Canada-based Concentra has selected SS&C’s Precision LM management system to oversee its portfolio of commercial loans.

The decision to implement Precision LM is part of Concentra’s strategy of improving infrastructure and processes. The bank is the primary provider of wholesale banking and trust solutions for the credit union system in Canada. It facilitates nearly CA$1 billion in commercial transactions in 2016.

“Precision LM will improve efficiency, provide support for a broad range of commercial loan products, and enable Concentra to advance our offering of commercial lending solutions to credit union partners,” says Harold Chornoboy, Senior Vice President for Commercial Markets at Concentra.

Reilly, SS&C’s Senior Vice President and General Manager, says that the vendor “understands” the “unique requirements of Canadian lenders and servicers”. Precision LM, he adds, is a solution that will enhance Concentra’s operations.

Read more: SS&C acquires Conifer Financial Services in $88.5m deal

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by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: