Specialist lender Together has selected the Xactium risk management system to replace its current spreadsheet process.
Together is a well-established financial services group, listed as one of the UK's top 250 private mid-market growth companies, offering a wide range of loan products tailored to meet the needs of the borrower. These include short-term finance, auction finance, personal, commercial and buy-to-let mortgages and secured loans.
Together will be migrating its risk management data from spreadsheet documents to Xactium in order to streamline its risk management processes. Xactium will allow all areas of the business to update their risks with ease, meaning that all risk management data will be contained within one configurable system. This will give Together visibility of risk across the business in real time, providing the reliable management information required.
John Davis, Head of Risk at Together, commented: “We are continually improving and investing in our infrastructure to support our growth plans, and following a review of our risk management processes, we wanted to move from spreadsheets to a dedicated risk system that would be easy to configure, easily auditable and will provide value for money.”
Andy Evans, Managing Director, Xactium says: “I’m very much looking forward to working with Together to deliver a flexible and a reliable solution to a fast-growing financial services business.”
As a specialist lender to niche markets through an extensive distribution network, Together, which was established in 1974, offers short-term finance, auction finance, residential, buy-to-let and commercial mortgages, and secured loans.
Recent accolades include: Best Bridging Lender, Bridging Lender of the Year, Large Company Management Team of the Year (North West), The Sunday Times Grant Thornton Top Track 250, Best Service from a Bridging Finance Provider, Best for Auction Financing, Alternative Finance Provider of the Year, Best Secured Loan Provider
Together Financial Services, previously Jerrold Holdings Limited, is the parent company of both Together Commercial Finance and Together Personal Finance, and offers a range of products under the trading name of Together.
Xactium is a cloud based Risk Management software vendor that is changing the way that Financial Services organisations evaluate and manage their risk.
Our flexible and collaborative platform ensures that organisations such the FCA, Direct Line Group, JLT and Homeserve can stay up to date and respond rapidly to both business and regulatory change.
Our advanced reporting capability provides a centralised, real-time view of all your risks, controls, actions and incidents. Flexible analytics and workflow tools enable timely and accurate information for decision making and rapid response to escalating issues and risks.