The leasing industry is undergoing significant transformation ignited by technological innovation, rapid digitization, and its influence on consumer behaviour and expectations. Businesses are striving to survive in an extremely competitive and regulated market.
Servicing the global leasing industry is one of the key focus areas for Hexaware. We have been working with leading leasing institutions and leasing product vendors for over a decade, helping them transform their business and technology landscape and digitizing business processes by harnessing innovative data management solutions. With the complexities of asset-based finance origination, contract management, and valuation, automation in acquiring and servicing business customers (lessors and lessees) with the use of IoT technologies and AI / ML to drive longer-term value, for all business stakeholders in the leasing landscape.
Our comprehensive digital transformation solution portfolio spans across all the functional areas across the leasing landscape. Backed by extensive domain expertise, our offering empowers you to enhance operational agility, responsiveness and accelerates business growth. To ensure we deliver incremental value, without inducing undue risk, we have developed strategic alliances with leading leasing training and consulting organizations. We have also institutionalized the domain training process to build robust capabilities.
Hexaware’s digital transformation solution portfolio for the leasing industry includes:
We also offer strategic consulting services, tailored to your specific business requirements. Our leasing services will help you in leveraging the latest technology trends, reinventing processes and enhancing business efficiency.
We also offer strategic consulting services tailored to your specific business requirements. These help you leverage the latest technology trends to re-invent processes and enhance business efficiency.
As the asset finance sector evolves rapidly, companies face significant challenges due to regulatory changes, increasing competition, and profitability pressures. Becoming knowledge-based is critical to gain a competitive advantage in this evolving landscape. Realizing that Big Data can help address these challenges and transform operations, asset financiers have been investing in technologies to capture and analyse data to build business intelligence. However, a majority of the industry players lack sophisticated analytical capabilities to harness Big Data to its full potential.
Asset finance companies that embrace predictive analytics, AI and ML, will not only be able to develop a future-ready enterprise but also stay ahead of the curve. It will help them drive smarter insights to proactively respond to dynamic market requirements.
Hexaware offers comprehensive Big Data-based analytical solutions (as shown in Figure 1) that span across leasing business domains. Combining in-depth domain expertise, extensive analytical capabilities, and advanced technology solutions, we help you improve operational efficiency and maximize profitability while mitigating risk and optimizing costs.
Evolving customer behavior and expectations in the face of rapid digitization and stringent regulatory reforms are reshaping the leasing industry. To respond to these changing market dynamics, companies need to provide greater transparency and drive deeper customer engagement. While most of the leasing companies offer quotes online, the after sales service and customer interaction is largely handled manually making the process fragmented, less transparent, and inefficient.
Hexaware offers an innovative customer portal solution that helps digitize and streamline customer interactions across the contract lifecycle. It not only offers greater portfolio management capabilities but also provides complete visibility into critical information. In addition, our portal solution enables your customer to:
The solution provides a platform for you to better engage with your customer and deliver a superior experience. It also provides cross and up-selling opportunities to drive business growth and profitability.
Leasing companies rely on paper-based manual processes for monitoring and tracking leased assets. This makes the process considerably time-consuming, inaccurate, and complex, leading to significant cost and operational implications, and in turn negatively impacting profitability and customer experience.
Harnessing the power of the Internet of Things (IoT) combined with data driven analytics, Hexaware offers a comprehensive asset tracking solution. Our portfolio is packaged as IoT solutions for equipment and fleet, as shown in Figure 1. The solution is designed to help lessors streamline asset management and utilization, enhance process efficiency, and boost productivity while optimizing time and cost.
Hexaware’s IoT-based Solutions for Equipment and Fleet Management
Effective Master Data Management (MDM) ensures business success by supplying consistent, accurate, and consolidated data to all analytical and operational applications. Leasing companies today face challenges with incomplete and incompetent data that impairs smooth business functioning. They need to develop a master data strategy to avoid data duplication and centralize data for scalability and flexibility. MDM helps leasing companies function efficiently by connecting disparate pieces of information across departments, branch locations, and lines of business, and transforming it into a single asset to derive actionable insights.
Hexaware’s pre-built MDM framework addresses the specific needs of leasing companies. The framework has been designed by leveraging Hexaware’s deep domain expertise and helps leasing companies’ jumpstart their data strategy. The key features of our MDM services are listed below:
The leasing industry faces different challenges in the aftermath of the financial downturn. Complex and evolving regulatory changes, increasingly cautious customers, and rising costs are forcing industry players to re-invent their business models in order to sustain growth. To keep pace with the changing trends and capitalize on new opportunities, organizations need to implement scalable and innovative technology solutions that can help mitigate operational and financial risks and improve agility.
Hexaware provides comprehensive solutions ranging from origination to lease closure and helps in standardizing processes, improving operational efficiency, and driving superior business outcomes. In-depth domain expertise and decade long experience in providing efficient and optimal solutions to leading leasing organizations enables us to offer a comprehensive portfolio of services including:
The equipment leasing industry is witnessing eroding profit margins due to regulatory, economic, and competitive pressures. To ensure success in this dynamic environment, industry players must understand target market requirements and enhance flexibility by embracing emerging technologies.
Hexaware helps leasing companies drive business transformation through innovative and cost effective technology solutions. Our custom-built leasing business solutions enable clients to leverage the latest technological trends in the market.
Our systemic approach to optimizing the overall application landscape encompasses: