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March 2, 2010updated 12 Apr 2017 4:26pm

In Brief 3

Software house Banqsoft has just signed a major contract with Norways largest financial services group, DnB NOR Finans, covering Norway, Sweden and Denmark. The Nordic lease software specialist, which provides software solutions for the management of credit portfolios including leasing, floorplanning and fleet management, said that the agreement follows a number of strategic contracts with blue-chip financial institutions in the Nordics, including the likes of Santander, Volkswagen and Toyota.

By Antonio Fabrizio

Banqsoft signs contract with DnB NOR Finans

Software house Banqsoft has just signed a major contract with Norway’s largest financial services group, DnB NOR Finans, covering Norway, Sweden and Denmark.

The Nordic lease software specialist, which provides software solutions for the management of credit portfolios including leasing, floorplanning and fleet management, said that the agreement follows a number of strategic contracts with blue-chip financial institutions in the Nordics, including the likes of Santander, Volkswagen and Toyota.

Commenting on the agreement, Per Axelsen, IT development manager at DnB NOR Finans, said: “We believe that the modern and flexible platform of Banqsoft will reduce our operational costs significantly, giving us the ability to focus more on customer processes and the distribution of products.”

Banqsoft is also expanding its business in Central and Eastern Europe, having recently signed a contract with Raiffeisen Leasing, the Vienna-headquartered lessor with a large Eastern European network.

The company has offices in Oslo, Stockholm, Helsinki, Warsaw and Gdansk, and is headed by Stefan Niemi.

IDS releases new version of ProFinia

Leasing industry software producer International Decision Systems (IDS) has announced the release of ProFinia 4.2, the latest version of the company’s lease and loan portfolio management tool.

ProFinia 4.2 reflects the trend of lessors incorporating other types of lending into their product offering, with extended support for what IDS calls a “comprehensive offering of loan products and related functionality”.

The software house said that ProFinia Release 4.2 provides “a range of new capabilities to increase sales, improve efficiencies and customer satisfaction, and meet global operational needs”.

These include support for fixed rate and variable rate lending, mortgage-style repayment schedules and configurable end of term loan options, among other features.

“Leading asset financing organisations continue to look to IDS for global operational improvements as well as the ability to close new business,” said IDS vice-president of products, services, and support, Gerry Perham.

“This new release is another example of the investment IDS continues to make to enable our customers to expand their offerings and improve portfolio management efficiencies.”

White Clarke Group scoops FGA Group

Italy’s FGA Capital has completed the implementation of White Clarke Group (WCG)’s point-of-sale solution CALMS.

The captive, a joint venture between Italy’s car manufacturer Fiat and Crédit Agricole, recently took over the Jaguar Land Rover (JLR) brands and needed to implement a rapid solution for the new business. It appointed the international lease software provider for the task.

WCG said the major challenge was “an immovable deadline with just a three-month delivery window”, but the software house managed to deploy the CALMS application on time and on budget.

WCG sales and marketing director Brendan Gleeson said: “It was very much a joint effort. Our own project people and the FGA project team quickly gelled in to a single unit with a common goal.”

Brian Williams, FGA Capital’s commercial director, said: “It is a huge step forward and our people are very happy with it. It is completely web-based and we have real control.”

“Being able to configure the system internally gives us that all-important speed to market.”

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