Bridging and development finance lender Pivot Finance has chosen Target Group to provide its Bluechip lender system.

Pivot will use Target Bluechip’s processing automation, smart documentation and suite of reports, in addition to its loan administration and broker management modules.

Additional changes have been made to cater for Pivot’s specific product offerings which are focused on a client base of property owners, investors and entrepreneurs.

Ian Larkin, co-group CEO at Target Group, said: “We are delighted to be working with the team at Pivot. Our system will allow them to manage their business more efficiently at a time when access to loans is more crucial than ever for the success of Britain’s small to medium sized enterprises.

“The flexibility and scalability of our solution will also meet the company’s ambitious growth needs, as it continues to expand in the years ahead, while our bespoke system enhancements will support their unique lending proposition.”

Shahil Kotecha, CEO at Pivot, added: “At a time of marked turbulence across the UK economy it is essential for any firm with our capabilities to have an infrastructure which allows us to assist our customers as swiftly and efficiently as possible.

“With this in mind, establishing trust with our clients fundamentally governs the way we operate and the implementation of the system from Target supports us with our goal of delivering transparency in our offering.”