LPM Outsourcing says outsourcing on
Back office administration specialist LPM
Outsourcing has said it has recently seen an increase in interest
from finance companies wanting to divest from their “non-core” car
The company, which primarily provides back office
services for finance companies in the event that they become
insolvent, has said it is in talks with two major lessors which
have opted to run out their non-strategic finance portfolios and
divest from the car leasing sector.
LPM Outsourcing’s MD Philip Davies explained:
“These two companies have decided not to do any more business in
the car finance market. They are looking at their options, but
because they can’t sell their portfolios, the run-out solution is
being considered seriously enough.”
He said that when a finance company decides to
divest and chooses LPM to “run out” its existing leasing portfolio,
the most critical point is the migration of the contracts.
To allow this process, Davies said that the company
uses a core platform, which is common to all portfolios it runs
Alongside that, there is a series of specialised
applications which are not integrated and are not related to that
platform but interface with it, and which include an in-house
developed collections module.
epyx adds disposal
Automotive software house epyx has added
a new function to its 1link Disposal Network platform to allow
fleet managers to track their disposal situation more
The software provider said that the newly-added
“dashboard” supplies fleet managers with a wealth of new data,
including information about which vehicles are unsold, which have
been bought but are awaiting payment, which are under offer and
which have been paid for and require movement.
epyx’s head of business development, Ken Trinder,
said that the new tool has been developed in response to increased
requests from fleet managers.
Trinder said: “As fleets dispose of more and more
stock through 1link Disposal Network, they need a means to track
their activity quickly and easily, and the dashboard is our
He added that a number of major companies have
already signed to the Disposal Network platform this year,
including GE Capital Solutions, ING Car Lease, Volkswagen Financial
Services and Inchcape Fleet Solutions.
According to the software house, used car and van
sales to dealers through the 1link Disposal Network e-commerce
platform continued to rise through the second quarter of 2009.
“1link Disposal Network has really started to gain
momentum in the last few months as the recession has prompted
fleets to look for new ways to dispose of vehicles,” said
Cybit uses telematics to help tackle
Vehicle tracking solutions provider Cybit
has launched a new tool to help managers identify and tackle
The new individual road speed management-reporting
tool, called SpeedSafe, is a module which creates driver
performance reports that assign points to drivers based on
instances of speeding, with severe infractions accruing more
The company explained that these totals are then
ranked on a monthly basis and can be broken down as required by the
manager – for example by days of the week – to drill down into
Cybit’s speed management package, which includes
individual roads’ limits, is part of a “duty of care” module that
automatically reports on telematics driven data such as excessive
journeys, distances driven without breaks and other driver metrics,
which are then combined with fleet management information such as
vehicle servicing, driver training and licensing checks.
John Wisdom, Cybit’s sales and marketing director,
said: “From a board perspective, the duty of care module is a
comprehensive risk management solution, while operationally we
automate many of the processes to provide documented compliance
Mondial Assistance develops fleet and
lease telematics tool
Mondial Assistance UK, a provider of
speciality insurance and assistance services, has announced it will
be offering a set of solutions to fleet and leasing customers in
the UK with a focus on roadside assistance, service maintenance and
duty of care.
The company said that with the change in Duty of
Care legislation, it decided to widen the scope of its “Duty of
Care” services and deliver its solutions to the fleet and leasing
According to the company, its telematics solution –
which incorporates a dedicated web portal – is set to provide fleet
managers with real-time access to a range of vehicle and journey
data in order to enable improvements in customer service,
productivity and incident detection.
The company also explained that this tool would put
managers more “in control” by helping them ensure drivers adhere to
health and safety guidelines, and monitor driving behaviour to
raise awareness among drivers to reduce wear and tear on vehicles
and cut down emissions.
Justin Lamba, fleet and leasing business
development manager, commented: “For many years, Mondial Assistance
has been providing motor manufacturers with bespoke services,
designed to enhance customer care, loyalty and retention.
“Our tailor-made approach will now look after fleet
drivers, while boosting profits,” he added.