The firm is calling on major leasing companies with a pan-European presence to get involved in creating the system, which has the potential to slash costs and streamline operations across national boundaries.
Already its computer software, which includes a contract hire and leasing package, accident management software, daily rental systems and a browser-based quoting system, is used by leasing firms which operate 80% of the Fleet News FN50 leased fleet.
A spokesman said: 'Our software means that small leasing companies can grow effectively without increasing their headcount. But we are also co-operating with multinational firms that are keen to get into the pan-European market. People talk about offering a true pan-European leasing operation, but we are in a position to make sure they can offer a service backed by a single system.'
He added: 'We want to finish 2004 with a pan-European leasing system in operation. We see European operations as a major area of growth.
By delivering customers with systems that help productivity, reliability and make them more competitive, we are certain this will help us grow.'
The firm's announcement of its plans for a pan-European system came following its acquisition by the IDS management team and private equity firm Schroder Ventures.