Linedata supports the development of Viatelease's financing activities
Sep 19, 2012 (M2 PRESSWIRE via COMTEX) --
Linedata, the global solutions provider for the asset management, insurance and credit community, announces the successful rollout of the Linedata Ekip global solution dedicated to the leasing and credit industry at Viatelease, a financing subsidiary of JPB ID, a telecom group for businesses.
Upon its creation, Viatelease's mission was to finance the marketing of the group's telecom products: equipment, maintenance services, telephone lines, etc. Based on this very broad expertise, in 2010, the group made the decision to position Viatelease's activity at the core of its development strategy by expanding and offering these services to all telephone, office automation, medical and security equipment operators. In order to efficiently handle higher financing contract volumes, Viatelease needed to acquire a back-office management system to interface with their existing front office solution.
The stakes were high for Viatelease: acquiring expertise in a new profession, managing the risk itself and rapidly gaining market share with the goal of becoming a major player in this market segment. To this end, Viatelease considered two options: to develop the application internally or to choose a market software solution.
"For several reasons, the choice of a software package, and specifically Linedata Ekip, quickly proved to be the ideal solution," says Philippe Kacel, Viatelease's Chief Financial Officer. "First, we appreciated the involvement and competent advice given by Linedata's staff who helped us to quickly acquire the expertise we needed with a full transfer of competence. Secondly, we had a very tight schedule and Linedata was able to provide us with a software solution which met our requirements and was operational within three months. Finally, it was essential to integrate Linedata Ekip into our existing "in-house" front office tool and our accounting information system. Linedata provided the appropriate connectors so that all of our applications can communicate with each other allowing us to maintain our workflow performances. We are aware that we are currently using only a small part of Linedata Ekip's functional coverage and we have also been impressed by Linedata's ability to support our future development of new products."
After only several months of use, Viatelease has already substantially increased the specific risk business portion which now amounts to 5%.
Alain Mattei, Director of Linedata's Leasing and Credit Finance Unit, explains: "Linedata Ekip is a software package which is currently used by all types of financial firms including local specialists as well as major finance market players covering all finance activities for individuals and companies. The successful implementation of this project underlines Linedata's ability to accompany a finance company regardless of its requirements in terms of timing, volume, functional and geographical coverage. In order to meet the leasing and credit finance firms' future challenges, we continue our research and development investments including, in particular, the rollout of a new major version, Linedata Ekip360, which will be more intuitive, modular and flexible."
Viatelease is a company specialising in the financing of professional equipment. As a company of the JPB ID group, Viatelease is designed for small and medium-sized enterprises and also offers its financing solutions through its network of partners. Created in 2005, Viatelease has increased its development in 2010 and assists companies and partners in the following areas: Telecoms, Information Technology, Alarm Systems and Office Automation.
For more information, please visit www.viatelease.fr
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the setup of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN:FP. For more information, please visit www.linedata.com 150 lenders and asset finance institutions in 32 countries choose Linedata for their core IT system, a comprehensive software platform dedicated to the lending and asset finance industry with two well-known software solutions: Linedata Ekip and Linedata Profinance. Linedata's offering manages the entire life cycle of a contract, from the first customer contact through to accounting. Its integrated workflow streamlines and optimizes business processes. This multi-country, multi-currency, multi-channel, multi-GAAP offering handles more than 8 million contracts on a daily basis.
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