Amur Equipment Finance launches AI tool for credit apps

Amur Equipment Finance has launched Deal Sense, an AI-powered tool designed to help its lending partners evaluate credit applications within minutes.

The tool provides an automated summary of a credit application, including guarantor and business credit strength, trade lines, comparable debt, customer and equipment summaries, and a high-level bank review when available, according to an Amur release today. Deal Sense also offers guidance on how well a transaction aligns with Amur’s financing programs.

The tool is available through Amur’s Partner Access Workspace. After a Deal Sense report has been issued, partners can price transactions and monitor deals using other tools in the platform.

“Amur has been in equipment finance for 30 years, so we have a clear sense of what the customer wants and the value chain that produces it,” Jeremy Gillam, senior vice president and head of technology at Amur, stated in the release. “This gives us the ability to build something that really adds value – reducing friction and delivering a more seamless customer and partner journey at scale.”

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