on individual products. For smaller companies with a low number of machines, warranty management is a somewhat manageable task. For large companies with thousands of machines, however, managing hundreds — if not thousands — of competing warranties requires a prohibitive amount of administration. As such, TRACS is set to significantly impact the way Mitsubishi Logisnext Americas processes and manages their warranties and claims. In addition to providing the infrastructure for warranty management, the TRACS application provides access to organizational information, including warranty management in one central place; higher visibility into the claims management process; improved collaboration between Mitsubishi Logisnext Americas, their dealers, and their suppliers; a streamlined, more efficient service experience; improved claim cycles, and improved overall productivity. The application integrates seamlessly with the Mitsubishi Logisnext Americas Learning Management System to ensure all repairs are performed by qualified and certified technicians, ensuring the highest customer experience. “The development and rollout of TRACS not only provides Mitsubishi Logisnext Americas with a comprehensive tool for warranty and claims management but also helps bring Tavant one step closer to our aim of disrupting and transforming the warranty and service life-cycle,” said Roshan Pinto, Head of Manufacturing, Tavant. “TRACS is a strong example of our dedication to creating predictability, providing and improving access to insightful information, streamlining decision making, and facilitating cross-functional collaboration and trust across all stakeholders within the aftersales ecosystem.” For more information on warranty management and other aftermarket service solutions offered by Tavant, or to contact the team to discuss your needs, please visit: tavant.com/warranty. About Mitsubishi Logisnext Americas Mitsubishi Logisnext Americas Inc. and its group companies have helped customers Move The World Forward for more than 100 years. A technology-driven manufacturer, Mitsubishi Logisnext Americas offers scalable solutions from material handling to automation and extensive fleet support. Headquartered in Houston, Texas, its complete portfolio of advanced solutions spans across five leading brands – Mitsubishi forklift trucks, Cat® lift trucks, Rocla AGV Solutions, UniCarriers® Forklifts and Jungheinrich® warehouse and automation products. All products are backed by an extensive dealer network offering industry-leading customer service and product support.
Tavant Partners with LogRocket to Expand Data & Analytics Capabilities of VΞLOX Lending Platform
SANTA CLARA, Calif., Dec. 9, 2021 SANTA CLARA, Calif., Dec. 9, 2021 –Tavant, a top Silicon Valley-based provider of digital lending technologies, today announced a strategic partnership with LogRocket, a data and analytics company based in Boston, to enhance consumer lending experiences for American homebuyers. Tavant’s AI-powered consumer lending platform – VΞLOX – provides unique, differentiated, customer-centric lending experiences. These data and analytics enhancements enable mortgage providers to identify how their lending process can better satisfy borrowers’ unique expectations, and with VΞLOX, they have the freedom to configure changes that will improve customer engagement and increase conversion rates. “Partnering with LogRocket enables us to understand customer journeys better and deliver customer-centric borrowing experiences,” said Abhinav Asthana, Head of Fintech Product at Tavant. “Within VΞLOX, the data from LogRocket helps Tavant and our clients to identify key areas of friction and pain-points customers face today in the mortgage application process, important capabilities as we work towards our vision of hyper-personalized lending strategies.” LogRocket offers frontend performance monitoring and product/UX analytics to help their partners improve their online experiences and continue to engage millions of active users daily. “At LogRocket, we take pride in building software with the care and craftsmanship needed to deliver amazing user experiences for all of our trusted partners,” said Matthew Arbesfeld, CEO and Co-Founder at Logrocket. “Tavant’s consumer lending platform now has the tools it needs to track consumer behavior, monitor feature functionality, and holistically measure success.” Tavant’s VΞLOX digital lending platform solves the most complex lender and borrower challenges while also maximizing the utilization of data-driven decision-making. VΞLOX’s workflows and 150+ third-party integrations allow customers to be more self-service and loan officers to close loans faster. Tavant’s growing customer base originates one out of every four loans in the U.S. Find Tavant on LinkedIn and Twitter. About Logrocket LogRocket provides modern frontend monitoring and product analytics that empowers software teams to create the ideal web and mobile product experience. The company’s award-winning solution combines session replay, performance monitoring, and product analytics, allowing their 2,500+ global customers to provide an optimal user experience every time. Founded in 2016 in Boston, MA, the company is backed by Battery Ventures and Matrix Partners. For more information, visit https://logrocket.com. Media Contact: Anna Stanley/Adrie Morales [email protected]/[email protected] 251-517-7857/678-781-7227
Tavant Transforms Service Life-cycle Management with Enhanced Connected Service Experience
SANTA CLARA, CA (September 30, 2021) – Tavant, the global leader in Service Life-cycle Management (SLM), today announced the expansion of its solution suite to enhance service delivery experience, drive sustainability, and capture aftermarket lifetime value. The expanded solution builds a single source of information designed to help OEMs and their suppliers improve how they develop, maintain, and service their products. Powered by AI, the SLM suite will enable manufacturers to gain better insights into end-to-end aftermarket processes like warranty and claims, service parts, field management, predictive maintenance, operating conditions, wear and tear, parts failures, and support. This suite also helps in improving service processes like parts refurbishment, scrap management, parts management, waste management, and optimizing the carbon footprint in the manufacturing ecosystem. “AI and Analytics must be a strategic part of the overall service experience for the manufacturer,” says Aly Pinder, Program Director, Service Innovation at IDC. “In order to make sense of the rich data opportunity within the service life-cycle, organizations will need to rethink all aspects of service life-cycle management including the role of connected machines, devices and efficient processes and how they impact their service business.” “As systems and products become smart and connected, companies today need to emphasize data to drive business decisions. Tavant’s vision is to create a 360-degree view of the service life-cycle processes for manufacturers, their channel partners, and customers. Our future-proof SLM suite gives businesses a competitive advantage by enabling exceptional service experiences for their customers while driving high service revenues,” said Roshan Pinto, Head of Manufacturing, Tavant. “The manufacturing industry is one of the largest contributors to greenhouse gas emissions worldwide. Built with a data-first approach, Tavant’s SLM suite is architected to provide a more comprehensive look to the service processes with actionable insights for a far-reaching approach to sustainability and carbon footprint analysis,” Roshan added. To learn more about Tavant’s Service Life-cycle Management Suite. Find Tavant on LinkedIn and Twitter. Media Contact: Len Fernandes Firecracker PR [email protected] (888) 317-4687 ext. 707
Tavant Ranks on the IDC FinTech Top for Third year in a Row
SANTA CLARA, Calif., September 23, 2021 SANTA CLARA, Calif.–(BUSINESS WIRE)–Tavant, a Silicon Valley-based provider of industry-leading digital lending technologies, announced today that it has been named to the 2021 IDC FinTech Rankings, the most comprehensive vendor ranking within the financial services industry, for the third consecutive year in a row. The 18th annual IDC Financial Insights FinTech Rankings recognizes companies that are among the top financial technology providers worldwide. This Fortune 500-style ranking is based on 2020 calendar year revenues of hardware, software and IT services from financial institutions. These global providers of financial technology are then categorized and evaluated by IDC to determine key players in the space. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach over a trillion dollars by 2025. “Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” said Marc DeCastro, Research Director at IDC Financial Insights. “The IDC FinTech Rankings, now in its 18th year, is the global standard list of fintech providers to the industry, and we congratulate the 2021 winners.” The annual IDC FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FinTech Rankings serve as a critical tool for financial institutions and companies to use during strategic planning and to review whenever they consider new investments in third-party solutions. Hassan Rashid, CRO, Tavant, said, “IDC Financial Insights is a recognized thought leader in our industry, and we are honored to be included in its annual fintech ranking for the third year. Our long history of commitment to innovation and providing our customers a competitive edge in an increasingly demanding market has facilitated Tavant’s tremendous growth and is a testament to our dedication. Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. We have achieved this through consistently focusing on our people, the passion we bring to the partnerships and all-round excellence in everything we undertake.” Tavant and the additional vendors featured in the 2021 IDC FinTech Rankings lead the charge in guiding financial institutions toward successfully executing digital transformation initiatives in an increasingly digital economy. For more information about the rankings, click HERE and follow on Twitter @IDC and look for #IDCFinTechRankings. Find Tavant on LinkedIn and Twitter. Media Contact: Adrie Morales [email protected] 678-781-7227
Top Lender Selects Tavant as its Broker Experience Partner and Digital Transformation Agent
SANTA CLARA, CA, Sept. 14, 2021 Tavant, a Silicon Valley-based digital lending solutions leader, announced its broker experience partnership with a top lender. This lender’s new FinXperience platform features a seamless, end-to-end digital lending experience that reduces processing time and the overall cost of loan origination. Partnering with Tavant allows this lender to rapidly expand its wholesale business over the next two years. FinXperience brings all parties in the lending process to one collaborative platform, providing a more efficient lending experience. FinXperience is powered by Tavant’s digital lending platform, VΞLOX, and provides real-time data exchange to ensure a more fluid experience to boost productivity and reduce loan cycle times. The platform enables providers like this lender to expedite their processing and approval times while also ensuring compliance with regulatory requirements. Hassan Rashid, CRO of Tavant, said, “Launching a new, customer-focused platform for this lender is a significant competitive advantage in an increasingly fierce market. This strategic partnership will be the accelerant that this lender needs to succeed in its digital transformation initiatives. We can’t wait to equip their team with a design-centric approach that enables a smooth and easy digital experience to satisfy ever-evolving customer expectations.” This lender joins Tavant’s growing customer base, which originates one out of every four loans in the U.S. The Tavant VΞLOX suite of products solves even the most complex lender and borrower challenges while also maximizing the utilization of data-driven decision making. Find Tavant on LinkedIn and Twitter.
Tavant Launches Disruptive New Platform – Touchless Lending
SANTA CLARA, Calif., July 22, 2021 Accelerating loan manufacturing with AI. Tavant, Silicon Valley’s leading digital lending solutions provider, today announced the availability of its new Touchless LendingTM platform. This AI-powered lending-as-a-service platform maximizes the use of data-driven processes to provide an end-to-end loan manufacturing experience. Touchless Lending’s first product line is mortgage-centric and designed to address key pain points within the mortgage industry. By reducing lengthy origination cycles and removing unnecessary touchpoints, Touchless Lending enables lenders to originate more mortgage loans faster, while also reducing costs. Over the last year, changes in behavioral patterns have shifted much of the home buying process to online interactions. It is now more crucial than ever that mortgage lenders consistently provide seamless digital experiences – to stay both ahead of the competition and in-line with ever-increasing borrower expectations. Touchless Lending delivers exactly what borrowers need, and more by enabling faster e-closing and open communication channels across touchpoints. Loan officers, processors and underwriters can use Touchless Lending’s optimized workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry. The Touchless Lending platform integrates effortlessly with existing core systems, including the LOS, and efficiently automates mortgage production. Sarvesh Mahesh, CEO, Tavant, said, “Now more than ever, companies are hungry for more robust data. They want to make better decisions and automate routine processes to become more efficient, reduce errors and lower costs. Data is the key to making those happen, and Touchless Lending is the tool lenders need to make the best uses of their data.” “The mortgage industry is still not meeting borrower expectations,” added Mohammad Rashid, Head of Tavant’s Fintech Practice. “On average, mortgages are taking 51 days to close, which is unacceptably slow in our on-demand world. Underwriters and processors do not have the tools they need to get the job done efficiently and effectively. Touchless Lending focuses on these overlooked middle and back-office associates, now enabling them to make a clear-to-close decision in as little as five days, handle five times as many mortgages at once and reduce processing and underwriting costs by over 75% per mortgage.” Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four mortgage loans in the United States. As the leading provider of Fintech software and solutions for 20+ years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right leading-edge solutions. Tavant’s new Touchless Lending platform is an exciting addition to its already robust suite of digital products and solutions, which continue to allow customers to optimize their back-office, simplify their mid-office, and transform their front-end consumer experience into an efficient digital data stream. Find Tavant on LinkedIn and Twitter.
PanAmerican Seed Leverages Tavant’s Artificial Intelligence Expertise to Optimize its Seed Production Process
SANTA CLARA, CA (JULY 14, 2021) Data-driven predictive analytics will empower a sustainable tomorrow. Tavant, a digital products and solutions company, today announced it has partnered with PanAmerican Seed, which is a part of Ball Horticultural Company, a leader in all facets of horticulture. The partnership will help Ball Horticultural company create its master data lake platform architecture and further allow them to reduce overall seed production costs. Tavant’s innovative solution, powered by advanced analytics, machine learning, and Microsoft Azure data services, will enable Ball Horticultural Company with real-time actionable insights to address supply and demand needs for developing, producing, and distributing commercial seeds and flowers for thousands of ornamental crops. Tavant will combine machine learning techniques with Ball Horticultural Company’s century-long experience and science of seed germination to predict and improve the overall pod outcome. Tavant’s master data lake architecture will be a centralized repository that will allow Ball Horticultural Company to store all its unstructured and structured data at scale. The machine learning-based models and advanced analytics with rich dashboards and visualization will enable better decision-making for the business. “We have been exploring ways to predict the demand and supply of its F1 hybrid and open-pollinated seeds. Our goal is to cost optimize the labor-intensive specialty crop agriculture business,” said Gus Tassara, Global Director of PanAmerican Seed. “By leveraging artificial intelligence and machine learning technologies, we expect swift decision making, continue to be reliable, and stay ahead in the industry.” “We are excited to partner with Tavant and leverage their deep engineering expertise and knowledge of the agriculture technology domain. This collaboration will help us fast forward our business and serve our customers better,” added Tassara. “Tavant’s partnership with Ball Horticultural Company brings our Agtech and machine learning capabilities into their ecosystem. Our goal is to optimize the yield and maximize their return on investment,” said Vikas Khosla, Executive Vice President of Tavant. “Our strong partnership and joint technology research focus with Microsoft will enable Ball Horticultural Company to improve productivity with data-driven decision-making.” “This is the decade of connectivity fueled agriculture. Microsoft is committed to open agriculture platforms that enable customers like PanAmerican Seed to grow more with less while protecting the Planet. Together with Tavant, we intend to bring the benefits of machine learning to sustainable farming.” said John Workman, Data and AI Solutions Specialist, Microsoft. About Ball Horticultural Company Ball Horticultural Company and its global family of breeders, research and development teams, suppliers, and distribution companies has a strong presence on six continents in 20 countries. Launched by George J. Ball in 1905 as a wholesale cut flower operation, our company has grown to color the world and transform garden dreams into reality. Our plants and products are making history in the world of gardening. Among these are award-winning flowers, vegetables, perennials, roses and shrubs recognized worldwide for their performance and consumer appeal. www.ballhort.com Find Tavant on LinkedIn and Twitter. Media Contact: Jennifer Rodriguez Firecracker PR [email protected] (888) 317-4687 ext. 702
Tavant Invited to Speak at a Leading Data and Analytics Conference
Santa Clara, Calif., June 22, 2021 Data & Analytics Live: US, a fully virtual event, will feature Tavant’s head of AI on June 23, 2021 Tavant, a leading digital products and solutions company, today announced its participation as a speaker and a sponsor at the upcoming Data & Analytics Live: US event, to be held virtually from June 22 – 24, 2021. At the event, Dr. Atul Varshneya, VP – AI, Tavant will talk about ‘Operationalizing AI – Experimentation to Execution’ at a session on June 23, 2.10 p.m. EDT. Tavant realizes that AI and analytics leaders face a gap in translating the machine learning solutions from the experimental stage to actual execution. In the session, Tavant will explain how transformed companies build an organization based on tools, techniques, and practical experiences that transform theoretical ML knowledge into production-ready and deployable solutions that deliver the promised value. “AI and ML models are becoming a vital element for business success in enterprises across industries. Businesses need better and faster ways to execute their AI solutions in real-world environments to enable them to cut down costs, work more efficiently, and speed up the rollout of new AI services and products for customers. As enterprises across industries are weaving AI/ML into their solutions, they find just how intricate it is to deploy and maintain ML based solutions. Our key focus is to provide our customers with the capability to customize, update and maintain their solutions based on their challenging business requirements and to take advantage of the promise of AI,” said Dr. Atul Varshneya, VP, Artificial Intelligence. The Data and Analytics Live: US is one of the largest virtual gatherings of data analytics leaders and is expected to have more than 500 attendees. The event will witness speakers from other leading organizations like Twitter, Goldman Sachs, Zynga, Takeda, Comcast, Johnson and Johnson, Mars, BP, Pfizer, Kaiser Permanente, Regions Bank, and Prudential Financial. The event will provide the connections, best practices, and insights you need to realize business value from data, empowering you with actionable insights to maximize your company’s return on data and analytics. Meet Tavant’s AI leaders at the Data and Analytics Live: US to learn how our AI technology solutions can help you unlock new possibilities. Learn more about the event here. Find Tavant on LinkedIn and Twitter.
Tavant, LoanBeam Partner to Enhance Digital Mortgage Experience with Automated Income Calculation
SANTA CLARA, Calif., June 10, 2021 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced a strategic partnership with LoanBeam, a mortgage technology leader that specializes in data extraction and income calculation, to further enhance the digital mortgage experience with automated borrower income calculation. LoanBeam’s APPSolute™ suite of automated income analysis tools is now integrated with Tavant’s FinConnect, helping lenders close loans faster by standardizing and streamlining the application process, removing human error, increasing transparency, and improving accuracy. The integration of LoanBeam’s APPSolute tax software with Tavant’s FinConnect suite of connectors allows users to simplify the lending process and close loans faster — with the advantage of receiving Representation and Warranty (R&W) from Fannie Mae™ and Freddie Mac™ for select features and functionality. Additionally, Tavant’s Digital Loan Factory now includes LoanBeam’s configurable income analysis services for straight-through processing automated underwriting, drastically reducing the time it takes loan officers, processors, and underwriters to calculate and review borrower qualifying income. “Like Tavant, our mission is to empower lenders with modern, innovative technology solutions that automate processes and enhance the overall digital mortgage experience,” said Jerry Melia, COO, LoanBeam. “We are excited to be included in Tavant’s FinConnect hub to provide even more lenders and investors the opportunity to grow their business while mitigating risk. We are pleased to partner with Tavant on the integration of APPSolute Tax and look forward to working with them on our other products and services including APPSolute Wage, APPSolute Transcripts and APPSolute Payments.” FinConnect is a component of Tavant’s AI-powered digital lending suite of products — VΞLOX — that seamlessly connects the internal and external systems of the mortgage ecosystem, enabling an intuitive, end-to-end digital mortgage experience. FinConnect is a modern mortgage data and services hub that provides lenders plug-and-play access to 130 connectors from more than 60 service providers, helping lenders close more loans faster, with improved accuracy and reduced risk. LoanBeam, the industry standard in automated income calculation, leverages advanced scanning technologies and patented algorithms to reduce multiple streams of income into a single, easy-to-read electronic output. LoanBeam saves lenders time and money while improving accuracy. “Our industry has undergone dramatic changes this past year, and we are constantly seeking new ways to help lenders navigate this new normal,” said Mohammad Rashid, Head of Fintech, Tavant. “Income calculation is one of those areas that has become even more complex in recent months, and partnering with LoanBeam to automate this process helps lenders close more business faster, without incurring any additional risk. LoanBeam’s integration into FinConnect is of immense value to Tavant’s customers. Our ongoing commitment to simplifying the mortgage experience, while providing best-in-class technology, is significantly driving the adoption of a fully digital mortgage.” Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. About LoanBeam LoanBeam, a subsidiary of Navesink Mortgage Services, is a Dallas-based fintech company specializing in document conversion, data extraction, and income calculation. LoanBeam underpins the mortgage approval process of the mortgage industry’s most recognizable brands. Find Tavant on LinkedIn and Twitter. Media Contact: Anna Stanley [email protected] 251.517.7857
Tavant Launches AI-Powered Next-Gen Test Automation Framework
SANTA CLARA, Calif., June 3, 2021 Tavant, a digital products and solutions company, today announced the new version of its end-to-end test automation framework, FIRE 5.0 (Framework for Intelligent and Rapid Execution). Tavant’s FIRE 5.0 is a comprehensive tool and technology agnostic-test automation framework. This framework can orchestrate multiple automation tools and technologies, including (but not limited to) Selenium, Appium, Cypress, Protractor, Microfocus and Java, C#, F#, Python, and PHP. FIRE 5.0 accelerates the time to market while simultaneously aiding developers to enable dual-shift of the software development lifecycle to gauge the consumer experience and provide continuous feedback into the system. Powered by AI, the test automation framework ensures speed to market and superior quality software. FIRE 5.0 is now more powerful with an updated framework that covers a broader set of technologies and addresses the major issues of test execution time for analytics, API, performance, security, web, and mobile. The customizable, nonproprietary, and loosely coupled platform contains domain-specific features for industries like Media, Manufacturing, and Fintech can be used in snippets to fill in the gaps to achieve optimization where it is needed the most while providing quick turnaround and comprehensive automated test coverage with limited manual intervention. “While most organizations are able to achieve 80-90% efficiency in their optimization due to automation, they are rarely able to increase efficiency beyond 90%,” said Chakri Devarakonda, Head of Quality Engineering, Tavant. “FIRE 5.0 is helping clients achieve this higher efficiency with its solution accelerators to increase productivity, enhance quality, and deliver a faster time to market providing a competitive strategic market advantage.” Test automation is an integral part of an organization’s test strategy, and our goal is to continuously innovate and improve to bring AI-powered next-gen test automation solutions that address changing market dynamics due to digital transformation such as DevOps, agile software development, and AI, which have resulted in increasing challenges for businesses. With its updated features, FIRE 5.0 users now experience the ease of scripting, faster feedback, enhanced test coverage, distributed execution, continuous testing, and cloud-based execution for accelerated execution. Prominent features include: BDD (Behavior Driven Development) enabled tests DB supported centralized test reporting Performance tests Custom device farm (OTT, Mobile) New Relic integration for test status Slack integration for critical failure notification Test health check & auto maintenance minders CI / CD compliant Cloud device farm For more information on Tavant FIRE visit: https://tavant.com/quality-engineering/fire Find Tavant on LinkedIn and Twitter. Media Contact: Len Fernandes Firecracker PR (888) 317-4687 ext. 707 [email protected]