Sunlight Financial and Bodhi Partner to Expedite Post-Sale Documentation, Save Residential Solar Installers Time and Drive Operational Excellence
06 Settembre 2023 - 3:00PM
Business Wire
First-of-its-kind integration streamlines
back-end operations by enabling automated submission of post-sale
documents from installers’ CRMs to Sunlight’s portal, Orange®
Sunlight Financial Holdings Inc. (“Sunlight Financial”,
“Sunlight” or the “Company”) (NYSE: SUNL), a premier,
technology-enabled point-of-sale finance company and Bodhi®, a
leading solar customer experience platform, today announced a new
partnership through which solar installers are empowered to
automatically submit the post-sale documents Sunlight requires via
an integration between Sunlight’s technology portal, Orange®, and
Bodhi’s digital customer experience platform, Bodhi® Pro.
“Sunlight Financial’s new partnership with Bodhi addresses a key
installer pain point, document submission,” said Matt Potere, CEO
of Sunlight Financial. “Our integration with Bodhi will save
installers time and enable Sunlight to access underwriting
materials with greater ease. It’s a classic win-win that will
further simplify and strengthen the Sunlight experience.”
Bodhi’s patented technology platform, Bodhi® Pro, integrates
with installers’ CRMs, project management systems, document storage
services, and monitoring devices. Through the Sunlight-Bodhi
integration, installers that have partnered with both Sunlight and
Bodhi® will no longer have to manually submit project documents to
Sunlight’s proprietary Orange® portal. Going forward, Bodhi® Pro
will automatically submit to Orange® the documentation and solar
system information Sunlight requires to review and approve each
project milestone. In turn, Sunlight’s approval decision will be
automatically reported back to the installer, enhancing operational
efficiency. Bodhi® Pro will also provide homeowners with updates on
progress toward installation via text, email, and installer branded
in-app notifications.
“By automating document submission, we want to not only give
installers time back, but also help them improve operational
efficiency across their business and get paid faster,” said Scott
Nguyen, CEO of Bodhi. “We know that when back-office operations
move faster, cancellation rates go down, reviews and referrals go
up, and companies become more resilient.”
As a bonus, Sunlight Financial’s solar installation partners
will receive for free the first month of Bodhi’s automated solar
customer experience platform, Bodhi® Pro. Sunlight partners will
also receive a 50% discount on Bodhi’s standard implementation fee.
To learn more and take advantage of the partnership, installers can
speak to their Sunlight and Bodhi® representatives or visit
https://sunlightfinancial.com/enroll/.
About Bodhi
Bodhi® is a leading solar customer experience platform. Bodhi®
automates communication and personalizes the homeowners’
experience, so that installers can focus on what they do best -
executing projects, making more sales, and transforming communities
around energy. To learn more, visit bodhi.solar.
About Sunlight Financial
Sunlight Financial (NYSE: SUNL) is a premier, technology-enabled
point-of-sale finance company. Sunlight partners with contractors
nationwide to provide homeowners with financing for the
installation of residential solar systems and other home
improvements. Sunlight’s best-in-class technology and deep credit
expertise simplify and streamline consumer finance, ensuring a fast
and frictionless process for both contractors and homeowners. For
more information, visit www.sunlightfinancial.com.
Forward-Looking Statements
The information included herein and in any oral statements made
in connection herewith may include “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may generally be identified by
the use of words such as “could,” “should,” “would,” “will,” “may,”
“believe,” “anticipate,” “outlook,“ “intend,” “estimate,” “expect,”
“project,” “plan,” “continue,” or the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Sunlight disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date hereof. Sunlight cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Sunlight. Such risks and
uncertainties include, among others: material adverse impacts from
macro-economic conditions including unprecedented interest rate
increases on business, profitability and cash-flow, risks relating
to the uncertainty of the projected operating and financial
information with respect to Sunlight; risks related to Sunlight’s
business and the timing of expected business milestones or results;
global supply chain shortages, competition for skilled labor, and
permitting delays; the effects of competition and regulatory risks,
and the impacts of changes in legislation or regulations on
Sunlight’s future business; the expiration, renewal, modification
or replacement of the federal solar investment tax credit, rebates
and other incentives; the effects of the COVID-19 pandemic on
Sunlight’s business or future results; Sunlight’s ability to
sustain profitability and to attract and retain its relationships
with third parties, including Sunlight’s capital providers and
solar contractors; the financial performance of Sunlight’s capital
providers and contractors; the willingness of Sunlight’s capital
providers to fund loans on terms desired by relevant markets and
economically favorable to Sunlight; the impact of inflation and
increased interest rates on Sunlight’s capital providers and the
cost and availability of credit from our capital providers as well
as on the demand for solar panel installation and home improvement;
changes in the retail prices of traditional utility generated
electricity; the availability of solar panels, batteries and other
components and raw materials; and such other risks and
uncertainties discussed in the “Risk Factors” section of Sunlight’s
Form 10-K as filed with the Securities and Exchange Commission
(“SEC”) on May 4, 2023 and Sunlight's 10-Q as filed with the SEC on
May 15, 2023, and August 9, 2023. Should one or more of the risks
or uncertainties described herein occur, or should underlying
assumptions prove incorrect, actual results and plans could differ
materially from those expressed in any forward-looking statements.
Sunlight’s SEC filings are available publicly on the SEC’s website
at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20230906167710/en/
Media Contacts:
Investor Relations Glenn Cummins investors@sunlightfinancial.com
212.584.2321
Public Relations Yoni Cohen media@sunlightfinancial.com
201.808.5363
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