Toronto, Canada - January 10, 2005: Portfolio+ Inc. is pleased to announce the addition of a Leasing component to Portfolio Plus.
Portfolio+ Inc. entered into a joint application development project with Caribbean Finance Company Limited, who sponsored this initiative after signing a Licence Agreement following a Symposium held March of 2004 in Trinidad. Together we developed a generic Leasing package that accommodates not only their requirements but also provides flexibility in the creation of additional types of Leasing. Full Lease Set-Up is supported with future payment, maturity calculations, full administration and reporting functionality as well as real time buyout calculations. As in all components of Portfolio Plus, all leasing transactions transparently link to the Accounting component (general ledger).
Adaptability and flexibility have always been strong points of Portfolio Plus. The relationship with Caribbean Finance Company Limited and Portfolio Plus and this newly created functionality further prove this.
Caribbean Finance Company Limited was formed in 1971 as the motor vehicle financing associate of Southern Sales and Service Co. Ltd. The company is a subsidiary of Universal Investments Limited, a private investment holding company incorporated in Trinidad and Tobago.
The company has grown steadily since its commencement of operations and now commands a prominent position among non-bank financial institutions providing finance to a wide cross section of the market whilst retaining the valuable linkage to its affiliated companies in the auto business.
Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.
Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.