Overview

Freehand is a comprehensive asset finance pricing solution developed by Sopra Banking Software. It serves as the industry standard in the UK for asset finance pricing calculations, offering a robust tool for new business quotations, verification and adjustment of submitted quotes, and performance evaluation of live agreements. Designed for flexibility and scalability, Freehand caters to a wide range of financial models and can be seamlessly integrated into various systems. Its cloud-deployed API ensures consistent and reliable pricing calculations across an organization's operations.

Features and Capabilities

• Comprehensive Calculation Support: Freehand accommodates a diverse array of financial models, including finance leases, operating leases, hire-purchase agreements, and loans. It supports both pre- and post-tax calculations, simple and structured repayment profiles, commissions and subsidies, early settlements, and balloon/refinancing calculations.
• Customization Options: The platform offers extensive customization capabilities, allowing for customer branding, the option to hide unnecessary features, and the ability to adjust controls and parameters based on user groups.
• Cloud-Hosted API: Freehand is available as a cloud-deployed API, providing access to its powerful calculation engine from any location and facilitating integration into various systems. This ensures consistent and reliable pricing calculations across an organization's operations.
• Consistency Across Operations: By utilizing the same calculation engine across front, middle, and back offices, as well as with brokers and introducers, Freehand ensures uniformity and accuracy in pricing calculations throughout the business.
• Scalability and Reliability: Leveraging cloud technology, Freehand's API is highly available and scalable, ensuring that the calculation engine remains dependable even during periods of high volume.
• Customizable API Templates: The Freehand API can be tailored to specific requirements using the Composer templating tool, allowing for simplicity or complexity as needed.