ENGS Commercial Finance Co. Streamlines Companywide Process with New Box Integration

ENGS Commercial Finance Co. (“ENGS”), a member of Mitsubishi HC Capital Group (“MHC”) and a market leading commercial finance company providing best-in-class, technology-enabled financing solutions to sellers and buyers of commercial equipment, announced an integration with Box, a leader in cloud content management, to elevate its back-office system for securely managing customer account records.

The Box integration is the latest in a long line of ongoing technology innovations by ENGS. Pairing decades of experience in commercial finance with cutting-edge technology and digital strategy, ENGS is leading the industry by leveraging data to drive incremental sales, process optimization, and actionable data analytics through Sales, Credit/Risk, and Operations. To deliver a state-of-the-art experience for customers and vendors alike, ENGS has created a powerful and intuitive vendor- facing deal flow platform, PROPEL, that delivers quick and easy credit application submission and decisioning, with self-service access 24/7. ENGS’ integration with Box’s industry leading cloud content management platform continues to distinguish them as a digital FINTECH leader in the equipment finance space.

Despite the intricate and complex nature of the solutions that ENGS employs, the result of its FINTECH efforts is quite simple: to provide more streamlined application management and approval processes for both vendors and employees, also offering simplified account management and access to customers.

By incorporating Box’s highly advanced Content Cloud platform into its larger FINTECH undertakings, ENGS will make its account records highly secure and easier to access. The new integration seamlessly facilitates the submission, retrieval, revision, and exchange of vital contract and account information. Furthermore, Box places an extraordinary emphasis on full financial regulatory compliance.

Speaking on his company’s new partnership, Christopher Johanneson, Managing Director of Operations, Marketing and Digital Strategy for ENGS, praised the Box Content Cloud’s ability to add value to critical ENGS business functions. “With a lot of credit to Box, we have eliminated what previously was a manual and cumbersome process by effortlessly storing important contract and account information.” Johanneson continued, “This has translated into a significant reduction in company overhead as well as lost productivity allowing the business to focus on delivering the best customer experience.”

“ENGS is an outstanding example of a truly digital enterprise, and we are thrilled to be working with them to deliver a more secure, connected and streamlined business environment that protects their most valuable content,” said Vaneet Grewal, Managing Director, Financial Services at Box.

For more information on this press release, please visit our website at www.engsfinance.com or call us at (800) 369-2391.

ABOUT ENGS COMMERCIAL FINANCE CO.:

ENGS Commercial Finance Co. (“ENGS”), a member of Mitsubishi HC Capital Group (“MHC”), one of the largest and most respected brands in the world, is a market leading commercial finance company providing best-in-class, technology-enabled financing solutions to sellers and buyers of commercial equipment. ENGS is an industry expert committed to Service, Speed and Simplicity. The ENGS Digital FINTECH platform offers a 100% digital finance and service solution for greater efficiency and streamlined customer experience. Through ENGS Commercial Capital LLC, ENGS provides leading Working Capital products. ENGS is expanding its asset platform through non-lending businesses such as insurance solutions through ENGS Insurance Agency LLC. ENGS is also committed to supporting MHC’s global social goals by delivering financing offerings in the renewable and alternative energy markets.