Hyundai Commercial and Hyundai Capital have entered an agreement with asset finance software provider Cassiopae.
The deal, which began in June 2015, will see Hyundai Commercial offer its commercial finance services through Cassiopae V4.5 leasing software, with self-serve portals in Hyundai branches for its auto lease products.
Go deeper with GlobalData
Cassiopae said the implementations in South Korea are the first in a multi-year project, which will involve further countries and other business units.
The implementation of the agreement will see 19 million contracts and 58 million deals, including credit finance, from Hyundai Capital and Hyundai commercial migrate to be integrated into the Cassiopae system.
According to Cassiopae, over 4,500 Hyundai users already interact with its system, with over 3,500 deals processed within the first few weeks of production.
Gun Woo Kim, chief investment officer of Hyundai Capital, Hyundai Commercial, an Hyundai Credit Card said: “Hyundai Capital has integrated auto lease, auto instalment, and retail loan into one single system based on the Cassiopae solution.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“This is the first successful case of applying a packaged solution to core financial business in Korea and Hyundai Capital has a plan to deploy this platform to its global business entities.”
