Big data is one of the terms that we hear more and more now in the business field. The importance of it is not even negotiable anymore: having the advantage to analyze real-time data allows you to be better educated about your leasing business processes and plan your next steps effectively towards growth. Of course, you need suitable tools for that.
Blog
Joint webinar with Australian Finance Industry Association on KPI’s in the Lease Origination process
Are you from the equipment or automotive asset finance space?
Join us on a joint webinar with AFIA (Australian Finance Industry Association) to hear how business process metrics can help your organization continuously improve the lease origination process.
In the past few months, digital banking and other financial services have become crucial for many people and businesses. That is why signing financial agreements is “one of the top 10 processes to digitize: No. 1 is commercial and small business lending; No. 2 is consumer lending,” OneSpan declares.
One of the key factors in sales is to be quick, at least compared to your competitors. The old joke says, “you don’t have to outrun the bear – you just have to outrun other campers”. So when trying to outrun their competitors, businesses need to constantly improve the process and measure it. Let’s take a look at leasing software tools that can help you to evaluate operational KPIs in lease origination.
Are you from the equipment or automotive asset finance business? Join our webinar where we will discuss operational KPI’s such as Time-to-Approval, Time-to-Documentation, Withdrawal rate and more.
Another year has come bringing its unique challenges and opportunities for the global financing industry. Starting out as any other year, the economy felt is first shock at the beginning of March with coronavirus spreading all over the world. It’s clear that economies will be affected, but to what extent is the question. What factors are believed will shape the US financing industry in 2020?
One of the first features that our customers request in our Soft4Leasing implementation projects is, “do you have an interface to credit bureau?” It is then followed by – “can you automate the approval process?”. The first answer is easy – Yes, we do. The technical part of the interface is not a big deal and, of course, it needs to be configured depending on which credit bureau, which country, what services required. The most commonly used services are Experian, Equifax, TransUnion, Creditinfo, Creditsafe.
The World Leasing Yearbook is the leading guide for asset finance and leasing companies. It comprises valuable leasing industry research, insights, and the Leasing Software Report featuring Soft4Leasing.
EV’s are slowly becoming the #1 choice for environmentally-conscious consumers looking to reduce their carbon footprint. With rising demand comes leasing as the preferred method of obtaining an EV, seeing as the cost to buy one cash would be unaffordable for many. Also, FleetEurope.com mentions that EV cars will depreciate in value faster than ICE cars, meaning customers will want to upgrade their EV models more regularly.
Even though servitization (conscious strategy to merge manufacturing and integrated services offerings to provide value-driven outcomes that are scalable and resilient) is not well recognized in the automotive and equipment finance industry yet.