Equipment finance servicing software for lenders and lessors
Equipment finance becomes a servicing business the moment a deal funds. Every loan and lease produces a fixed payment stream, a covenant set, and a reporting obligation, and that post-funding work scales directly with the size of the book. There are no invoices to verify here. The labor is in applying incoming remittances to the right contract, chasing late payments, watching concentration and covenants, and reporting to funders. Zolvo is AI back-office automation for commercial lenders, and it automates the servicing operations for equipment finance lenders. It augments the systems you already run (LoanPro, QuickBooks, and bank feeds via Plaid) rather than replacing them, and it runs under SOC 2 Type II controls with GDPR alignment, AES-256 encryption, and strict tenant isolation. Zolvo does not originate or underwrite and is not your system of record. It automates the servicing layer on top.
Reconcile lease and loan remittances faster
Obligors pay on schedule, but the cash rarely maps cleanly. A single payer may cover several schedules in one ACH, short-pay in a slow month, or remit with a reference that does not name the contract. Zolvo parses incoming bank deposits and applies a confidence score to every match, splitting principal and interest and tying each remittance to the right contract and period. Your team reviews only the exceptions the engine cannot resolve. Zolvo reaches an 87% automatic match rate and 12x faster reconciliation on this kind of payment data. The full workflow lives on our reconciliation page.
Automate collections and dunning on past-due payments
Missed and late lease or loan payments need consistent follow-up, and running that chase out of inboxes lets balances age quietly. Zolvo schedules dunning reminders over email, WhatsApp, and SMS, answers routine borrower questions with an AI assistant, and escalates anything non-routine to your team through our collections automation. Every obligor gets worked the same way every cycle, which protects cure rates without dedicating staff to the chase.
Monitor the portfolio, covenants, and funder reporting
Funders and capital partners expect current visibility into the book. Zolvo's portfolio monitoring tracks concentration by obligor and equipment type, aging, delinquency, advance rates, and covenant thresholds in one view, flagging drift and approaching breaches before quarter close. On-demand reports cover those same metrics with timestamped audit trails for every payment, match, and exception, so you can hand a funder a portfolio snapshot whenever they ask instead of rebuilding it by hand. Together the reconciliation, collections, and monitoring layers cut servicing ops costs by up to 70% as the book grows.
Part of one servicing platform
Equipment finance rarely sits alone in a lender's operation. The same reconciliation, collections, and monitoring engine serves other secured-lending products, including asset-based lending, so your servicing picture stays consistent across the portfolio rather than split across tools.
Frequently asked questions
Does Zolvo verify invoices for equipment finance?
No. Equipment loans and leases do not generate invoices to verify, so Zolvo does not run invoice verification for this vertical. It focuses on the servicing work that does apply: payment reconciliation, collections and dunning, portfolio and covenant monitoring, and funder reporting.
Does Zolvo replace my servicing system?
No. Zolvo augments the system you already use. It connects to platforms like LoanPro and QuickBooks and to bank feeds via Plaid, layering reconciliation, collections, monitoring, and reporting on top. It does not originate, underwrite, or act as the system of record. Most lenders are live in about 2 weeks without ripping anything out.
Is obligor and portfolio data secure?
Zolvo is SOC 2 Type II, GDPR aligned, and AES-256 encrypted, with strict tenant isolation so your portfolio data is never commingled. To see it on your own book, contact us.