Fleet News

AlphaCredit selects Miles from Sofico to move into corporate business market

AlphaCredit, the Belgium-based consumer credit arm of BNP Paribas Personal Finance, has implemented the Miles software solution from Sofico as it launches into the small fleet and business market for the first time.

In April last year, AlphaCredit began a tender process to find a fleet software supplier with an IT solution capable of supporting a new start-up of business-specific finance products and services.

An RFI (Request for Information) helped identify the key suppliers and, from that, a shortlist of three was drawn up. AlphaCredit then issued an RFP (Request for Proposal) from which it clearly identified Sofico as the most suitable partner.

The Implementation of Miles began in February this year and was completed on time, just four months later, on July 1.

The speed of the process was helped significantly by Miles’ pre-configured Reference Implementation set-up, which reduces the implementation time required significantly as it is based on common processes in the leasing and finance industry.

Within a short space of time, AlphaCredit was able to offer dealers, captive finance houses and leasing companies a number of finance leasing products and wrap-around services for business customers that it was unable to do before.

AlphaCredit sales director, Gaëtan Vercruysse (pictured), said: “Our challenge now is to build the same high quality reputation in the corporate and business finance market that we currently enjoy within the consumer credit market.

“We believe Miles is the right solution to help achieve that.”

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