Fintech company Quotevine has launched a new platform Luca to allow lending and leasing finance businesses modernise and streamline their operations.
Luca was created with ‘servitisation in mind’ and looks to join up the “currently fragmented processes that exist within the front and back offices of many of these finance businesses today.”
It also looks to prepare customers and their businesses for the future by offering administration and visibility over one or multiple portfolios providing tools to help streamline and automate tasks that take up time.
The tools include intelligent accounting, lease and loan management, cash flow management, direct debt functionality, automated loan assignment pay-out and customer engagement.
The platform will operate in accordance with the latest FCA accounting standards.
Daniel Layne founder and chief executive of Quotevine said: “The market is changing. We wanted to provide our customers with a foundational product that can adapt and prepares them for the future by coping with the inevitable evolution. As end users start to demand more convenient offerings, such as subscription leasing and dynamic pricing, asset and automotive finance businesses must in turn start to demand more from their IT solutions.
“Without a stable platform that connects all points of the business journey in a smart way, and which offers a way to streamline existing processes, this modernisation will not occur. Luca is that platform, and with it businesses can start to fulfil new opportunities that set them apart from the competition. Built with servitisation in mind it allows customers to start to truly gain an advantage,” he added.
Quotevine offer cloud solutions to assist businesses in the auto finance and asset finance industries.
They provide a suite of SaaS solutions with a digital first approach which enables them to deliver the expertise of a large business.
They have over 75 years combined experience in the asset finance, automotive finance, and digital and banking tech space.